by: Henry Meier
Nothing to do with credit unions but yesterday Tom Brady was suspended four games for having his footballs deflated prior to the AFC championship game.
Let me get this straight: He won the game and won the Super Bowl. His punishment is to spend four extra weeks on the couch at home watching the games with his super model wife Gisele Bundchen rather than being scowled out by Bill Belichick as he gets attacked by a bunch of 300 pound defensive lineman with 4-4 speed out to cripple him? Sign me up.
Target Settlement Can Go Forward
Effectively saying his hands were tied, a federal judge in Minnesota refused to block a proposed settlement between Mastercard and Target from going forward. Under the agreement $19 million is being set aside for eligible banks and credit unions to settle their claims for operational costs and fraud-related losses on MasterCard-branded cards affected by the data breach. Upon accepting the offer, each issuer will release MasterCard, Target and its acquiring banks from all claims related to the data breach.continue reading »