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The most wonderful time of the year: How CUs celebrate the season

CU Journal - Fri, 12/22/2017 - 1:09pm
Giving back to the community is ingrained in the credit union philosophy, but the holiday season provides the movement with a good reason to go the extra mile. Here's a look at how CUs across the country are celebrating the holidays.
Categories: Credit Union News

Number of CUs penalized for late call reports triples

CU Journal - Fri, 12/22/2017 - 1:09pm
Thirty-nine credit unions will pay fines for filing 5300s after deadline, a three-fold increase over the previous quarter and the highest number of CUs to consent to penalties in over a year.
Categories: Credit Union News

Trump signs $1.5 trillion tax cut

CU Journal - Fri, 12/22/2017 - 12:09pm
The legislation — and public perceptions of it — are expected to play a major role in 2018 elections that will determine whether Republicans retain control of Congress.
Categories: Credit Union News

Demand for Home Equity Lending Increasing: Raddon

CU Times - Fri, 12/22/2017 - 12:08pm
New research shows 28% of consumers anticipate opening a loan in the next 12 months.
Categories: Credit Union News

Credit Unions Spread Cheer, Annual Dividends

CU Times - Fri, 12/22/2017 - 10:54am
Six credit unions to pay $18 million to nearly one million members.
Categories: Credit Union News

CU & Banking Groups Renew Call for Federal Data Breach Legislation

CU Times - Fri, 12/22/2017 - 10:00am
Both groups want a national standard when it comes to consumer notifications after a data breach.
Categories: Credit Union News

Double-Digit Demand Growth for Wearables to Continue Through 2021

CU Times - Fri, 12/22/2017 - 9:10am
Credit union leaders should expect continued growth for wearables in the coming years.
Categories: Credit Union News

Credit union trade groups cheer CFPB's moves on HMDA, prepaid rules

CU Journal - Fri, 12/22/2017 - 9:09am
The regulator on Thursday announced a delay in the implementation of its prepaid rule, along with safe harbor for HMDA data reporting.
Categories: Credit Union News

FIs, Digital Transactions: Top Phishing Targets

CU Times - Fri, 12/22/2017 - 8:40am
Phishing actors are always innovating and creating new methods to lure victims into gaining access to their financial information.
Categories: Credit Union News

The credit union tech holiday wish list 2017

CU Journal - Fri, 12/22/2017 - 8:09am
In a long-standing tradition, Credit Union Journal asked IT professionals to share the new things they’d like to have to help them have a successful new year. From data centers to more staff, their technology wish lists will keep Santa plenty busy.
Categories: Credit Union News

CFPB halts implementation of prepaid rule to consider changes

CU Journal - Thu, 12/21/2017 - 6:07pm
Moments after the Consumer Financial Protection Bureau said it would reopen its mortgage disclosure rule, the bureau announced that the effective date for the prepaid rule would similarly be scrapped.
Categories: Credit Union News

CFPB Announces HMDA, Prepaid Card Changes; Quietly Shifts Mission Statement

CU Times - Thu, 12/21/2017 - 4:27pm
New information shows CFPB's Mulvaney intends to roll back the agency's aggressive rulemaking.
Categories: Credit Union News

How tax bill will change consumers' financial behavior

CU Journal - Thu, 12/21/2017 - 4:06pm
Earlier versions of the bill would have caused bigger changes in how Americans finance home purchases, higher education and retirement. Still, the final legislation will have important effects on borrowing and saving decisions.
Categories: Credit Union News

CFPB to reopen mortgage disclosure rule, will not penalize data errors

CU Journal - Thu, 12/21/2017 - 3:06pm
The Consumer Financial Protection Bureau said Thursday that it plans to reopen its rulemaking for the Home Mortgage Disclosure Act and will not assess penalties against mortgage lenders for any errors in data collected in 2017.
Categories: Credit Union News

Financial services trades press Congress on data security standards

CU Journal - Thu, 12/21/2017 - 3:06pm
Seven trade associations — including those representing banks and credit unions — sent a joint letter to Congress outlining data security standards for entities that handle financial data.
Categories: Credit Union News

Four takeaways from deal to prop up GSEs

CU Journal - Thu, 12/21/2017 - 2:06pm
The announcement Thursday that Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency Director Mel Watt agreed to let Fannie Mae and Freddie Mac each build a $3 billion capital buffer avoided a potential crisis.
Categories: Credit Union News

Subprime Auto Defaults Are Soaring, & PE Firms Have No Way Out

CU Times - Thu, 12/21/2017 - 1:22pm
Financial institutions attempt to bring auto-lending defaults under control before it's too late.
Categories: Credit Union News

New leadership on Indy board and more new hires, promotions

CU Journal - Thu, 12/21/2017 - 1:06pm
The Indiana CU League gets several new directors and other credit union professionals in the news.
Categories: Credit Union News

Two Michigan CUs Merge to Begin 2018

CU Times - Thu, 12/21/2017 - 12:41pm
Members approve a merger of two Michigan credit unions.
Categories: Credit Union News

Symitar Launches Voice Transaction Technology

CU Times - Thu, 12/21/2017 - 11:50am
Financial transactions can now happen using Amazon Alexa with help from a new Symitar technology.
Categories: Credit Union News


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