In the News
Equifax May Face Class-Action Suit After Credit-Score Glitch
Plaintiff claims inaccurate score cost her more on auto loan; Company says majority of credit seekers saw no shift in scores August 4, 2022 — Equifax Inc., the second-biggest global...
MEMBER BENEFIT: NCUA and CFPB Summaries Available
Agency: National Credit Union Administration Final Rule Summary: Asset Threshold for Determining the Appropriate Supervisory Office; Office of National Examinations and Supervision (ONES) The NCUA Board is amending its regulations...
Wolf in Sheep’s Clothing: How Malware Tricks Users and Antivirus
August 2, 2022 — One of the primary methods used by malware distributors to infect devices is by deceiving people into downloading and running malicious files, and to achieve this...
Difficulty Paying Bills Tops Pandemic High in US Census Survey
Difficulty Paying Bills Tops Pandemic High in US Census Survey (Bloomberg) — The share of Americans who report having difficulties paying their bills has surpassed its 2020 pandemic peak in...
GRAPH OF THE WEEK: Credit Card Delinquency Rates Inching Back Up
After a decline in consumer spending during the pandemic, the end of government relief programs has contributed to an increase in credit card usage – and a rise in delinquencies....
Former Coinbase Employee Charged in First-Ever Crypto Insider-Trading Case
Cryptocurrency insider-trading case could have broad ramifications for industry. Federal authorities brought the first-ever cryptocurrency insider-trading case Thursday, accusing a former Coinbase Global Inc. COIN 5.43%▲ manager of tipping off his brother and a friend...
July 21 NCUA Board Meeting Summary
Budget Briefing The NCUA board was briefed on the budget and current operating budget surplus. The surplus is primarily from lower staffing levels and vacancy rates resulting in decreased pay...
Bank of America Puts Aside $200M for Probe into Bankers’ Use of Personal Devices
Bank of America (BAC.N) has set aside around $200 million for a regulatory matter connected to the unauthorized use of personal phones, its chief financial officer Alastair Borthwick said on...
PSCU: Inflation Helps Boost Member Spending in June
The gains in the amount spent far outpace gains in the number of transactions. PSCU reported Tuesday that the value of purchases it handles for affiliated credit unions rose much...
MEMBER BENEFIT: 2022 State System Profile Database Released
As a benefit for all NASCUS members, this digital platform provides a searchable data catalog of state credit union regulatory agencies (structure, funding, examination programs) and key state credit union...
Annual Summit Hotel Block Closes Friday July 22nd
The National Association of State Credit Union Supervisors (NASCUS) invites you to join us at an exclusive event that brings state regulators, credit union leaders, and industry stakeholders together in...
Pierre Jay Nominations Open Until July 24th
The National Association of State Credit Union Supervisors (NASCUS) created the Pierre Jay Award to recognize individuals, programs, and/or organizations whose contributions have benefited the state credit union system in...