In the News
Sept. 2024 NCUA Board Meeting
Board Approves Final Rules on Fair Hiring in Banking and Simplification of Share Insurance for Trust Accounts Board Briefed on Share Insurance Fund and 2024 Mid-Session Budget The National Credit...
FinCEN Requests Comments on Renewal of the OMB Control Number for Purchases of Bank Checks and Drafts, Cashier’s Checks, Money Orders, and Traveler’s Checks
On September 17, 2024, the Financial Crimes Enforcement Network (FinCEN) published in the Federal Register a 60-day notice to renew the Office of Management and Budget (OMB) control number assigned...
Sept. 20 CFPB Recent Updates
Published SEP 18, 2024 CFPB Issues Buy Now, Pay Later FAQs The CFPB released Frequently Asked Question (FAQ) guidance on Buy Now, Pay Later (BNPL) products. The FAQs provide guidance on...
PNC Survey Probes Financial Health of American Workers
A new survey by PNC Bank examines the financial health and wellness of today’s workforce. PNC’s second annual report on the subject entitled, “The Evolving Needs of the Multigenerational American...
Google Introduces ‘Air-Gapped’ Backup Vault to Thwart Ransomware
“It’s critical to not only back up your critical workloads, but also to secure those backups against subsequent modification and deletion.” Google has fitted a new backup storage vault feature...
Sept. 13 CFPB Recent Updates
Published SEP 12, 2024 CFPB Bans Navient from Federal Student Loan Servicing and Orders the Company to Pay $120 Million for Wide-Ranging Student Lending Failures The Consumer Financial Protection Bureau (CFPB)...
Sept. 6 CFPB Recent Updates
CFPB Report Highlights Consumer Protection Issues in Medical and Rental Debt Collection The Consumer Financial Protection Bureau (CFPB) today issued its annual report on debt collection, which highlights aggressive and illegal...
HEARING NOTICE: Subcommittees on Digital Assets, Financial Technology and Inclusion & Oversight and Investigations
The House Financial Services Committee announced the following hearings: Digital Assets, Financial Technology and Inclusion Subcommittee Hearing Entitled: “Decoding DeFi: Breaking Down the Future of Decentralized Finance” Time: 10:00 AM ET...
U.S. Regulator Finds Banks Have Work to Do on Climate Risk, Sources Say
A top U.S. banking regulator has found that major lenders are in the early stages of assessing and managing the risks climate change poses to their businesses, and that significant...
Aug. 29: CFPB Recent Updates
Published AUG 28, 2024 Promoting competition in payments Director Chopra reacts to Apple’s recent announcement about planned changes to “tap-to-pay” functionality on its iOS devices. As consumers increasingly move and store...
Video: Former NCUA Examiner Discusses Growing Scrutiny of Credit Union Information Security
Mark Treichel, Founder of Credit Union Exam Solutions (former NCUA Director and Examiner), stopped byCU Broadcast to share the latest NCUA exam trends. Specifically, Mark talked about communication challenges between examiners and credit...
7-Plus Years in Prison for Fraud Ringleader Who Stole Millions From Credit Unions
Criminals circumvented credit union and bank fraud protections by using accounts that had been opened for five years or longer. A California man who led a nine-person conspiracy ring that...