News stories tagged 2022
Who Are the Best Credit Unions to Work For in 2022?
August 30, 2022 — The Great Resignation has made it difficult for businesses to retain and attract talent, but the institutions on this year’s Best Credit Unions to Work For...
BofA, BMO Push to Close Racial Property Ownership Gap
Aug. 31, 2022 — Bank of America and BMO Harris are leaning into real estate aid with programs designed to close the racial property ownership gap. Bank of America launched...
Top Tips for Securing Board-Level Buy-In for Cybersecurity Awareness Campaigns
August 24, 2022 — With CyberSecurity Awareness month fast approaching, information security professionals and data protection managers will be looking at how to secure board-level buy-in for company-wide cybersecurity awareness...
From Callahan: Subordinated Debt Levels Surge After Regulatory Changes
Aug. 22, 2022 — Updated rules from the National Credit Union Administration have resulted in a massive jump in the number of credit unions issuing subordinated debt and the overall...
MEMBER BENEFIT: NCUA Summary and FinCEN Summary + Comment Letter
Agency: National Credit Union Administration Joint Policy Statement Summary: Prudent Commercial Real Estate Loan Accommodations and Workouts The NCUA, FDIC, and OCC have published a joint policy statement on Prudent Commercial Real...
CFPB Gets Earful on Limiting Credit Card Late Fees
The Consumer Financial Protection Bureau is taking heat from banks and credit unions over its proposal to limit increases in credit card late fees that would otherwise increase because of...
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...
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...