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October 20, 2014

CUNA applauds Obama's exec order for greater data security

Washington
As the number of data breaches and the accompanying costs for financial institutions and consumers continue to rise, President Barack Obama issued an executive order Friday aimed at improving the security of consumer financial transactions. ReadMore

Money: CUNA's Schenk talks interest rates, inflation

CU System
Mike Schenk, CUNA vice president of economics and statistics, discussed the current state of interest rates in an article that appeared online in Money magazine, part of the Time Inc. network. ReadMore

CUNA Attorneys Conference kicks off today

Washington
More than 120 credit union attorneys will be present at this year's CUNA Attorneys Conference, which is going on through Wednesday. ReadMore

Rendell Jones to succeed Woodson as CFO at NCUA

Washington
Rendell Jones has been named the new chief financial officer of the National Credit Union Administration, the agency announced Friday. ReadMore

U.S. Ebola cases reminder for CUs of pandemic prep: Agility

CU System
Given how seriously the United States is taking the presence of Ebola in this country, it seems unlikely that a widespread outbreak of the deadly disease could manifest itself at a large scale. That said, the sensational nature of the disease does serve as a reminder about the importance of preparing for the threat of pandemics of all kinds, such as the flu or other more common viruses. ReadMore

Half of merchant terminals EMV-ready by end of 2015, says PST

Washington
At least 47% of merchant terminals in the United States will be enabled with EMV chip technology by the end of 2015, according to the Payments Security Task Force. ReadMore

Wegner winner Hall an unsung hero of fin. lit., civil rights

CU System
Clarence Hall Jr. may not be a household name in the credit union movement, but the work that he has done for financial literacy and civil rights is a legacy that is being recognized by the National Credit Union Foundation. ReadMore

OFAC consolidates all non-SDN sanctions lists

Washington
With the goal of making is easier to comply with its regulations, the U.S. Treasury's Office of Foreign Assets Control is offering all of its non-Specialty Designated Nationals lists in one consolidated data list. ReadMore
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News Now LiveWire
@CFPB today finalized a rule to promote more effective privacy disclosures from financial institutions to their customers. Watch News Now
31 minutes ago
Four consumer rights you didn't have 40 years ago via @CreditExperts http://t.co/RwSocTG1q4
50 minutes ago
Cascade Community #CreditUnion has granted 30 educators almost $6,000 in Chalkboard grants for the 2014-15 school year.
1 hours ago
#NewsNow Money: CUNA's Schenk talks interest rates, inflation http://t.co/JbQlDrXzM3
1 hours ago
Eric Richard, CUNA's general counsel, details legal/regulatory trends affecting CUs at CUNA Attorneys Conf. today. http://t.co/n7ZATxT4eM
2 hours ago