Votes for Children’s Miracle Network Hospital could win 50K

A nationwide “Vote for Miracles” campaign celebrating the 20th anniversary of the Credit Unions for Kids program is now underway. Through Dec. 20, affiliates of the LSCU and the general public are invited to cast their votes to support their local Children’s Miracle Network Hospital. At the conclusion of the promotion, the Top 5 member […]

Tampa Bay Business Journal names USF FCU as 2016 awards finalist

USF Federal Credit Union (USF FCU), headquartered in Tampa, FL  has been selected as a finalist for the Tampa Bay Business Journal’s 2016 Corporate Philanthropy Awards. The 21 finalists will be recognized today at Tropicana Field in St. Petersburg, FL. The Tampa Bay Business Journal’s Corporate Philanthropy program was created to, “spotlight the many corporate-sanctioned […]

ABA files suit against NCUA over FOM final rule

As expected, the American Bankers Association has filed a lawsuit against the National Credit Union Administration stating that the regulator’s new field of membership (FOM) rules go too far. The suit was filed in the United States District Court for the District of Columbia, alleging the rule “disregards Congress’ explicit instruction that community credit unions […]

TransUnion expects millennial housing boom in next few years

Over the next five years, TransUnion estimates that potentially 17.1 million first-time homebuyers will enter the housing market. For its analysis, TransUnion developed a model that examined thousands of credit scores and attributes determining credit worthiness and likelihood  to purchase a home. The resulting “First-Time Homebuyer Propensity Model” identified specific consumers with the highest probability […]

Five biggest data breaches in history

According to the data collected by the Breach Level Index (BLI) database, 974 data breaches occurred worldwide in the first half of 2016, up 15 percent from the 844 breaches during the previous six months (July to December 2015). More than 554 million data records were lost or stolen in the first half of 2016, […]

New date guidelines issued by CFPB for final Prepaid Rule

The Consumer Financial Protection Bureau has released additional information on effective dates and required disclosures for the prepaid card rule that generally becomes effective on Oct. 1, 2017. The CFPB has now released a new Fact Sheet that highlights effective date guidelines  under the final Prepaid Card rule including, for example, how to handle providing disclosure and […]