Hurricane Matthew update

Hurricane Matthew is currently impacting eastern Florida’s space coast and is poised to deliver a dangerous combination of storm surge and rainfall flooding, as well as destructive winds into northeast Florida throughout the day. Wind gusts as high as 107 mph have been clocked at Cape Canaveral, and hundreds of thousands are without power at […]

Cyber Security Awareness month in October encourages caution

October is National Cyber Security Awareness Month, drawing attention to the need for online safety in all arenas, including your members’ accounts. With high-tech criminal activity and identity fraud on the rise, it’s important to be defensive in financial matters today. According to a report by Aite Group, consumers are not as cautious as they should […]

NCUA’s Metsger examines cybersecurity in board meeting

During a public briefing at yesterday’s board meeting, the National Credit Union Administration (NCUA) said the combination of technological innovation, expansion of social media, and growing interconnectivity are causing concern about credit unions’ cybersecurity efforts. Representatives of the agency’s Office of Examination and Insurance said the changing landscape of cybersecurity carries “more sophisticated” risks and […]

Awareness quickly increasing of mobile payment services among mobile users

In only a few months’ time, awareness of Apple Pay has increased 15 percent among users owning compatible devices. During the same time period, awareness in Android users for Android Pay jumped nearly 20 percent research collected by First Annapolis Consulting recently reported. Users reported an average satisfaction rating of 4.4 for each of the three mobile […]

ICBA files suit against NCUA over MBL

The Independent Community Bankers of America filed suit in federal court yesterday, challenging the NCUA’s new MBL rules, contending that the regulations allow credit unions to exceed limitations on business loans that were established by Congress. In the suit, the ICBA asks that the rules be voided and states that the agency is reducing regulatory oversight, while […]