CFPB releases new consumer protection principles on data aggregation

Yesterday, the Consumer Financial Protection Bureau (CFPB) outlined principles for protecting consumers when they authorize third party companies to access their financial data to provide certain financial products and services. These principles are intended to help foster the development of innovative financial products and services, increase competition in financial markets, and empower consumers to take […]

Nussle advocates for ADA compliance

CUNA President/CEO Jim Nussle is encouraging credit unions to protect themselves from predatory litigation stemming from the Americans With Disabilities Act (ADA) and recommending resources to help. A number of credit unions have been subject to ADA-related lawsuits in recent months, and CUNA is working on a solution with Congress and federal agencies. In the […]

Next-generation cyber attacks call for next generation solutions

Earlier this month, a massive security breach at consumer credit reporting agency, Equifax, left 143 million consumers scrambling to protect their identity. As cybersecurity threats continue to evolve in both sophistication and scale, the need to safeguard your credit union’s reputation and member data has never been more critical. While much is being done to […]

Mobile banking becoming more popular

Digital technology is becoming increasingly attractive for credit union members with technology such as Amazon’s Alexa voice recognition and commands growing in use. But mobile banking is reigning as the top interface for consumers in digital use. Mobile banking is being used by 41 percent of consumers and experts see a ripple effect to other […]

Paypal market capitalization on the rise

Paypal is becoming increasingly competitive, as evidenced by a rise in shares of 75 percent since the start of 2017. As part of that upswing, it also exceeded American Express last week. It’s now $6 billion away from surpassing Morgan Stanley’s numbers and closing in on Goldman Sachs, as well. According to Pymnts.com, “PayPal’s market […]

Team LSCU – People Helping People

October 14,  the LSCU & Affiliates (LSCU) participated in the Tallahassee Walk to End Alzheimer’s, chaired by LSCU’s Political Affairs Coordinator Jordan Burroughs. Held annually in more than 600 communities nationwide, the Walk to End Alzheimer’s is the world’s largest event to raise awareness and funds for Alzheimer’s care, support, and research. The Tallahassee Walk […]