Study shows digital banking could be revenue-capture resource

Results from a study by consulting firm Simon-Kucher & Partners, “Monetizing Digital Banking Products for Small Business Customers,” indicate digital banking offers big benefits to small business that are often receiving the services for free when they would pay for the convenience. “The small business customer is a huge untapped market for financial institutions,” said […]

Potential changes may come in NCUA appeals process

NCUA sources tell the LSCU that its Board will consider a proposed rule in April that grants credit unions new rights in an appeal. In the current process, credit unions are very restricted in their ability to bring in outside expertise such as accounting or specialized business and legal talent. Under the new proposed regulation, […]

ACUA requests CU comments on recently approved changes

The Board of the Alabama Credit Union Administration recently approved a series of changes to the regulations applicable to state-chartered credit unions. The regulatory changes include relaxed constraints on Credit Union Service Organizations (CUSO) and fixed asset ownership. It is important for credit union stakeholders to provide the administration with input regarding how the specific […]

Florida Legislative Session begins today

Florida legislative session begins today. The Senate will convene at 9:30 a.m. ET while the House will go into session at 10 a.m. ET  At 11 a.m. ET, Gov.  Scott will deliver the “State of the State” address during the Joint Session in the House Chamber. Ahead of the chambers convening, members are required to submit all bills to be considered during […]

EMV deterrent turns fraudsters to online hacking

Based on recent studies, it’s time to take even more strenuous efforts to lock down online accounts. Using chip-based technology has stopped some duplicitous transactions, but according to a new report from the Merchant Risk Council and fraud-tech company Forter, the holidays were a busy time for online fraudsters. They reported a leap of 79 […]