Unauthorized email sent through webinar vendor

The LSCU would like to inform readers that through our CU webinar notifications, on Jan. 2 at 2 p.m. CT, an unauthorized email with the subject line “Happy or Not?” was sent to a portion of our Education Department email list. This email did not originate with our vendor, who sends webinar notifications, and the […]

Tax law has big impact on home equity loans

The new tax law Donald Trump signed into law just before Christmas will change the game for homeowners who used home equity to finance other big ticket items in their lives. According to CU Journal, “Under the old law, homeowners who took out a second loan of up to $100,000 could deduct the interest from […]

Washington Wire – Jan. 3, 2018

The Second Session of the 115th Congress begins this week when the Senate returns to Washington to swear in new Members of Congress. The House will return next week to resume its legislative business. The Senate will convene tomorrow at noon to swear in new senators and consider executive nominations. No significant committee activity has […]

The basics of vulnerability management from the NCUA

Credit unions are required by NCUA’s Rules and Regulations Part 748 to implement an information-security program and a vulnerability-management process. A vulnerability management process is essential to ensuring that every credit union is able to identify, manage, and control information security risks. First, let’s define some of the key terms that are associated with vulnerability […]

Technology trends for 2018

As we forecast which trends will accelerate in 2018 for the industry, consumers will increasingly expect simplicity and convenience from their financial institutions. However, consumers aren’t necessarily looking to do business specifically with “fintechs.” In the same way, we often assume that consumers have loyalty to a traditional financial institution or a credit union. The reality […]

McWatters could be tapped as next CFPB head

With leadership in the Consumer Financial Protection Bureau taking a dramatic turn after longtime head Richard Cordray’s resignation, the new, permanent head may be a man who conversant with all things credit union. According to CU Journal, J. Mark McWatters, chairman of the National Credit Union Administration, is on the shortlist to potentially head the […]