43 lawmakers send letter to CFPB on prepaid cards

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray received a letter from 43 members of Congress expressing concern for the bureau’s proposed rule for prepaid accounts. The letter contained signatures from four senators and 39 representatives including Rep. Dennis Ross (R-FL). The members of Congress wrote that prepaid cards are an effective way for consumers […]

Another retailer has been hacked

Another retailer is confirming that it was a victim of hackers. America’s Thrift Stores, based in Birmingham, believes its stores were a victim of malware attacks between Sept. 1 and Sept. 27 of this year. It is believed that only credit card numbers and expiration dates were stolen from the charity store chain, not customer […]

LSCU’s Ross named CU Times’ Trailblazer 40 Below

LSCU Senior Vice President of Association Services and Governmental Affairs Jared Ross was chosen as a CU Times’ Trailblazer Below 40. The trade publication created the Trailblazer Below 40 program to recognize exceptional young credit union execs who are changing the direction of the credit union industry for the better. In his current role, Ross […]

LEVERAGE Rolls out Rewards Program

Credit unions are always looking for ways to enhance their engagement with members. Reward programs are a good way to offer more value to members, but they can be so much more than just a debit or credit card reward program. LEVERAGE Rewards is a valuable program that enhances member loyalty, increases transaction volume, and […]

House passes TRID legislation; moves to the Senate

In a vote that was much wider than expected, the U.S. House passed H.R. 3192, the Homebuyers Assistance Act. The bill was introduced after the CFPB’s new TILA-RESPA rules were introduced. The bill’s sponsors said their was a lack of anything more specific regarding a grace period or clear direction from the CFPB. The act […]

Stop and study bill sponsors send letter to NCUA

The three sponsors of HR 2769, the Risk-Based Capital Study Act, sent a letter to NCUA Chairman Debbie Matz outlining steps the regulator should implement concerning risk-based capital. Reps. Bill Posey (R-FL), Stephen Fincher (R-TN), and Denny Heck (D-WA) wrote that they “have an interest in ensuring stability of the financial system while preserving the […]