CFPB proposal raises home equity threshold for small FIs

A new proposal by the Consumer Financial Protection Bureau would increase reporting requirements for banks and credit unions on home equity lines of credit to 500 loans through calendar years 2018 and 2019 so that the bureau can consider whether to make a permanent adjustment. Under the Home Mortgage Disclosure Act (HMDA), financial institutions are […]

Infrared tech used in skimming devices

“Insert skimmers” are becoming an ever-growing threat to credit unions, and the technology in these devices is keeping pace with changing times. The ultra-thin fraud devices are made to fit snugly and invisibly inside a cash machine’s card acceptance slot. “New evidence suggests that at least some of these insert skimmers — which record card […]

House Appropriations Comm. fails to pass CU Amendments

Last night, House Financial Services and General Government approved its 2018 budget, but both of the credit union amendments were offered and then withdrawn at the request of the sponsor. At the marathon markup, which lasted until 11:40 p.m., Rep. Mark Amodei proposed two amendments of interest to credit unions: to remove NCUA from the […]

New whitepaper explores content marketing for CUs

A whitepaper discussing how credit unions can effectively use content marketing to attract and retain members has been published by the Southeast Regional Credit Union Schools (SRCUS). What makes content marketing so intriguing, especially for credit unions, is that it allows your audience to control what type of content they consume and when, which drives […]

Varying usernames deters cyber crime

Data breaches are a common occurrence these days – Identity Theft Resource Center reports a record of 1,093 data breaches in 2016 with social security numbers released in 52 percent of those and credit and debit card details in 13.2 percent. Those are top-of-mind concerns but usernames, email addresses, and passwords make up critical information […]

LSCU advocacy team facilitates roundtable

The LSCU advocacy team facilitated in-district roundtables with members of Florida’s congressional delegation. Gold Coast Federal Credit Union hosted Congresswoman Lois Frankel in West Palm Beach and additional credit union advocates from BrightStar, IBMSECU, and Guardians had the opportunity to tell the credit union story. Conversation centered on the credit union difference and the many […]