PYMNTS

AUGUST 27, 2019

One of the largest factors that sets credit unions (CUs) apart from large banks and FinTech providers is their emphasis on member relations. In the August Credit Union Tracker , PYMNTS explores the latest developments in the world of CUs, including new government initiatives in the U.S. billion in assets.

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Credit Union NCUA Non-Bank Money Laundering 49

PYMNTS

JULY 31, 2017

Is the credit union market ready for its close-up? In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 million in Q2 of this year alone, with the value of loans held by credit unions now almost at $885 billion.

Credit Union 45

Credit Union NCUA P2P Regulations 45

PYMNTS

SEPTEMBER 28, 2020

Credit unions (CUs) have played a major role in supporting consumers who have been financially hit the hardest by the pandemic. They also extended 20,789 mortgage payments and 539,724 consumer loans, including car and credit card loans.

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Credit Union NCUA Small Business Innovation 60

PYMNTS

FEBRUARY 15, 2019

To that end, phishing attacks, more commonly known as business email compromises (BECs), have been aimed at Bank Secrecy Act (BSA) officials at credit unions. Krebs on Security noted that the emails sent to officials at the United States credit unions looked like they were being sent by other BSA officials.

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BSA Credit Union Business Email Compromise Office of the Comptroller of the Currency 49

PYMNTS

MAY 8, 2019

Credit union (CU) and bank trade groups are locked in another battle, this time arguing about oversight by the Consumer Financial Protection Bureau (CFPB). With that in mind, the two bank groups believe the NCUA cannot adequately supervise these large credit unions, due to reports from the agency’s own inspector general and the U.S.

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CFPB NCUA Consumer Financial Protection Bureau (CFPB) Credit Union 43

PYMNTS

FEBRUARY 8, 2019

In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. And, according to the report, “multiple sources” claim that FIs beyond credit unions have received such emails. FinCEN, NCUA, the Federal Reserve Board, the Federal Deposit Insurance Corp.

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BSA Phishing NCUA Credit Union 53

PYMNTS

MARCH 20, 2018

Collaboration has seemingly become the new name of the game in the credit union landscape. In the pages of the latest Credit Union Tracker , PYMNTS explores the latest joint efforts and partnerships from around the industry. Around the Credit Union World . Bipartisanship in politics is rare these days.

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Credit Union NCUA Community Banks P2P 44

Global Fintech & Digital Assets

JANUARY 12, 2024

Endnotes [1] The FFIEC members are the Board of Governors of the Federal Reserve System (FRB), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Consumer Financial Protection Bureau (CFPB), the National Credit Union Administration (NCUA), and the State Liaison Committee. [2]

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FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

PYMNTS

JANUARY 19, 2018

The early bird catches the worm — and credit unions (CUs) are no exception. Recently passed legislation and bills still in the works could rewrite major aspects of the credit union world, and CUs have now taken to Congress to ensure their voices are heard. Around the Credit Union Landscape. Nevada Sen.

Credit Union 40

Credit Union NCUA Data Breach Breach 40

PYMNTS

SEPTEMBER 21, 2020

Separately, last month, five federal regulatory agencies – including the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC) – issued a joint statement designed to address questions (..)

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

PYMNTS

AUGUST 3, 2020

banks and credit unions (CUs) have signed on to offer checking and savings accounts through Google Pay. Bank customers will benefit from useful insights and budgeting tools while keeping their money in an FDIC- or NCUA-insured account.”. Six additional U.S.

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Accounts Credit Union NCUA Community Banks 95

PYMNTS

JUNE 21, 2019

Approximately 60 percent of credit unions — 92.7 percent of all CU members — currently offer some sort of credit card. Credit unions held $61.5 billion in credit card debt as of March 2019, according to the U.S. percent of credit card debt held by banks. The Appeal of CU-Issued Credit Cards.

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Credit Cards Credit Union Caps NCUA 40

PYMNTS

OCTOBER 11, 2017

Banks and credit unions should be looking for ways to serve these customers, who are always better served when there is competition in the marketplace; but that doesn’t mean they should get special exemptions or carve-outs. The CFPB final payday lending rule is an important step, Horowitz said, but there are many more steps to come.

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Rules CFPB NCUA Credit Union 43