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. The emails were reportedly only sent to certain anti-money laundering (AML) contacts, leading some to question if the National Credit Union Administration (NCUA)’s non-public data had been accessed, Krebs On Security reported.

BSA 53

BSA Phishing NCUA Credit Union 53

PYMNTS

FEBRUARY 22, 2018

Credit unions took a stand against state bank associations this week over the credit union exemption from federal taxes. “We There is no reason why the largest credit unions, which act and look just like the taxpaying banks they compete with, should be completely free of income taxation,” the letter stated.

Credit Union 40

Credit Union NCUA Non-Bank Adjustments 40

PYMNTS

FEBRUARY 28, 2020

Credit unions’ emphasis on member relationships is one of the main factors that distinguishes them from large banks and FinTechs. Larger banks and well-funded FinTechs can create dedicated security operation centers staffed by experts, but CUs often do not have the budgets to offer round-the-clock active protection.

Credit Union 52

Credit Union CCPA Data Breach NCUA 52

PYMNTS

MARCH 2, 2020

After rumors of decline, CUs kicked off the roaring 2020s with higher metrics across the board – mortgage loans up by a staggering 81 percent, loan originations up almost 30 percent year over year, and non-real estate loans up by double digits. Seems that everybody likes credit unions—including cybercrooks. CU in Court.

Credit Union 52

Credit Union Credit Union Service Organization NCUA CCPA 52

Global Fintech & Digital Assets

JANUARY 12, 2024

A recent bipartisan bill, if enacted, would particularly benefit small lenders and bank-fintech partnerships by promoting transparency, appellate rights, and examiner accountability. They are generally aligned with its goal to make the banking examination process fairer and envision that it will strengthen the financial system.

FFIEC 52

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

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. digital transformations reshaping CUs’ role in the financial space, and how open banking could change how CUs do business. Deep Dive: How Open Banking Can Help CUs Succeed.

Credit Union 49

Credit Union NCUA Non-Bank Money Laundering 49

PYMNTS

OCTOBER 11, 2017

Fulmer said that most players don’t even object to more competition from banks and applaud regulatory clarity that would allow them to compete in the market. There should be vying for the consumer’s business under the same rules and regulations that non-depository providers operate under,” Fulmer noted in an interview with PYMNTS.

Rules 43

Rules CFPB NCUA Credit Union 43