Links in “Credit Unions”

The unstable political environment in Ukraine has put a strain on its credit unions, to say the least. From requiring extra licenses to perform everyday transactions to losing credit union volunteers to violence, this article offers a perspective on what Ukrainian credit unions are going through during these violent and uncertain times. [9/30/14]

Although she was once adamant that the proposed risk-based capital rule did not need a second comment period, NCUA Board Chairman Debbie Matz says she "now believe[s] it is prudent under the APA to ask for additional comments." [9/30/14]

Credit union leagues from 5 states have banded together to demand merchant accountability for data breaches. "They should lose money. They lost their customer data," says Paul Gentile, president/CEO of the Massachusetts, New Hampshire, and Rhode Island Credit Union Leagues. [9/30/14]

While bank ATM fees are on the rise (average $2.77  for non-customers), the median credit union fee for an ATM outside of its networks is at about $1. [9/30/14]

Y2K, Conficker, Heartbleed, Shellshock—will the human population grow weary of the endless parade of computer bugs? Are we there already? [9/30/14]

The Department of Defense proposed drastic amendments to the Military Lending Act, including: a broadened list of credit products subject to the 36% cap on the APR rate, additional required disclosures for military borrowers, and more. [9/29/14]

The National Federation of Community Development Credit Unions gave grants to two credit unions to fund an immigrant asset-building initiative. The sustainable project involves keeping a "pool of money that is loaned, paid back and loaned again" and has already made a huge difference in the lives of immigrants. [9/29/14]

Dan Berger, CEO and President of NAFCU, wrote a letter to the President Barack Obama attempting to persuade him to place the responsibility of retail data breaches on the heads of the retailers, not financial institutions. [9/29/14]

Passwords are proving ineffective at preventing data breaches. What's more, consumers are frustrated by the growing number of passwords they have to maintain. Here are some alternatives to the password game. [9/29/14]

A circuit court decision suggests that playing blind, deaf and dumb is not a viable business strategy when it comes to the Anti-Terrorism Act. Violations go beyond just knowing that an account is supporting terrorist activities to include knowledge or deliberate indifference that it is supporting a terrorist organization. [9/29/14]