New York's new regulation increases cybersecurity standards for financial institutions, including credit unions.
The New York State Department of Financial Services took possession of Melrose Credit Union on Friday.
New York state delays aggressive cybersecurity mandates until March.
CUNA files papers with the U.S. Supreme Court challenging payment card surcharges.
Credit unions could feel the impact of a cybersecurity fight between bankers and the government.
State-chartered banks and CUs in New York must ensure employee incentive arrangements do not encourage inappropriate behavior.
A former credit union employee is charged with embezzling $200,000 over 15 years.
Financially struggling cooperatives merge into credit unions in New York, New Hampshire and Pennsylvania.
Cybersecurity is such an important issue that one university is now offering an online masters degree course.
Internal audit professionals hold one of the most important jobs in a credit union.