Data collected by CUNA and the Consumer Bankers Association covers only the cost of card replacement.
House Ways and Means member John Larson says although it's just a draft, tax reform does not currently include credit unions.
Credit union trade associations turn down an offer to join bankers and retailers in a pledge to collaborate on data security.
CUNA, NAFCU and bank trade associations fire off a letter to leaders on Capitol Hill countering what they say are false retailer claims about data breaches.
Despite a new state law in Colorado legalizing recreational use, credit unions still worry marijuana business accounts will run afoul of federal regulations.
While financial institutions wait for guidance from the DOJ, credit union leagues in Colorado and Washington caution against opening accounts for state-legal weed businesses.
As federal tax reform lingers on Capitol Hill, Credit Union Times asked industry experts how the elimination of the credit union tax exemption could impact balance sheets.
Eliminating exemption would change playing field, increasing bottom line and management burden, execs argue.
Credit union lobbyists top list of opinion professionals.
At press time, the federal government shutdown was on its second full day. Reports are mixed regarding how long it could last—some still maintain it will be over in a few days, while others insist the political impasse could drag on for weeks.