Agency orders $7 million CU to take three steps to remedy problems in its operations.
More than a year after St. Paul Croatian Federal Credit Union was conserved and liquidated because of losses from fraud, there have been indictments, federal and international investigations and money hunts, and a lawsuit against the NCUA.
The troubles at Nevada’s Silver State Schools Credit Union, which include a 2% pay cut in September, reverberated across the state again last week.
Federal agents seized and replaced five command and control servers and 29 domain names used by the botnet to hack financial accounts.
Fraud is inevitable for financial institutions, even when diligent precautions are taken, according to experts in the credit union security space.
The U.S. Department of Justice is shooting down Coreflood.
For credit unions and banks, having $6 trillion parked in some of their accounts should be a good thing, right? Not necessarily.
A survey sponsored by NACHA, the electronic payments association, suggests that credit unions have room to grow in the most basic of electronic transactions.
Marketing firm Epsilon, a third-party vendor that manages customer e-mail databases for more than 2,500 clients, said an unauthorized entry into its email system took place last week, reportedly compromising millions of clients’ customer names and e-mail addresses.
Sallie Mae announced that it will begin offering no-fee student checking accounts into which colleges and universities can directly disburse financial aid and tuition refunds owed to students.