The $211 million Alabama State Employees Credit Union is the first financial institution to sue Target seeking breach losses.
The $1.1 trillion agreement includes $1.2M for the Community Development Revolving Loan Fund and $226M for the CDFI Fund. WOCCU received $275M.
Daniel Weickenand, CEO of the $531 million Orion FCU in Memphis, Tenn., said low margins and risk forced him to discontinue non-QM loans.
New FHFA director says CFPB's new QM rule could significantly impact mortgage credit availability.
CUNA will release aggregate breach cost information to member credit unions, lawmakers, federal regulators and the media. Individual credit union numbers will be kept confidential.
Trade group to open website next week to allow credit unions to report expenses they incur from massive hack.
Trades, consultant see possible impact as Senate Finance chair switches hands.
Trade groups call for tighter security, while credit unions monitor and warn.
NCUA Board members, NAFCU's Berger, CUNA's Cheney said they look forward to working with McWatters.
The NCUA's estimated 2014 corporate assessment range of zero marked the end of a costly era for federally insured credit unions.