Deal eliminates competition between P2P offerings, better positions company for battle with other contenders large and small.
Beginning next year, NCUA examiners will expect credit unions to be following a tougher new set of guidelines for securing online banking and money transfers.
Multi-agency council, chaired by NCUA's Matz, says new guidance will be added to examiner expectations starting next year.
A debit card fraud breach that began swarming Northeast Ohio in April is said to have affected tens of thousands of accounts and dozens of financial institutions, including at least seven credit unions.
A leading bank card issuer reports hackers made it through the wall.
Retail and financial service industries are duking it out over attempts to regulate debit interchange fees.
SAN ANTONIO - A former White House official and leading bank executive today delivered a predominantly pessimistic view of the challenges facing the U.S. economy to executives attending PSCU' Financial Services' 2011 Senior Leadership Workshop and Member Forum.
The Wall Street Journal dropped the bombshell: “Banks Hit for Credit Union Ills,” read the headline on an article reporting that the NCUA was in talks with a bevy of Wall Street powerhouses (Goldman Sachs, Merrill Lynch, Citigroup and JPMorgan Chase) about the NCUA’s belief that Wall Street banks sold...
Around Valentine’s Day three years ago, holders of auction rate securities fell completely out of love with the debt instruments, causing a market freeze and a slew of lawsuits against the banks with claims of misrepresentation. The fallout continues.
The NCUA has threatened to sue four investment banks if they don’t refund $50 billion from the sale of mortgage-backed securities to five corporate credit unions that the agency conserved last year, according to several sources within the credit union industry.