News

Continuity Control consultant sees scrutiny moving downstream to smaller financial institutions.

Whether it's a question about member business lending or which activities CUSOs are allowed to engage in, CUSO executives said the NCUA's guidance letters have long been a go-to for answers and regulatory interpretations.

Alex R. Spirikaitis and his lawyer have been given more time to conduct pre-indictment negotiations with federal prosecutors over Spirikaitis role in a massive fraud case that led to the collapse of the $23.6 million Taupa Lithuanian Credit Union in Cleveland.

As small businesses continue to increase their use of technology and mobile access to conduct transactions, the drawback is the shift may potentially widen the space for cyber thieves to strike and drain commercial accounts in one fell swoop.

Bill Hampel, senior vice president and chief economist at CUNA, told Congress Nov. 5 his trade association supports the Corker-Warner bill's general approach to housing finance reform, but he suggested several areas in need of improvement.

California credit union designates its 18 branches as Red Cross collection site for Haiyan victims.