News

SAN FRANCISCO - Unauthorized access to proprietary information, including identity theft, has passed denial of service in second place on the list of causes of computer crime losses, according to the 2005 CSI/FBI Computer Crime and Security Survey. Still atop the list? Cleaning up after virus attacks, according to the...

AUCKLAND, New Zealand - "Debt is profitable. How much marketing do you see coming from mainstream banks that encourage savings? Their advertising hammers home loans and financing options, not thrift. When you have profit driven shareholders to satisfy, the value of thrift falls by the wayside." With these words Doug...

LAS VEGAS - From rising violations of the Bank Secrecy Act to false "rumors" about a slowdown in community charter approvals, credit union executives assembled here for the NAFCU conference heard an array of admonitions and assurances from a trio of NCUA regional directors. Providing the "NCUA Update," as the...

CAMBRIDGE, Mass. - Younger consumers continue to outpace their seniors, especially senior citizens, in researching and applying for financial service products online. According to Forrester Research's Consumer Technographics studies, overall use of the online channel for researching products increased for credit cards, mortgages and checking accounts last year, while home...

LAS VEGAS - Teres Solutions (www.teresolutions.com) has added home equity loan origination support to its SAIL Direct Lending software platform. The Austin, Texas, based company has more than 30 credit unions on its Software Application for Integrated Lending (SAIL) indirect lending platform and recently began offering the direct lending option,...

LAS VEGAS - NCUA Chairman JoAnn Johnson has left little doubt she is pushing ahead this year with regulatory relief on capital ratios for CUs but has no intent of "micro-managing" well-run institutions. In featured remarks before NAFCU's annual conference, the NCUA chairman said while the agency "is actively engaged...