News

A new disaster recovery system for the online banking solution used by more than 100 credit union clients of WESCO Net and CU*Answers has passed a major test, the CUSOs said.

Data security standards for third-party processors, better communications and threat awareness education were among the recommendations that came out of a nationwide simulated cyber attack on the nation's ACH, check and card payment systems.

Conservative commentator and provocateur Patrick J. Buchanan will be the keynote speaker at NAFCU's Congressional Caucus.

The amendment to regulate interchange will increase transparency to consumers and force card issuers to design their products in a way that consumers are aware of all the costs, consumer advocate and Harvard Law Professor Elizabeth Warren said today.

Now that Alabama's largest credit union, the $2.6 billion Redstone Federal is officially a CUNA member once again, Joseph H. Newberry, its president/CEO, was doing his part in the interchange fight by rounding up local CU support to lobby Congressmen.

Interchange remains just as much a searing issue among Louisiana credit unions as elsewhere but "we are being respectful to our Congressional delegation" because of the BP oil spill, the Louisiana Credit Union League said Friday.