Violators of NCUA's new rule on financial literacy for directors will not be forced to step down or undergo a test, according to CUNA's summary of an audio conference conducted to guide CUs on the basic expectations in the rules.

CUDL will be representing its more than 900 partnering credit unions at the National Automobile Dealers Association Convention for the eighth consecutive year. The convention will take place Feb. 5 to 7 at the Moscone Convention Center in San Francisco.

Fiserv Inc. has signed an existing client as a user of its new Acumen core processing platform and a new client to its XP2 solution.

The need to raise revenue and consumer trust while managing risk and complying with a growing regulatory burden will help spark global growth in retail banking spend in the next few years.