MADISON, Wis. (10/2/14)--An article on the hiring of Jim Nussle, a former eight-term congressman and director of the White House Office of Management and Budget for President George W. Bush, as the new president/ CEO of the Credit Union National Association was the most-read News Now story in September.
Data security continued to dominate credit union news in September. Four of the Top 10 stories were related to data security and data breaches.
The 10 most-read News Now articles in September:
MADISON, Wis. (9/11/14)--In light of Apple's announcement of its new mobile payment system--Apple Pay--CO-OP Financial Services and Fiserv are working to ensure credit unions are part of that payment environment.
LAKEWOOD, N.Y., and NEWCASTLE, Pa. (9/25/14)--Two Northeastern credit unions have filed a pair of lawsuits against Home Depot, alleging that financial institutions nationwide have suffered millions of dollars in damages as a result of the data breach that befell the home improvement retail chain recently.
ALEXANDRIA, Va. (9/29/14)--National Credit Union Administration (NCUA) Chair Debbie Matz announced she intends to request a revised proposed risk-based capital rule be issued with a new comment period. This is a result of "significant structural changes" being considered. CUNA requested a second comment period prior to issuing a final rule.
WASHINGTON (9/8/14)--The real reasons behind credit unions' success are their cooperative ownership structure as well as a good amount of public trust, reminded CUNA interim President/CEO Bill Hampel.
WASHINGTON (9/5/14)--The implications of a recent data breach at Home Depot--which has the potential to dwarf that of last year's Target Corp. incident--could weigh heavily on credit unions.
MADISON, Wis. (9/22/14)--Home improvement retailer Home Depot confirmed last week that the recent five-month data breach compromised 56 million credit and debit cards--second only behind the Heartland Payment Systems breach in 2009. But what does this mean to the average consumer?
MERRIFIELD, Va. (9/25/14)--Nationwide sandwich chain Jimmy John's confirmation Wednesday of a payments-vendor breach that compromised customer information at 216 locations in 39 states is yet another example CUNA and credit unions advocate passing laws making merchants more responsible for such intrusions.
WASHINGTON (9/18/14)--The Federal Reserve Board today said it will not propose any changes to its cap on debit card interchange fees. The Fed said the decision is based on results of its survey of costs associated with debit card transactions, a survey it executes every two years.
WASHINGTON (9/17/14)--The Federal Open Market Committee said in today's policy statement that quantitative easing (QE), a tool the Fed has used to stimulate the economy since the economic downturn in 2008, likely will be entirely phased out next month.
WASHINGTON (9/9/14)--Jim Nussle, a former eight-term congressman and director of the White House Office of Management and Budget for President George W. Bush, is the new president/ CEO of CUNA, the chairman of the nation's largest trade group for credit unions announced today.