CUNA Board Chair Susan Streifel, addressing the opening general session of the combined America’s Credit Union Conference and World Council of Credit Unions Conference Sunday, called on her international audience of credit union leaders and advocates to renew their commitment to making credit unions the best financial partners for people in this country and around the world.
“We believe that it is in the interest of humanity that global policymakers and regulators understand credit unions, that they note the value of member-oriented services credit unions provide and that they support the diversity which, thanks to credit unions, is a benefit not just to credit union members, but to all consumers.”
Atlanta-based Arby’s restaurants has acknowledged a data breach involving approximately a number of its corporate-owned locations, reports Krebs On Security. The breach is estimated to have occurred between Oct. 25, 2016, and Jan. 19.
Federal Reserve Chair Janet Yellen testified before Congress this week, and her remarks match CUNA economists’ prediction of moderate economic growth in 2017. Perc Pineda, senior economist at CUNA, also predicted rate hikes this year.
CUNA continued its efforts for clarifications, including asking for credit card guidance, on the changes to the Military Lending Act Thursday. Many changes became effective last October, and credit card provisions will take effect Oct. 3.