MADISON, Wis. (3/29/16)--Technology is the driver behind two important roundtables to be hosted by CUNA next week: the CUNA Payments Roundtable and the all-new CUNA Data Analytics Roundtable. The roundtables will be held back-to-back April 4-7, in one of the nation’s fastest-growing technology communities, Salt Lake City.
Information about credit union members and other consumers is being collected—but credit unions aren’t always sure what do with all of that information and how it will help them provide for their members.
No credit union security system is complete without tokenization and authentication, Robert Jarosinski, CUNA Mutual Group senior risk management consultant, told attendees of a breakout session at the combined America’s Credit Union Conference and World Credit Union Conference Tuesday in Denver.
The Department of Labor will publish its final rule Wednesday regarding employees’ eligibility for overtime pay--a rule which CUNA believes will have unintended negative consequences for credit unions, particularly smaller credit unions and those in non-metropolitan areas.
Further CUNA analysis of the U.S. Department of Labor’s overtime rule found minor relief, but CUNA remains concerned about the increased burden on credit unions. Several CUNA-suggested changes were included in the final rule.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.