A coalition of six Democratic senators introduced a data protection bill Thursday that would, in part, require companies that store sensitive personal or financial information on 10,000 customers or more to meet specified consumer privacy and data security standards to keep this information safe, and notify the customer within 30 days of a breach.
The National Credit Union Administration late Thursday announced it placed New Bethel FCU, Portsmouth, Va., into conservatorship.
When asked "debit or credit," young consumers would be more inclined to say "debit" if a rewards program was attached to the action, according to recent research from Mercator Advisory Group.
Initial claims for unemployment dropped by 34,000 to 262,000 during the week ending April 25, the lowest number of jobless claims since the turn of the century.
For alleged bank fraud and embezzlement, two individuals were banned by the National Credit Union Administration from participating in the affairs of federally insured financial institutions.
Credit unions stand ready to advance economic improvements for their members, CUNA President/CEO Jim Nussle told members of the U.S. House in a letter sent Wednesday.
Up-to-date information on cybersecurity and deterring cybercrime will be the topic of a just-announced webinar from the National Credit Union Administration, scheduled for May 20.
Although the Consumer Financial Protection Bureau is not expected to take up consumer protection policy issues associated with overdraft programs until later this year, the bureau has taken action against a large Alabama-based bank for violating federal rules prohibiting charging overdraft fees to consumers who have not opted in to overdraft protection programs.