WASHINGTON (4/15/15, UPDATED 5:34 p.m. ET)--CUNA has agreed to join credit unions and other financial institutions nationwide as a plaintiff in a class action lawsuit against The Home Depot following the merchant's massive data breach in September 2014.
WASHINGTON (4/15/15, UPDATED 8:05 a.m. ET)--The Wall Street Journal has reported that MasterCard is about to announce a settlement in its case against Target to recover costs card issuers suffered due to a massive data breach of the retailer's systems.
You know reason has left the house when banking trade associations oppose a state relief measure, one which would certainly help some of their members, solely to block credit unions from having the same relief. Jim Nussle said Friday that it is "hard to believe" bankers in New York would shoot their members in the foot by giving into a "knee-jerk reaction" against credit unions.
Common narratives from the banking industry about credit unions fall "woefully short of facts," writes Mike Schenk, CUNA vice president of economics and statistics, in this month's Credit Union Magazine>.
This week, the National Credit Union Administration released a National Credit Union Share Insurance Fund (NCUSIF) Improvements White Paper suggesting changes to the operation and structure of the NCUSIF.
A recent Washington Post article outlined a disturbing trend in financial services: Firms that charge exorbitant fees to repair a struggling consumer's credit history when free and low-cost alternatives are available.