By now, card fraud was supposed to be a thing of the past what with the introduction of EMV, tokenization, advanced fraud detection, and other technologies. But for various reasons, progress has been slow.
The House voted Thursday in favor of an appropriations bill that contains several major victories for credit unions. It does not place NCUA under the appropriations process, and makes significant changes to the CFPB.
The House approved by voice vote Wednesday an amendment removing language placing NCUA under the appropriations process from H.R. 3354, a major victory for CUNA, leagues and credit unions who advocated strongly in support of the amendment.