news.cuna.org/articles/108406-inside-washington

Inside Washington

November 12, 2015

ALEXANDRIA, Va. (11/12/15)--The National Credit Union Administration has released a video recording of its Oct. 15 board meeting. The agenda featured approval of the final risk-based capital rule, as well as a decision to delegate community charter decisions to the Office of Consumer Protection; a proposal on bank note maturities; and an update on the share insurance fund. Videos will remain posted on the NCUA website for one year…

WASHINGTON (11/12/15)--Federal authorities have indicted three individuals for what is described as one of the largest thefts of financial-related data in history (Crain's New York Business Nov. 11). Charges in the indictment include computer hacking, conspiracy to commit computer hacking, securities fraud and conspiracy to commit securities fraud. The data theft took place during the summer of 2014 and, according to the article, involved the names, addresses, emails and phone numbers of more than 83 million customers of JPMorgan Chase & Co. The authorities said the indicted individuals used about 200 fake identity documents, including bogus passports purportedly issued by the United States and at least 16 other countries. The alleged criminals laundered proceeds through shell companies and bank and brokerage accounts worldwide. U.S. Attorney Preet Bharara noted at a press conference that complex cybercrimes often go unsolved, with the trail to the alleged criminals going cold. He said he believes the "narrative" was changed in this "game-changing" case…