CISA and other domestic and international agencies published a joint Cybersecurity Advisory to highlight a People’s Republic of China state-sponsored actor, also known as Volt Typhoon, that is working to compromise networks and conduct malicious activity.
CUNA Senior Economist Dawit Kebede said the Labor Department’s May Employment Situation shows hiring much higher than the consensus expectation, signaling a stronger labor market. The report also revised up job gains in the prior two months by 93,000, bringing the three-month average job growth to 283,000.
NCUA and other federal financial regulators issued a proposed rule regarding Automated Valuation Models (AVMs) Thursday, part of several efforts announced by the Biden administration to address racial bias in home valuations.
The CFPB will accept applications to its Credit Union Advisory Council and other advisory committees July 3 through 16. The CUAC advises the CFPB on regulating consumer financial products or services via the unique perspective of credit unions.
NCUA is designating June as Minority Depository Institution Awareness Month to enhance the public’s understanding of the vital work minority depository institution credit unions perform in underserved communities nationwide.
CUNA’s latest webinar on the FedNow service will take place June 13, and will cover planning for FedNow service. The webinar is free to CUNA members and features Joni Hopkins, vice president of customer relations at the Chicago Federal Reserve.
Congress is expected to vote this week on the debt ceiling deal reached over the weekend that would suspend the debt ceiling until Jan. 1, 2025. The legislation contains several implications for credit unions, including rescinding unspent funds from the Treasury’s Emergency Capital Investment Program.
NCUA’s proposed field of membership changes would reduce unnecessary burdens and increase efficiency in the FOM application process, CUNA wrote to the agency Tuesday. adding the proposed changes would help credit unions deliver necessary financial services to more consumers.
Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.