Inconsistent data security standards need to be addressed before a solution to merchant data breaches can be achieved, CUNA said in a Wednesday letter submitted for the record of a House Financial Services subcommittee hearing on protecting Americans' financial information.
Quarterly U.S. Map Review
, prepared by National Credit Union Administration's Office of the Chief Economist, shows the state and regional trends that comprised the agency's recently released 2013 call report data.
CUNA made sure that every lawmaker on Capitol Hill got this message Wednesday: America's credit unions spend millions of dollars--without skipping a beat--to protect consumers from merchant data breaches by re-issuing cards, monitoring accounts and reimbursing customers for fraud.
The number of federally insured credit unions filing late call reports declined by two-thirds in the fourth quarter of 2013 from the year prior. However, hundreds still filed late or made corrections beyond the Jan. 24 deadline, the National Credit Union Administration reported Wednesday.
article highlights how credit unions are helping members save for big expenses through savings clubs.
Credit unions once again shone by a comparison of their service to consumers, this time in a
magazine article that discussed the virtues and challenges of the Obama administration's new MyRA retirement account and how it compares with traditional Roth IRAs. CUNA Chief Economist Bill Hampel was extensively quoted describing the lower-cost retirement account services available at credit unions.
A Washington-based credit union is about to take the next step in its community-focused fight against poverty.
The economy continues to grow at a "modest to moderate" with improved conditions in eight of the 12 Federal Reserve Districts, according to the Fed's Beige Book commentary released Wednesday.