Compliance

De novo charters hit a slowdown with 57% of newly chartered credit unions since 1990 currently described as inactive.

Financial institutions across the country are in the final stages of readying for the same-day processing of electronic payments, which are scheduled to begin on Sept. 23.

The recent security incident involving Oracle POS systems demonstrates once again that no system is immune to security breaches.

Diebold Nixdorf’s shiny new corporate moniker is already threatened by a possible deep investigation by U.K. authorities into the company’s possible anti-competitive violations.

One week after the Federal Reserve Board launched a Facebook page, social media experts are faulting its approach as high-handed and tone-deaf, raising questions about what the central bank was trying to accomplish and about its commitment to social media.

Monday marks the end of the comment period for the heavily debated arbitration agreement proposal from the Consumer Financial Protection Bureau, and both CU trade associations are urging the agency to utilize its ability to exempt credit unions.

The promise of faster EMV technology is a welcome reprieve for many ISOs who have grown weary of listening to merchants gripe about the snail's pace of chip card transactions. That reprieve, however, may not be so quick in coming.

With all the innovation and momentum around consumer wallets and payments, payment security is a huge concern to banks, merchants, issuers, payment networks and any new wallet provider.

Credit Unions are generally less likely to use or enforce arbitration clauses, but many institutions still include them as part of membership agreements.

The Consumer Financial Protection Bureau has appointed eight new credit union representatives to its Credit Union Advisory Council.