Fintech

The board of directors of the Wisconsin Credit Union League on Tuesday said it has signed a “Resolution of Interdependence” that affirms its commitment to dual membership in the league and CUNA.

Though lending is still where much of a CU’s income comes from, and CUs have seen 18 straight quarters of loan growth, CUs are seeing weaker profits, according to SNL Financial.

A group of attorneys general from eight states and the District of Columbia have jumped into the debate over PIN versus signature requirements for EMV cards, choosing the side of retailers.

Even before several leagues had come out in support of eliminating the dual membership requirement, CUNA was already contemplating significant changes to its structure, a memo obtained by Credit Union Journal reveals, despite the board having previously voted down such changes in September.

Industry advocates say Consumer Financial Protection Bureau curbs on arbitration will eliminate a favored legal option, but where's the evidence that banks really prefer arbitration?

The Carolinas CU League joins Michigan, New York and Ohio in support of allowing CUs to choose whether to belong to both CUNA and their respective state associations as the fissure between the national trade group and its affiliated state and regional leagues widens.

Apple is reportedly adding person-to-person payments to Apple Pay, based on technology from the bank-run clearXchange network. If this feature comes to market, it will face many competing systems that run on Apple's own handsets.

Directors vote unanimously to offer credit unions in North and South Carolina the option of joining the state league without joining CUNA.

MasterCard has made a series of changes to its executive slate, including the appointment of a chief information officer.

CHEYENNE, Wyo.—The boards of directors of Warren Federal Credit Union (WFCU) and Community Financial Credit Union (CFCU) announced that they plan to merge the two institutions.