Equifax to pay $700M for 2017 breach
The CFPB, Federal Trade Commission and 48 states, the District of Columbia and Puerto Rico yesterday announced a $700 million settlement with Equifax related to its 2017 data breach that ...
The latest from John Pettit
Good Governance: Being chair is more challenging than you think
When we work with credit union boards, and in particular with chairs, we’ll often start by asking the provocative question, “Should boards manage?” Immediately the resounding response, of course, ...
Will Congress use marijuana banking legislation to outlaw Obama-era initiative?
Senate Banking Chairman Mike Crapo (R-Id.) on Tuesday appeared to link legislation allowing marijuana banking to a proposal to outlaw an Obama Administration initiative that he said allowed banks and ...
The credit union data analytics journey: 4 steps to success
Data analytics is no longer available only to massive technology corporations and big banks. In fact, with access to enough data, even smaller credit unions can join the fun. With ...
Fake Out: Synthetic identity fraud is the new hit on financial institutions
Within the U.S. payments system, tenacity is turning into the new central narrative. No longer are fraudsters satisfied by assuming another person’s identity – they are now focused on ...
Collecting cannabusiness deposits in The Evergreen State
Recent estimates by Barclays suggest the U.S. cannabis market — were it legal today — would be worth nearly $30 billion in annual sales and primed to grow by an additional $...
Credit unions buying banks: Good, bad, or plain ugly
Eight times so far this year a credit union has bought a bank, according to Credit Union Times’ count. Some deals are small – Verve for instance paid $43 million to ...
5 habits that put financial marketers into strategic roles
When a new marketing officer took over at a large community bank, she fit right in on the institution’s retail side, but she couldn’t get any traction with ...