On Wednesday, the California Consumer Privacy Act (CCPA) goes into effect. Cal. Civ. Code §1798.198. Even though the law will go into effect and its legal requirements will be in place, the actual regulatory [...]
Banks and credit unions begin collecting personal financial data from the time they first sign up consumers. From there the accumulation builds exponentially, creating a mountain of data that fintechs drool over. Yet, a survey [...]
As the year (and the decade!) draws to a close, we like to take a step back to recall all the great content from 2019. Some of our best content comes from The CUInsight Community [...]
Although language is fluid, accepted modern colloquialisms along with recent additions to the English dictionary is a reminder of the adage: “just because we can does not mean we should.” In no particular order, these [...]
When checks were first introduced, experts predicted it was the death of cash. Then came along credit cards, and once again, cash was expected to fizzle out. Then came debit cards, and, unsurprisingly, experts unanimously [...]
It’s hard to believe how fast another year has flown by! Here we are, on the verge of 2020. As Christmas is now over, and New Year’s is just around the corner, we’[...]
Last week, convenience store chain Wawa announced that more than 850 of its stores had been impacted by malware that exposed customers' debit and credit card information since March. It has not released how many [...]
Most credit unions have heard about ransomware attacks, but few have experienced them, says Ray Murphy, chief information security officer at LEO Cyber Security, Dallas. “The criminals are now exploiting schools, healthcare—including hospitals and [...]
For the first time, the number of ACH debit transfers has exceeded the number of check payments, according to a new Federal Reserve study. The data, released this month, showed that there were 16.6 [...]
2020 has arrived and with it, fittingly, plenty of predictions and forecasts for “seeing” what’s ahead. CUToday.info has assembled abridged versions of previous reporting on what might be expected across the full spectrum [...]
As we enter a new year (and a new decade), now is the perfect time to reflect on where you're at in your career. Where do you want to be short-term and long-term? How do [...]
The Rochdale Society of Equitable Pioneers. The Shore Porters Society. Fenwick Weavers’ Society. These and other 19th-century proto-cooperatives were the forerunners of today’s credit union (CU) community. Early innovators managed cooperatives using the same [...]
Happy post-Christmas Friday to the ten of us who are back to work and reviewing RESPA kickback rules together. The compliance team often receives questions from credit unions about how to cooperate with real estate [...]
Helping members become more financially secure is one of the most rewarding things that credit unions do. As we continue our look at the best from 2019, today we’ll take a look at 5 [...]
As the year draws to a close, we’re headed into a new decade that promises opportunities and challenges for both financial institutions and consumers. As you wrap up end-of-year reporting and prepare for the [...]
