The Yonkers Postal Employees Credit Union (Yonkers CU) has been placed into conservatorship by the New York State Department of Financial Services (DFS), with the National Credit Union Administration (NCUA) appointed as conservator. The move was made to protect Yonkers CU members, and normal member...
Five Senate Democrats are sending a warning on Early Warning Services’ Zelle. In a letter addressed to the Federal Reserve, the FDIC, the National Credit Union Administration and the Office of the Comptroller of the Currency, the senators warned that Zelle’s “model has opened the...
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration, and the Office of the Comptroller of the Currency (the agencies), on Wednesday, July 6, issued a joint statement urging...
As COVID-19, the disease caused by the coronavirus, ravages the economy, and millions of Americans shelter in place to figure out their next financial moves amid layoffs and volatile markets, credit unions (CUs) have a role to play — particularly in the battle against fraudsters...
November 06, 2023
A growing number of consumers are interested in cryptocurrencies, and most know what they are. But the number of financial institutions ready to offer cryptocurrency services to their members or customers is shrinking. “The wild fluctuations in value that used to make [crypto] exciting have flattened out. But that has made it more attractive and […]
March 30, 2020
As COVID-19, the disease caused by the coronavirus, ravages the economy, and millions of Americans shelter in place to figure out their next financial moves amid layoffs and volatile markets,...
July 28, 2023
The Yonkers Postal Employees Credit Union (Yonkers CU) has been placed into conservatorship by the New York State Department of Financial Services (DFS), with the National Credit Union Administration (NCUA) appointed as conservator. The move was made to protect Yonkers CU members, and normal member services will continue with the NCUA overseeing the Yonkers, New […]
February 08, 2019
In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. are said to have been sent emails that appeared to...
March 15, 2018
The National Credit Union Administration’s (NCUA) defense of revisions to a field-of-membership rule isn’t sitting well with a federal judge — and that just might enable an American Bankers Association...
January 19, 2015
Three months after examiners from the National Credit Union Administration lost a thumb drive containing names and account numbers of a credit union’s members during an audit, the federal regulator...
