Straight to The Point: August 3, 2018

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star3 The NCUA board of directors unanimously approved five items, including a one-year delay to the proposed risk-based capital rule – NCUA

star3 The New York Credit Union Association and the American Institute for Economic Research will host a complimentary webinar Aug. 16 at 11 a.m. that will provide an overview of the current economic conditions in the U.S. and New York – NYCUA

star3 Credit union organizations can now apply for a ‘Bite of Reality’ App Grant from the National Foundation through Aug. 31. The Foundation is looking to distribute up to $50,000 in grant funds to credit union organizations as part of this effort National Foundation

star3 One of the country’s largest grocers has reportedly put Visa on notice over its fees, and credit unions and other card issuers should take notice, said one industry pro CU Times

star3 The Senate has voted in favor of several pieces of legislation that include provisions backed by credit unions, including provisions on CDFI Fund and service to military bases CUToday

star3 Ten years after faulty mortgages upended the global financial system, Wells Fargo & Co. agreed to pay $2 billion to settle a U.S. probe into its creation and sale of loans that contributed to the disaster Bloomberg

star3 Verifying identities continues to be a tricky proposition for banks as cybercriminals diversify and increase their attacks—especially when it comes to wire transactions American Banker

star3 Reddit.com disclosed that a data breach exposed some internal data, as well as email addresses and passwords for some Reddit users, indicating that relying on mobile text messages for two-factor authentication can lull companies and end users into a false sense of securityKrebsOnSecurity

star3 The blog discusses cyber mortgage fraud continuing to surge, the NCUA board meeting and what the New York Mets can teach you how not to manage your business New York’s State of Mind

 

 

 

 

 

 

 

 

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