Catalyst Corporate Preparing to Launch Lockbox Service

Catalyst Corporate Federal Credit Union is taking steps to offer credit unions a secure and affordable alternative for processing lockbox payments, one that includes the ability to securely view all lockbox activity, images and reports online.

Legal Briefs

Your weekly update on the regulatory landscape.

Significant Credit Card Security Breach Uncovered

Visa and MasterCard notified card-issuing credit unions and banks last week of a massive data breach involving Global Payments Inc., a third-party payment processor that Visa has already removed from its list of “compliant service providers.”

Significant Credit Card Security Breach Uncovered

Visa and MasterCard are notifying card-issuing credit unions and banks of a possible massive data breach involving Atlanta-based Global Payments Inc., a third-party payment processor.

Legal Briefs

Your weekly update on the regulatory landscape.

Person-to-Person Payment Service Provides Security, Convenience While Keeping Credit Unions in the Transaction

Harland Clarke offers DPXPayâ„¢, a secure person-to-person payment service allowing credit unions to easily send and receive money.

Industrial CU Teams With Filene to Pilot LIFT Program

Industrial Credit Union in Bellingham, Wash., is one of five credit unions piloting a program in conjunction with the Filene Research Institute to study auto loans held by members with low credit scores.

Disclosure Requirements for ‘Skip-a-Payment’ Programs

Many credit unions offer “skip-a-payment” programs to their members, particularly during the holiday season, but credit unions should be aware of the various disclosure requirements related to these programs.

Compliance Question of the Week

What happens to Social Security benefits if the member goes to prison?

NCUA Addresses Garnishment of Accounts with Federal Benefits

The NCUA has offered guidance to help credit unions comply with a joint interim final rule that addresses garnishment of accounts that include federal benefits payments.

Legal Briefs

Your update on the regulatory landscape.

Treasury’s Federal Benefit Payments Clearing House Plan Open for Comment

Treasury is seeking comment on a revised proposal that would allow federal benefit payments to be made through the Automated Clearing House directly to prepaid debit card accounts.