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EMV stands for Europay, MasterCard, and Visa, the developers of global standards for integrated circuit cards (IC cards or “chip cards”). Credit cards that use EMV technology have an embedded microprocessor chip instead of a magnetic stripe. While magnetic stripes store credit card numbers and expiration dates that can be used to make counterfeit cards, EMV-enabled cards encrypt transaction data differently each time the card is used.
House Bill 1290 by Rep. Kevin Roberts (R-Houston) was heard in the State Affairs Committee on Wednesday.
Tarrant County’s Credit Union is on a mission to help with Renaissance Heights United, a revitalization project in Fort Worth. Renaissance Heights United is a network member of Purpose Built Communities, a nonprofit consulting firm that works side by side with local leaders to plan and implement revitalization efforts to break the intergenerational cycle of poverty.
Carvana, a leading e-commerce platform for buying used cars, and Randolph-Brooks Federal Credit Union (RBFCU), a Texas-based credit union with over $7.5 billion in assets, have announced a partnership to provide RBFCU members with a simple, affordable, and convenient car-buying solution.
To help kick-off National Financial Literacy Month, the National Credit Union Foundation is hosting Twitter chats for credit unions on Wednesday, April 5, at 3 p.m. (CT). The Foundation invites credit unions to discuss their financial education activities during the chat.
The Consumer Financial Protection Bureau on Thursday took action against Experian and its subsidiaries for deceiving consumers about the use of credit scores it sold to consumers. Experian claimed the credit scores it marketed and provided to consumers were used by lenders to make credit decisions. According to the CFPB, lenders did not use Experian’s scores to make those decisions. The CFPB ordered Experian to truthfully represent how its credit scores are used. Experian must also pay a civil penalty of $3 million.
The Filene Research Institute invites credit union industry leaders to attend a research colloquium tied to each of five Centers of Excellence. Located throughout the country, these day-long events explore in-depth issues affecting credit unions and consumer finance.
The Cornerstone Credit Union League HR Council sponsors HR Roundtables across the Cornerstone region. These roundtables are a way to network with your peers and share best practices. Your next opportunity to participate in an HR Roundtable is in Oklahoma City on March 30.
Serving as a director of a credit union is not a spectator sport. Directors are responsible for the general direction and control of their credit union, and failure to adhere to appropriate governance and ethical standards can result in removal, litigation, fines, and criminal penalties.
When it comes to customer due diligence, are you prepared? Join attorney Mark Kazemba as he examines rules and regulations for the compliance professional. The seminar, 2017 Compliance: Key Developments and Issues, will be presented in Dallas on April 27.
Now in its 21st year, San Antonio-based Randolph-Brooks Federal Credit Union hosted its annual Bowl-a-Thon benefiting children's hospitals. The event was also held in the Dallas area where Cornerstone Credit Union League staff were on hand to join in the fun for a great cause in support of Children's Medical Center Plano. RBFCU raised a grand total of more than $6,000.
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