ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » As faithful readers of the blog know, when I start with a sentence reporting the latest data breach uncovered by Krebsonsecurity, it means that a massive number of credit and debit cards have once again been stolen by hackers. According to the website, a popular underground store selling credit and debit cards is offering to sell more than 5.3 million new accounts belonging to cardholders from 35 states. It now appears that this treasure trove of information was stolen from the Hy-Vee Supermarket chain, which apparently has hundreds of stores in the Midwest.On August 14, the company announced that because it “takes the security of payment card data very seriously,” it wanted to make its customers aware of an investigation it was conducting into a “security incident” that focused on payments made at affiliated gas stations, restaurants, and supermarkets.Since the supermarket chain is based in the Midwest, hopefully this will not impact your members; it does, however, give me the opportunity to once again point out obvious points that so many of our policy makers refuse to acknowledge or act on.
Elder financial exploitation and elder fraud are rising at an alarming rate and continue to be serious crimes in the United States. With no signs of dissipating, it is just a matter of time before an incident happens in your customer base, if it has not happened already.While each state defines elder financial exploitation a bit differently, in general, it is when someone illegally or improperly uses or steals a vulnerable senior’s or disabled person’s money or property. These crimes can result in significant loss of financial resources for the victims and often greatly impact their quality of life.An increase in financial crime and fraud against the elderly is expected to continue to climb as the baby boom population (those born before 1964) age. According to the National Council on Aging, this heartless crime is most likely under-reported due to the victims’ fear, shame and embarrassment. NCOA estimates the cost of elder financial abuse to older Americans up to $36.5 billion annually.A recent American Bankers Association Foundation research study found that older Americans hold 70% of the deposited wealth in the United States. What’s now being referred to as the “Age Wave,” 10,000 baby boomers are turning 65 every day until 2030, creating an even larger pool of potential victims for fraudsters and scammers. These crimes can be a financial nightmare for seniors, leaving some destitute and despondent. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
CUInsight Publisher & CEO Lauren Culp is joined by Todd Clark, President & CEO of CO-OP Financial Services for a quick interview with just 3 questions…(0:30) What is your company doing to support credit unions and their members during the COVID-19 crisis?(3:39) How do you think that COVID-19 might affect credit unions and the way that we do business in the long-term?(8:57) What tips do you have for staying sane during trying times?You can learn more about CO-OP Financial Services’ response to the COVID-19 crisis here. 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Lauren Culp Lauren Culp is the Publisher & CEO at CUInsight.com.She leads the growing team at CUInsight, works with organizations serving credit unions to maximize their brand and exposure, connects … Web: https://www.cuinsight.com Details
On October 20, 2020 the Consumer Financial Protection Bureau (CFPB) finalized a rule extending the expiration date of certain “temporary” qualified mortgages (QM) also called the government sponsored entity (GSE) patch. This type of QM had a sunset date of January 10, 2021. Rather than extend this deadline to a specific date, this rule is effective until the bureau finalizes additional changes to the ATR/QM rule, or when the GSEs exit conservatorship, whichever occurs first.As background, the Dodd-Frank Act and section 1026.43 of Regulation Z require credit unions to make a reasonable, good faith determination that a borrower has the ability to repay (ATR) any consumer credit transaction that is secured by a dwelling, with some exceptions (e.g. home equity lines of credit). This involves consideration of eight specific underwriting factors. If a loan meets certain criteria, it is a QM and is considered to be in compliance with the ATR requirements. Currently, there are four types of QMs in the regulation:General QM, where the debt-to-income ratio is capped at 43%;Small creditor portfolio QM;Small creditor balloon-payment QM; andTemporary QM, which must be eligible to be purchased by Fannie Mae or Freddie Mac (the GSE patch)Note – a fifth category of QM was added by statute in 2018 and has not been implemented into the regulation. This post is currently collecting data… This is placeholder text continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
This is placeholder text continue reading » This post is currently collecting data… ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr In this video, Linda Hill discusses several paradoxes that exist having to do with innovation, including fostering the need to experiment and discover while still meeting deadlines. Hill is the Wallace Brett Donham professor of business administration at Harvard Business School and the co-author of Collective Genius: The Art and Practice of Leading Innovation. The video is republished with permission from SarderTV.
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Filmmakers unearthed previously unreported information about the unsolved Long Island Serial Killer case in The Killing Season, a new documentary series—and its creators hope it will help advance the ongoing investigation.The documentarians tracked down one of the victim’s boyfriends, who gave a rare interview shedding new light on one aspect of the case. And while weeding through internet speculation, they found evidence that someone using a local law enforcement agency’s computer posted online the identity of a sworn officer that the user suggested was the killer.“A lot of this wasn’t necessarily to find the killer, but to weed away the speculation,” said Josh Zeman, who teamed up with fellow documentarian Rachel Mills in the series. “Why was there so much speculation? Because there was so little transparency from law enforcement. And the one time we need transparency from law enforcement is when there’s a serial killer on the loose.”The series’ debut comes less than a month before the sixth anniversary of police discovering the first of 10 sets of human remains along Ocean Parkway in Gilgo Beach and neighboring beaches. Police have identified six of the victims, who were found to be sex workers, but have neither made any arrests nor officially named a suspect. Police also do not believe Shannan Gilbert, who authorities were looking for when they found the remains, was murdered, although her family disagrees.The case was also recently subject of the two-hour series debut of the new Investigation Discovery series People Magazine Investigates, which revisits high-profile unsolved crimes nationwide, although that show simply rehashed the facts of the LISK case for a national audience without any new revelations.In The Killing Season, besides interviewing the victims’ loved ones and local journalists—including this reporter—filmmakers rely heavily on members of Websleuths, an online community of amateur detectives dedicated to helping police solve mysteries. The series also explores parallels between the LISK case and the so-called Eastbound Strangler, who killed four sex workers in Atlantic City, as well as other unsolved serial murder cases nationwide. LISK is featured prominently in the first, second and eighth episodes.“They are connected, just not in the way we might all think,” said Zeman.The series explores how police agencies routinely fail to share information with one another, as evident by the notoriously under-utilized Violent Criminal Apprehension Program (ViCAP), an FBI database designed to help catch America’s most violent offenders. Or, more specifically to the case at hand, how disgraced Suffolk Police Chief James Burke, who was recently sentenced to federal prison for corruption, refused to let the FBI help solve the Gilgo case.Such revelations may be eye-opening to viewers accustomed the fact that investigators have warrantless access to private citizen’s personal information, buttressing the widespread belief that crimes can be solved in a half hour like on TV.“There are more broken systems at play than people ever knew,” Mills said. “It’s extremely fractured. And I feel like most of us are completely unaware of that fact.”The eight-episode season of Killing Season debuts with back-to-back episodes 9 p.m. Saturday on A&E.
“Babies are more likely to have complications such as pneumonia which can result in hospitalization and even death,” said Reome-Nedlick. Clinics like the one at Mothers and Babies look to reduce that risk. “Just introducing something as simple as touching a grocery cart they can be exposed to the flu virus,” she said. The Health Department telling 12 News that this can lead to serious complications and even death in infants. That’s why Mothers and Babies Perinatal Network is partnering with Lourdes Hospital to offer flu shot clinics, the first one taking place today. “By protecting yourself against the flu and avoiding getting the flu yourself you won’t be able to pass it on to other people in the community,” Reome-Nedlick said. “For a kid who’s a six month old and was just born they don’t have that immunity to fight off the virus,” said Nicole Shipos, Clinical Nurse Leader at Southern Tier Occupational Health. “We’ve seen a rise of the flu becoming more prevalent here in the Southern Tier and decided this would be a good opportunity to help protect as much of the public as we can,” said Mothers and Babies Office Manager Dawn Wesko. “Us getting the flu shot can prevent the transmission to somebody who is more susceptible to the disease,” she said. BINGHAMTON (WBNG) — Broome County Health Department officials say it’s not too late to get a flu shot. “Even though we’re almost in February it’s still a good time to get your flu vaccine,” said Broome County Public Health Representative Chelsea Reome-Nedlick. “Flu is still circulating widely in Broome County and New York State,” she said. Shipos says simple things like trips to the grocery store are enough to put little ones at risk. If you don’t get the flu shot to protect yourself, officials say do it to protect others who may be more vulnerable. Health care professionals say babies are particularly vulnerable when it comes to getting the flu. The second clinic will be held at Mothers and Babies Perinatal Network Headquarters 457 State Street in Binghamton.
VESTAL (WBNG) – Vestal senior Emilia Cappellett won’t be able to finish her senior year at Vestal in person. “It was heartbreaking, I still don’t think it hit me yet,” said Cappellett. Family and friends watched in person and over the computer as Emilia signed her national letter of intent to play soccer at Elon University. Then, the team captain and four-year varsity starter was greeted with a birthday parade. Capping off a truly special 18th birthday and signing day. “It’s amazing. I couldn’t be more thankful for my friends and family,” said Cappellett. “She’s always had the fire, she’s always put everything out there and I knew by her senior year she could go anywhere she wanted,” said Vestal soccer coach Gina Baldwin. “I saw the signs from up the street and had to pull over. I was like, what the heck is happening,” said Cappellett. So, her dad made sure to give her a special send-off. On the day of her 18th birthday, Emilia was given a surprise signing right in her front yard. “It feels great that I am committed to such a great program and I am so excited for the next four,” said Cappellett. “Like” Jacob Seus on Facebook and “Follow” him on Twitter. “This is once in a lifetime and when I look back on this, it definitely sticks out.”
WINDSOR (WBNG) — The Food Bank of the Southern Tier held a food distribution operation in Windsor Friday morning. Windsor Central High School provided the venue for the operation. For the first time residents in windsor got food from the Nourish NY program, this includes fresh dairy and fresh produce. This is the second time the highschool has hosted a Food Bank Distribution operation. “To be able to have our staff volunteer here and to be able to give back in some way and being able to host and help out with the distribution is a great opportunity for us and it brings us great joy.” said Jason Andrews the Superintendant of Schools in Windsor. Officials from the highschool said they’re fortunate to be apart of a supportive community. The operation was contactless, drivers were asked to remain in their cars, keep their windows rolled up and pop the trunk. Volunteers would then load boxes into their trunk. More than 500 families pre-registered to get meals to go. The schools food service department has now served 75,000 meals to children in their area, todays operation they say is an example of the need not only in windsor, but across broome county and the southern tier.