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Updated: 37 min 39 sec ago

5-part video series on CDFI certification released by NCUA

Mon, 03/23/2015 - 4:15am
A new five-part video series from the National Credit Union Administration aims to provide valuable information for credit unions interested in becoming certified as Community Development Financial Institutions.2015-03-23T00:00:00-05:002015-03-23T09:16:07Z
Categories: Credit Union News

Nussle: CUs still wait for over $30M lost from Target breach

Fri, 03/20/2015 - 5:07am
Despite Thursday's announcement by Target of a $10 million settlement for a consumer class-action lawsuit related to its 2013 data breach, credit unions are still waiting to be reimbursed for the nearly $30 million of costs they incurred in response to the breach.2015-03-20T00:00:00-05:002015-03-20T10:07:35Z
Categories: Credit Union News

NCUA proposes to jettison 5% fixed-assets cap

Fri, 03/20/2015 - 5:07am
A reissued proposed rule from the National Credit Union Administration would see the removal of the 5% aggregate limit on fixed assets.2015-03-20T00:00:00-05:002015-03-20T10:07:35Z
Categories: Credit Union News

CFPB consumer complaint portal could spread harmful inaccuracies: CUNA

Fri, 03/20/2015 - 5:07am
A final policy from the Consumer Financial Protection Bureau will allow consumers to make their complaints against financial companies public, but could lead to harmful inaccuracies, CUNA believes.2015-03-20T00:00:00-05:002015-03-20T10:07:35Z
Categories: Credit Union News

CUNA, trades support Senate Choke Point provision

Fri, 03/20/2015 - 5:07am
CUNA has joined with other financial services trade organizations to support an amendment to the U.S. Senate budget resolution that would end the U.S. Department of Justice's Operation Choke Point. The amendment was approved by the U.S. Senate Finance Committee Thursday by a 13-9 vote.2015-03-20T00:00:00-05:002015-03-20T10:07:35Z
Categories: Credit Union News

No CU refund likely until stabilization fund winds down in 2021

Fri, 03/20/2015 - 5:07am
No credit union refunds from the Temporary Corporate Credit Union Stabilization Fund are likely to be forthcoming until the fund expires in 2021, National Credit Union Administration staff said Thursday.2015-03-20T00:00:00-05:002015-03-20T10:07:35Z
Categories: Credit Union News

Prize-linked savings legislation sees state action

Fri, 03/20/2015 - 5:07am
A number of state legislatures have credit union-backed prize-linked savings bills making their way through various house and senate bodies this week.2015-03-20T00:00:00-05:002015-03-20T10:07:35Z
Categories: Credit Union News

Patent troll bill passes Fla House committee

Fri, 03/20/2015 - 5:07am
With the support of the League of Southeastern Credit Unions, the Florida House Civil Justice Committee unanimously passed HB 1103, the Patent Troll Prevention Act Tuesday.2015-03-20T00:00:00-05:002015-03-20T10:07:35Z
Categories: Credit Union News

HFSC leaders invite strong relief bills: CUNA testifies

Thu, 03/19/2015 - 5:04am
The top legislators on the U.S. House Financial Services Committee said they both would welcome regulatory relief legislation for community financial institutions during a hearing Wednesday.2015-03-19T00:00:00-05:002015-03-19T10:04:37Z
Categories: Credit Union News

Royce unveils measure with MBL cap relief

Thu, 03/19/2015 - 5:04am
Rep. Ed Royce (R-Calif.) reintroduced the CUNA-supported Credit Union Residential Loan Parity Act Wednesday (H.R. 1422).2015-03-19T00:00:00-05:002015-03-19T10:04:37Z
Categories: Credit Union News

Senate bill 'strong' step toward improving federal exam process

Thu, 03/19/2015 - 5:04am
Sens. Jerry Moran (R-Kan.) and Joe Manchin (D-W. Va.) Wednesday reintroduced a bill (S. 774) intended to enhance safety and soundness by increasing the consistency and fairness of the regulatory examination system.2015-03-19T00:00:00-05:002015-03-19T10:04:37Z
Categories: Credit Union News

Leagues reflect on GAC experiences: Part 2

Thu, 03/19/2015 - 5:04am
Advocacy is a critical element of the CUNA Governmental Affairs Conference. Attendees continue to provide details on discussions held with lawmakers during the 2015 GAC.2015-03-19T00:00:00-05:002015-03-19T10:04:37Z
Categories: Credit Union News

Grassley urges Congress to act 'decisively' to combat patent abuse

Thu, 03/19/2015 - 5:04am
Sen. Chuck Grassley (R-Iowa) said he agreed with the sentiments of credit unions, among others, when it comes to passing meaningful legislation to deter abusive patent demand letters in a hearing Wednesday.2015-03-19T00:00:00-05:002015-03-19T10:04:37Z
Categories: Credit Union News

FOMC loses its 'patience'

Thu, 03/19/2015 - 5:04am
The first round of rate hikes won't arrive in April, the Federal Open Market Committee said in its policy statement Wednesday, but it may still soon be on its way.2015-03-19T00:00:00-05:002015-03-19T10:04:37Z
Categories: Credit Union News

Op-ed makes case for Fla CUs as public depositories

Thu, 03/19/2015 - 5:04am
In a recent opinion piece on FloridaPolitics.com , columnist Peter Schorsch tears down arguments made by the Florida Bankers Association recently promoting rejection of a bill that would allow credit unions to accept deposits from public sources.2015-03-19T00:00:00-05:002015-03-19T10:04:37Z
Categories: Credit Union News

Fixed-assets flexibility, stabilization fund report on NCUA's menu today

Thu, 03/19/2015 - 5:04am
The National Credit Union Administration holds its March meeting this morning and is expected to consider putting a new fixed-assets proposal out for comment. The board also will receive an update on the Temporary Corporate Credit Union Stabilization Fund.2015-03-19T00:00:00-05:002015-03-19T10:04:37Z
Categories: Credit Union News

NEW: Fed removes 'patient' from policy statement

Thu, 03/19/2015 - 1:04am
WASHINGTON (3/18/15, UPDATED 2:25 p.m. ET)--The Federal Open Market Committee (FOMC) has not yet seen enough out of the economy to raise short-term interest rates, but, perhaps signaling a forthcoming rate hike, dropped the word "patient" from the policy statement released at the conclusion of its two-day meeting today.2015-03-18T00:00:00-05:002015-03-19T06:04:16Z
Categories: Credit Union News

NEW: Royce introduces 2015 CU Residential Loan Parity Act

Thu, 03/19/2015 - 1:04am
WASHINGTON (3/18/15, UPDATED 12:24 p.m.)--Rep. Ed Royce (R-Calif.) reintroduced the CUNA-supported Credit Union Residential Loan Parity Act today.2015-03-18T00:00:00-05:002015-03-19T06:04:16Z
Categories: Credit Union News

NEW: CUNA welcomes Senate exam fairness bills

Wed, 03/18/2015 - 2:02pm
WASHINGTON (3/18/15, UPDATED 2:10 p.m. ET)--Sens. Jerry Moran (R-Kan.) and Joe Manchin (D-W. Va.) reintroduced a bill (S. 774 ) intended to enhance safety and soundness by increasing the consistency and fairness of the regulatory examination system today.2015-03-18T00:00:00-05:002015-03-18T19:02:43Z
Categories: Credit Union News

Congress's action needed to help end rule burden: CUNA to testify

Wed, 03/18/2015 - 5:01am
Congress must tell regulators to stop piling regulations on top of the already crushing burden credit unions shoulder, and to stop treating the financial cooperatives as if they created the financial crisis or contributed to it.2015-03-18T00:00:00-05:002015-03-18T10:01:48Z
Categories: Credit Union News

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