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Updated: 23 min 2 sec ago

Sen Collins taps Maine league for elder fin abuse advice

Mon, 02/02/2015 - 5:09am
For years, the Maine Credit Union League has led the fight against elder abuse, especially on the front of financial abuse, and that work has recently made the organization a key resource for a national lawmaker.2015-02-02T00:00:00-06:002015-02-02T11:09:55Z
Categories: Credit Union News

Same-day ACH, CFPB advisory board comment deadlines this month

Mon, 02/02/2015 - 5:09am
Comments on a same-day automated clearinghouse proposal are due in February, as well as applications for consumer advisory boards and councils at the Consumer Financial Protection Bureau.2015-02-02T00:00:00-06:002015-02-02T11:09:55Z
Categories: Credit Union News

Consumer confidence soars to highest level since 2004

Mon, 02/02/2015 - 5:09am
Consumer confidence improved markedly in January, as the University of Michigan's consumer sentiment index jumped 4.5 points for the month to an 11-year high of 98.1, according to the final reading for the month.2015-02-02T00:00:00-06:002015-02-02T11:09:55Z
Categories: Credit Union News

Minn league supporting CFPB's 'Your Money, Your Goals'

Mon, 02/02/2015 - 5:09am
The Minnesota Credit Union Network is part of a team of organizations that have come together to help promote the Consumer Financial Protection Bureau's "Your Money, Your Goals: A Financial Empowerment Toolkit for Social Services Programs."2015-02-02T00:00:00-06:002015-02-02T11:09:55Z
Categories: Credit Union News

American Bakery Workers' shares assumed by TruMark

Mon, 02/02/2015 - 5:09am
Philadelphia-based American Bakery Workers FCU, with $4.9 million in assets, has been liquidated by the National Credit Union Administration, the agency announced Friday.2015-02-02T00:00:00-06:002015-02-02T11:09:55Z
Categories: Credit Union News

CUs face 'perfect storm' of tech changes in 2015

Fri, 01/30/2015 - 4:50am
A sea of forces--investment, innovation and competition--could expand what credit unions, and other financial institutions, will spend on technology in 2015, according to a new report on technology expectations.2015-01-30T00:00:00-06:002015-01-30T10:50:14Z
Categories: Credit Union News

CFPB proposes broader 'small creditor,' 'rural' area definitions

Fri, 01/30/2015 - 4:50am
The Consumer Financial Protection Bureau Thursday proposed a broader definition of "small" credit union and bank, as well as an expanded designation for what comprises a "rural" area. CUNA strongly backs easing the regulatory burden of the bureau's mortgage rules on credit unions through the expanded definitions.2015-01-30T00:00:00-06:002015-01-30T10:50:14Z
Categories: Credit Union News

Capitol visits raise CU awareness at state level

Fri, 01/30/2015 - 4:50am
Credit union leaders from three Midwestern states traveled to their state capitols this week to advocate for key issues on the local level.2015-01-30T00:00:00-06:002015-01-30T10:50:14Z
Categories: Credit Union News

Ohio, Ga video: Merchants not watching your wallet

Fri, 01/30/2015 - 4:50am
Across the state, Ohioans on YouTube and Facebook are hearing the demand for merchants to protect their personal information. In a campaign demanding that merchants be held to the same data security standards for protecting consumers' personal financial information as financial institutions, the Ohio Credit Union League is taking the message straight to consumers via a humorous video.2015-01-30T00:00:00-06:002015-01-30T10:50:14Z
Categories: Credit Union News

Mortgage rates failing to propel housing recovery

Fri, 01/30/2015 - 4:50am
The Federal Housing Finance Agency reported Thursday that the national average contract mortgage rate in December fell to 3.98% from 4% the prior month--yet another index to report that interest rates have dropped below 4%.2015-01-30T00:00:00-06:002015-01-30T10:50:14Z
Categories: Credit Union News

NCUA to hold session on opportunities in underserved markets

Fri, 01/30/2015 - 4:50am
Credit unions can sign up to learn about opportunities that exist within underserved markets. The National Credit Union Administration is offering a Feb. 18 webinar, which will launch at 2 p.m. (ET).2015-01-30T00:00:00-06:002015-01-30T10:50:14Z
Categories: Credit Union News

CUNA seeks answers from NCUA on IOLTA bill questions

Thu, 01/29/2015 - 4:45am
The passage of the Credit Union Share Insurance Fund Parity Act has raised a number of questions from credit unions about its potential applications, questions summarized by CUNA in a letter to the National Credit Union Administration Wednesday.2015-01-29T00:00:00-06:002015-01-29T10:45:43Z
Categories: Credit Union News

New privacy notice bill introduced with CUNA support

Thu, 01/29/2015 - 4:45am
A bill that would change annual privacy notice requirements for certain financial institutions was introduced Wednesday by Reps. Blaine Luetkemeyer (R-Mo.) and Brad Sherman (D-Calif.).2015-01-29T00:00:00-06:002015-01-29T10:45:43Z
Categories: Credit Union News

NY league ready to press for data security with AG's bill

Thu, 01/29/2015 - 4:45am
The New York Credit Union Association is closely following a proposed overhaul of the state's data security law that could hold companies to new standards in protecting consumers' personal data.2015-01-29T00:00:00-06:002015-01-29T10:45:43Z
Categories: Credit Union News

CUs, members share breach stories with media

Thu, 01/29/2015 - 4:45am
Data breaches may not always occur at massive retailers such as Target or Home Depot, but that doesn't dampen the serious effect all breaches have on financial institutions and consumers.2015-01-29T00:00:00-06:002015-01-29T10:45:43Z
Categories: Credit Union News

CUNA, trades outline principles to Congress for combating 'patent trolls'

Thu, 01/29/2015 - 4:45am
The U.S. Congress must act to combat abusive patent demand letters, and a letter from financial trade associations--including CUNA--sets out the principles needed to take action against "patent trolls."2015-01-29T00:00:00-06:002015-01-29T10:45:43Z
Categories: Credit Union News

Apple Pay interest booming at CUs, Western Union joins

Thu, 01/29/2015 - 4:45am
With Apple Pay accounting for two out of every three dollars processed through contactless payment systems, Apple CEO Tim Cook said Tuesday he is "more confident than ever 2015 will be the year of Apple Pay."2015-01-29T00:00:00-06:002015-01-29T10:45:43Z
Categories: Credit Union News

FOMC still in holding pattern on Fed funds rate

Thu, 01/29/2015 - 4:45am
Given the opposing forces of a strengthening job market and weakening inflation, the Federal Open Market Committee Wednesday made no substantial changes to forward guidance on when it will raise short-term interest rates from their near-zero levels.2015-01-29T00:00:00-06:002015-01-29T10:45:43Z
Categories: Credit Union News

NEW: Fed standing pat on rate hike

Thu, 01/29/2015 - 12:45am
WASHINGTON (1/28/15, UPDATED 2:25 p.m. ET)--While economists still widely expect the Federal Reserve to hike short-term interest rates this summer, the Federal Open Market Committee's policy statement, released today, gave few hints as to when that first rate hike will actually happen.2015-01-28T00:00:00-06:002015-01-29T06:45:12Z
Categories: Credit Union News

Legislators say statutes must ensure merchants protect consumers' info

Wed, 01/28/2015 - 4:40am
A stable law to ensure merchants are appropriately protecting consumers is needed, said Rep. Gus Bilirakis (R-Fla.) in a subcommittee hearing Tuesday on elements of potential data breach legislation.2015-01-28T00:00:00-06:002015-01-28T10:40:39Z
Categories: Credit Union News

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