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BofA Add-Ons Spur $459M Restitution Order

CU Times - Wed, 04/09/2014 - 6:22pm
The OCC and CFPB nail Bank of America for billing credit card customers for identity theft protection that wasn't delivered.
Categories: Credit Union News

McKenna Clarifies NCUA Position on Supplemental Capital

CU Times - Wed, 04/09/2014 - 6:06pm
The NCUA's general counsel explains why the agency can't add supplemental capital access to its risk-based rule.
Categories: Credit Union News

FDIC Reports Small Bank Ranks Shrinking

CU Times - Wed, 04/09/2014 - 2:29pm
Community bank lobby says report shows strengths as well as impacts of economic and regulatory headwinds.
Categories: Credit Union News

IRS Concedes on UBIT

CU Times - Wed, 04/09/2014 - 2:02pm
Industry organizations tell credit unions door is open for seeking refunds after 15-year fight with feds.
Categories: Credit Union News

Fraud and Payment Channels: Onsite Coverage

CU Times - Wed, 04/09/2014 - 1:02pm
ORLANDO, Fla. — It was good news and bad news from bookend panels on Wednesday at the NACHA Payments 2014 conference.
Categories: Credit Union News

Insuritas’ Insurance Tech Makes Finovate Cut

CU Times - Wed, 04/09/2014 - 12:37pm
Solution allows consumer research without leaving financial institution's website.
Categories: Credit Union News

Alabama Credit Union Act Updates Benefit Boards

CU Times - Wed, 04/09/2014 - 12:17pm
Law allows some board compensation, limits board liability and lowers some operating fees.
Categories: Credit Union News

SAC FCU Opens $25M HQ

CU Times - Wed, 04/09/2014 - 8:11am
Open design encourages member engagement and fosters employee wellness.
Categories: Credit Union News

Same Day ACH Here and Abroad: Onsite Coverage

CU Times - Wed, 04/09/2014 - 7:33am
ORLANDO, Fla. — Real-time payment settlement is already happening. Just not in the United States.
Categories: Credit Union News

Mobile Wallets and Payments: Onsite Coverage

CU Times - Wed, 04/09/2014 - 7:16am
ORLANDO, Fla. — Is now the time for mobile payments? Or is this still a big myth?
Categories: Credit Union News

SEC Approves Advisers’ Use of Social Media Reviews

CU Times - Wed, 04/09/2014 - 7:04am
Regulators give OK as long as both positive and negative comments are included.
Categories: Credit Union News

NCUA testifies sup capital could be considered as part of RBC discussions

CUNA News Now - Wed, 04/09/2014 - 4:37am
Lawmakers' expressed interest in the National Credit Union Administration's risk-based capital proposal, as heard during a Tuesday House Financial Services Committee hearing, is a "terrific development," CUNA President/CEO Bill Cheney said.2014-04-09T00:00:00-05:002014-04-09T09:37:34Z
Categories: Credit Union News

McKenna argues NCUA's actions spell clarity, relief for CUs

CUNA News Now - Wed, 04/09/2014 - 4:37am
Representatives from federal financial regulatory agencies at Tuesday's House Financial Services Committee hearing on regulatory burdens agreed with Rep. Gregory Meeks' (D-N.Y.) assertion that one-size-fits-all regulations are bad for institutions and consumers.2014-04-09T00:00:00-05:002014-04-09T09:37:34Z
Categories: Credit Union News

Interactive ATMs: Smaller footprint, wider reach

CUNA News Now - Wed, 04/09/2014 - 4:37am
Two recent newspaper articles describe how credit unions are among the financial institutions using interactive tellers to reach wider range of consumers with fewer resources, including less physical space.2014-04-09T00:00:00-05:002014-04-09T09:37:34Z
Categories: Credit Union News

ABC News consumer advocate taps CU's 'Project Money'

CUNA News Now - Wed, 04/09/2014 - 4:37am
A savings competition coordinated by a Wisconsin-based credit union was pegged this week by an ABC News consumer correspondent as a great example of how consumers can achieve their savings goals.2014-04-09T00:00:00-05:002014-04-09T09:37:34Z
Categories: Credit Union News

Utah experiences consistent growth across loan lines

CUNA News Now - Wed, 04/09/2014 - 4:37am
Utah credit unions reported 16.5% growth in loan originations during 2013, more than double the national credit union average of 6.2% for the year, according to the Utah Credit Union Association.2014-04-09T00:00:00-05:002014-04-09T09:37:34Z
Categories: Credit Union News

Leahy delays Senate committee vote on patent reform bill

CUNA News Now - Wed, 04/09/2014 - 4:37am
The Senate Judiciary Committee sent out notice Tuesday to postpone its scheduled 2:30 p.m. (ET) markup of a patent reform bill known as the Patent Transparency and Improvements Act (S. 1720).2014-04-09T00:00:00-05:002014-04-09T09:37:34Z
Categories: Credit Union News

Reality fairs fun, effective fin ed efforts

CUNA News Now - Wed, 04/09/2014 - 4:37am
Interactive reality fairs are not only effective ways to introduce financial education to students, they also are great ways for credit unions to get media coverage for their financial education efforts, especially during National Financial Literacy Month.2014-04-09T00:00:00-05:002014-04-09T09:37:34Z
Categories: Credit Union News

Ga CUs saved members $124 million in 2013

CUNA News Now - Wed, 04/09/2014 - 4:37am
With the help of lower loan rates, higher saving rates and lower fees, members of Georgia credit unions chopped $124 million off of what they would have paid had they purchased these services from banks in 2013.2014-04-09T00:00:00-05:002014-04-09T09:37:34Z
Categories: Credit Union News

NEW: NCUA testifies supplemental capital could be considered as part of RBC plan

CUNA News Now - Wed, 04/09/2014 - 12:31am
WASHINGTON (4/8/14, UPDATED 1:34 p.m. ET)--The National Credit Union Administration could consider allowing credit unions greater access to supplemental capital as it finalizes proposed risk-based capital regulations, NCUA General Counsel Mike McKenna said this morning2014-04-08T00:00:00-05:002014-04-09T05:31:34Z
Categories: Credit Union News

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