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FTC Staff Report on Mobile Privacy Disclosures

Feb
11

The Federal Trade Commission (FTC) recently released a staff report entitled, “Mobile Privacy Disclosures: Building Trust Through Transparency” and a related new business guide for mobile developers.  The staff report recommends ways that participants in the mobile marketplace can better inform consumers about their mobile privacy.

Posted By Sharon Bahr read more

U.S. Rep. Ann Wagner Meets Credit Union Leaders in Second District

Feb
04

 

 

 

 

 

 

Just four weeks after being officially sworn into office, Congresswoman Ann Wagner (R-District 2) met with credit union representatives from her district.  Fifteen credit union leaders met with Wagner at First Community Credit Union in Chesterfield on January 31.

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NCUA Loans Available to Low-Income Designated Credit Unions

Feb
04

The National Credit Union Association (NCUA) is making $9.5 million in loans available to low-income designated credit unions from the Community Development Revolving Loan Fund (CDRLF). These loans are administered by NCUA’s Office of Small Credit Union Initiatives (OSCUI) and meant to assist low-income credit unions in providing services to their members.

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Credit Card Interchange Update

Feb
04

New payment network rules that allow retailers to assess “check out” fees or surcharges on credit card purchases took effect in many states on January 27, 2013. Visa and MasterCard rules previously prohibited merchants from charging surcharges on credit card purchases. The charges can be up to 4% and are imposed at the merchant level on credit card transactions.

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Beware: Cyberattacks Update

Feb
04

For the past several months, some large financial institutions have been subject to cyberattacks and a number of credit unions have also been impacted in recent weeks.  These attacks are intended to disrupt financial institution websites and operations, and include distributed denial of service (DDoS) attacks, which involve directing a very high volume of traffic to disrupt websites. DDoS attacks do not involve data breach or hacking of a website’s content.

Posted By Sharon Bahr read more

CUNA: Compliance Relief Needed on CFPB Remittance Rule

Feb
04

The Credit Union National Association (CUNA) sent another comment letter  to the Consumer Financial Protection Bureau (CFPB) asking the agency to provide a broader international remittance transfer exemption level and additional compliance relief for credit unions.

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FHLBanks Offer to Work with NCUA on Emergency Liquidity Issues

Feb
04

The presidents of all of the Federal Home Loan Banks have written to the National Credit Union Administration (NCUA) in support of the use of the FHLBanks as a source of emergency liquidity for credit unions. In July 2012, NCUA issued a proposal that addresses emergency liquidity requirements for federally insured credit unions. The proposal would require credit unions with assets of $100 million or more to have access to a backup federal liquidity source for emergencies.

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NCUA Letter Says the Agency Is Addressing DoRs

Feb
04

Credit Union National Association (CUNA) has been urging the National Credit Union Administration (NCUA) to improve the examination process and provide more information to credit unions about its examination priorities and practices. Consistent with previous years, the agency has sent Letter 13-CU-01 to the board and chief executive officers of all federally insured credit unions regarding its supervisory focus for 2013.

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Missouri U.S. Reps Serve on Financial Services & Small Business Committee

Jan
29

As the 113th Congress begins, four out of Missouri’s eight U.S.

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Missouri Credit Unions Support National Credit Union House

Jan
25

Six credit unions across the state supported Credit Union House in Washington, D.C. in 2012.  Credit Union House serves as a coordination center on Capitol Hill for credit unions and credit union groups visiting our nation’s leaders.  It is owned collectively by credit union state trade associations across the country, including the Missouri Credit Union Association. 

Posted By Halley Hayden read more

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