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NCUA Board Meeting Summary

Oct
19
NCUA Board Meeting Summary

The National Credit Union Administration (NCUA) Board met briefly on October 18, 2012,  to issue a proposal to extend the period that eligible credit unions have to accept the low-income designation, receive a report on the National Credit Union Share Insurance and Corporate Credit Union Stabilization Funds, and approve a community charter conversion.  Below is  the summary with a few more details of the meeting.

Posted By Sharon Bahr read more

Fed Evaluates CFPB's Consumer Response Unit

Oct
16
Fed Evaluates CFPB's Consumer Response Unit

The Federal Reserve Board’s Office of the Inspector General (OIG) recently released its Evaluation of the CFPB’s Consumer Response Unit.

Posted By Sharon Bahr read more

CFPB Updates Its Consumer Complaint Database

Oct
15
CFPB Updates Its Consumer Complaint Database

The Consumer Financial Protection Bureau (CFPB) published new information on its blog regarding the consumer complaint database.  The latest snapshot of complaints received, details complaints from July 21, 2011 through September 30, 2012 on credit card issues.  During this time frame, the CFPB received approximately 79,20

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MCUA Comments on CFPB's Mortgage Servicing Proposed Rules

Oct
15
MCUA Comments on CFPB's Mortgage Servicing Proposed Rules

The Missouri Credit Union Association (MCUA) submitted two separate formal comment letters on the CFPB’s mortgage servicing proposed rules.  In our letters, we urged the Bureau to consider that many of the proposal requirements are outside of the statutory requirements under the Dodd-Frank Act.  We also urged the Bureau to exempt credit unions from several provisions within the proposed rules, where possible. &

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Missouri Credit Union Association Names Two State Credit Union Champions

Oct
15
Missouri Credit Union Association Names Two State Credit Union Champions

The Missouri Credit Union Association has named two candidates for Missouri State Representative as Credit Union Champions:  Jon Carpenter and Michael Frame.

Posted By Amy McLard read more

Missouri CUs Endorse Congressman Wm. Lacy Clay as CU Champion

Oct
12
Missouri CUs Endorse Congressman Wm. Lacy Clay as CU Champion

U.S. Representative William Lacy Clay (D-District 1) was recognized as a Credit Union Champion during a meeting with credit union leaders on October 11. 

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Cleaver Discusses Credit Union Concerns

Oct
12
Cleaver Discusses Credit Union Concerns

Congressman Emanuel Cleaver II (D-District 5) met with credit union leaders in Kansas City for an in-district meeting on October 9.  The group discussed member business lending, credit union tax status and regulatory burdens facing financial institutions with Congressman Cleaver, who serves on the House Financial Services Committee.

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MCUA Comments on ACH P2P Payments Proposal

Oct
11
MCUA Comments on ACH P2P Payments Proposal

Last week, Missouri Credit Union Association (MCUA) submitted a comment letter to NACHA – The Electronic Payments Association regarding its person-to-person payments (P2P) proposal.  Click here to read MCUA's letter.

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Matz & NCUA Answer Questions During Agency Webinar

Oct
11
Matz & NCUA Answer Questions During Agency Webinar

National Credit Union Administration (NCUA) Board Chairman Matz and senior NCUA staff held a webinar on Thursday, October 4, 2012,  on the state of the credit union industry and key regulatory issues pending at the agency.

In response to a question regarding low-income designation letters NCUA recently sent to eligible credit unions, staff stated that:

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Central Chapter Hosts Inaugural Legislative Reception

Oct
11
Central Chapter Hosts Inaugural Legislative Reception

The Central Chapter of Credit Unions hosted 2012 election candidates Michael Wood (R) and Phyllis Domann (D) during its inaugural Legislative Reception on Wednesday, October 10 at Bones Restaurant.  This was a unique opportunity for credit union and MCUA staff to meet with the candidates in a relaxed environment and discuss topics important to the credit union movement.

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