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Top 10 INews NowI stories for February
MADISON, Wis. (3/2/10)--The Credit Card Accountability, Responsibility and Disclosures Act, member business lending, fraud and the “Move Your Money” campaign topped News Now's Top 10 Stories for February. Here are last month’s top stories: 10. CUNA ire on administration’s plan noted in American Banker WASHINGTON (2/9/10)--The Credit Union National Association's ire on behalf of credit unions when a recent Obama administration plan proposed to funnel $30 billion into community banks for business lending--but do nothing for credit unions--was highlighted in Monday's "People" section of American Banker. 9. Compliance: CUNA answers CARD Act credit concerns WASHINGTON (2/16/10)--In this month's Compliance Challenge, the Credit Union National Association addresses whether the Federal Reserve's recent Regulation Z final rule, which covers provisions of the Credit Card Accountability, Responsibility and Disclosure Act of 2009 that become effective on Feb. 22, contain any exceptions for share-secured credit card accounts with regard to determining an underage consumer's "ability to pay." 8. Fed to clarify rules under Regs E, DD WASHINGTON (2/22/10)--The Federal Reserve on Friday released a series of proposals that would clarify the portions of Regulation E, Electronic Fund Transfers, and Regulation DD, Truth in Savings, that address overdraft services. 7. Regulators reveal hot exam topics for 2010 WASHINGTON (2/24/10)--Staff from the National Credit Union Administration and two state-level financial regulators revealed some of the hottest exam topics that they will focus on this year—including indirect lending and risk concentration, which NCUA will soon provide guidance on in Letters to Credit Unions. 6. CUNA analyzes CARD Act rule for CUs WASHINGTON (2/2/10)--A comprehensive breakdown of the Federal Reserve Board's recently published final rules that restrict a number of credit card practices has been posted to the Credit Union National Association's website. 5. CNNMoney.com says to ‘Take this bank and shove it’ NEW YORK (2/12/10)--Angry consumers' big-bank bashing over bailouts, bonuses, and nickel-and-diming continues in the media, with credit unions singled out as a haven from fees. In "Take this bank and shove it," CNNMoney.com discusses consumers’ disenchantment with banks and highlights several people who switched from banks to credit unions. 4. Tax refund fraud is among latest scams WASHINGTON (2/18/10)--Credit unions should warn members that tax-filing season brings out tax-preparation frauds. The latest scheme involves tax refunds transmitted as a direct deposit or automated clearing house credit. 3. Problem CUs continue to be an NCUA focus ALEXANDRIA, Va. (2/1/10)--National Credit Union Administration Chairman Debbie Matz Friday expressed concern at the agency's open board meeting about the high number of CAMEL 3, 4, and 5 credit unions and the percentage of insured shares that they represent. 2. CUs outraged over biz lending snub by administration WASHINGTON (2/3/10)--Credit unions are outraged, baffled and feeling "snubbed" by the Obama administration's proposal to funnel $30 billion into smaller banks for business lending--but do nothing for credit unions, Credit Union National Association President/CEO Dan Mica said Tuesday. 1. CUNA compiles FAQ on CARD Act queries WASHINGTON (2/22/10)--As promised, the Credit Union National Association on Friday posted a list of frequently asked questions related to the Credit Card Accountability, Responsibility and Disclosure Act of 2009, which becomes fully effective today.


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