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Top 10 INews NowI stories for March (04/01/2010)
MADISON, Wis. (4/2/10)--An article about the 10 places consumers should not use their debit cards leads March’s top 10 list of News Now stories. Top stories include: 10. NCUA says ‘cease’ building plan to CU in S.D. ALEXANDRIA, Va. (3/4/10)--The National Credit Union Administration on Wednesday issued a cease and desist order against South Dakota-based Rapid City Telco FCU. 9. CUNA comment on corporates suggests new model WASHINGTON (3/10/10)--Credit Union National Association President/CEO Dan Mica in a comment letter to the National Credit Union Administration said that CUNA supports corporate credit unions but not the business model that many, but not all, used. 8. CUNA applauds NCUA on ‘legacy asset’ timetable ALEXANDRIA, Va. (3/24/10)--Credit Union National Association President/CEO Dan Mica yesterday commended the National Credit Union Administration’s projected timetable for solving the corporate credit union “legacy asset” issue. 7. Matz responds to CUNA urging to help CUs bear NCUSIF costs WASHINGTON (3/22/10)--Responding to the Credit Union National Association’s urging to help credit unions deal with unprecedented National Credit Union Share Insurance Fund costs, Debbie Matz wrote that the National Credit Union Administration will look at the operating level target in the fall. 6. Compliance Challenge: Can CUs give overdraft incentives? WASHINGTON (3/9/10)--In this month’s Compliance Challenge, the Credit Union National Association addresses a question regarding overdraft protection policies. 5. 42 charged in Fla. fraud ring, targeted CUs ORLANDO, Fla. (3/26/10)--Florida law enforcement authorities are looking for the ringleader of a fraud and identity theft ring involving 42 people who stole more than $200,000 from five Orlando area credit unions over three years. 4. Compliance: Answers to overdraft questions WASHINGTON (3/17/10)--The Credit Union National Association has added five questions to its “frequently asked questions” on Regulation E’s new overdraft rules requiring members to consent before being assessed fees on overdraft services for ATM and one-time debit card transactions. 3. CUNA Compliance: CUs need to review check-hold disclosures WASHINGTON (3/2/10)--As of Feb. 27, the Federal Reserve Board consolidated all its check-processing operations into Cleveland, Ohio. This action eliminates all “nonlocal checks” under Regulation CC, which implements the Expedited Funds Availability Act. 2. Three banned from CU work ALEXANDRIA, Va. (3/22/10)--The National Credit Union Administration issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. 1. lists 10 places not to use a debit card MADISON, Wis. (3/18/10)--There are 10 situations where consumers should keep their debit card in their wallet, according to Susan Tiffany, the Credit Union National Association’s director of consumer periodicals, provides some of the advice.


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