MADISON, Wis. (9/4/13)--An article about the resignation of Alloya Corporate FCU CEO Bill Walby was the most-read News Now
article in August. However, the ongoing court battle about the fate of the Federal Reserve's 2011 implementation of the Dodd-Frank debit interchange fee cap was also one of the month's hottest topics.
The top 10 articles for the month included:
10. CUNA 'Inside Exchange' Lays Out Case For Ending Corporate Fund Assessments
WASHINGTON (8/16/13)--The clear case for swiftly ending corporate credit union stabilization fund assessments is one of many topics touched on in the Credit Union National Association's latest Inside Exchange video.
9. CUNA: Court Interchange Ruling Could Devastate Small Issuers
WASHINGTON (8/1/13)--The Credit Union National Association Wednesday said that a U.S. District Court decision striking down the Federal Reserve's price caps on debit interchange fees will have "a potentially devastating impact on the ability of small debit card issuers, particularly credit unions, to continue offering this vital payments service to their members and customers."
8. Al George, 'Epitome Of Volunteerism,' Has Passed Away
SAN DIEGO, Calif. (8/29/13)--Al George, a former California Credit Union League and Credit Union National Association chairman, has passed away.
7. Fed Seeks Extended Stay In Interchange Case
WASHINGTON (8/27/13)--The Federal Reserve Board has filed a consent motion for a stay of U.S. District Court for the District of Columbia Judge Richard Leon's July 31 interchange decision, pending appeal.
6. Judge Fierce On Fed Interchange Rule
WASHINGTON (8/15/13)--Judge Richard Leon on Wednesday set a tight schedule for the Federal Reserve Board to revise its debit interchange cap rule, asking Fed attorneys to return to his court room within one week with the board's thoughts on issuing an interim final rule.
5. FBI Warns FIs Of Possible Sept. 11 Cyberthreat
WASHINGTON (8/15/13)--Credit unions are being warned about a possible cyberthreat to both U.S.- and foreign-based financial institutions in September, and the Credit Union National Association is encouraging credit unions to be on the alert.
4. Interchange: Next Steps Covered In CUNA 'Inside Exchange' Video
WASHINGTON (8/8/13)--Interchange, and the next steps for credit unions to expect as the result of a federal court ruling, is the subject of the latest episode of "Inside Exchange."
3. Fed to Appeal Interchange Ruling, Request Stay Extension
WASHINGTON (8/21/13)--Fed General Counsel Scott Alvarez today said the Federal Reserve Board plans to appeal a recent district court decision that turned the agency's debit interchange fee rule on its head and instructed the Fed to rewrite and/or revise regulations that require a cap on fees card issuers may charge merchants for their debit transaction services.
2. What CUs Need To Know About Wednesday's Interchange Developments
WASHINGTON (8/22/13)--Federal Reserve Board General Counsel Scott Alvarez on Wednesday said the Fed plans to appeal a recent district court decision that invalidated the agency's debit interchange fee rule. The U.S. District Court judge currently handling the case said that he would allow the status quo to be maintained for now.
1. Alloya Corporate CEO Walby Resigns, Effective Sept. 15
WARRENVILLE, Ill. (8/26/13)--Alloya Corporate FCU announced Monday that Bill Walby will resign as Alloya's CEO for personal reasons. His resignation is effective Sept. 15, 2013.