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iNews Nowsi Top 10 stories for April
News Now’s Top 10 stories for April MADISON, Wis. (5/3/11)--An article about how credit unions would serve their members during a possible federal shutdown was the top News Now story in April, with articles about debit interchange issues dominating the rest of the top 10. 10. Interchange delay bill: Co-sponsor list growing WASHINGTON (4/4/11)--The ranks of House interchange delay supporters grew to 64 late last week, and support for an examination of interchange fee cap legislation is growing as the July 21 effective date comes ever nearer. 9. Frank’s call for interchange delay ‘significant,’ says CUNA. WASHINGTON (4/6/11)--Rep. Barney Frank's comments in support of a delay of the Federal Reserve's debit card interchange fee rule are "extremely welcome and helpful," said CUNA Senior Vice President of Legislative Affairs John Magill, and their importance "cannot be overstated." 8. Five cost-effective ways to thwart robberies INDIANAPOLIS (4/7/11)--The lingering recession has some individuals looking for new ways to make money, and a few venture down the wrong path, taking desperate measures such as robbing credit unions and banks. 7. Texans CU, Vensure FCU placed into conservatorship ALEXANDRIA, Va. (4/18/11)--The National Credit Union Administration (NCUA) on Friday placed Mesa, Ariz.'s Vensure FCU and Texans CU of Richardson, Texas, into conservatorship. 6. CUNA plans national interchange teleconference WASHINGTON (4/11/11)--Interchange continues to be the issue of the moment for many credit unions, and the Credit Union National Association (CUNA) will give credit unions the latest developments on the interchange issue plus guidance on how to mobilize their members during an April 13 national teleconference. 5. NCUA makes key changes to final corporate CU rule ALEXANDRIA, Va. (4/22/11)--The National Credit Union Administration (NCUA) on Thursday approved a final corporate credit union rule that alters some corporate internal control and reporting requirements, but made some key changes from its original proposal. 4. Banks still hide fees from consumers, says U.S.PIRG WASHINGTON (4/21/11)--Banks are still hiding their fees from consumers, even the fees mandated by the Truth in Savings Act, says a new study by U.S. Public Interest Research Group (U.S. PIRG). That's why one of the study's key recommendations is to “bank at a credit union, not a bank.” 3. PULSE: Issuers expect 73% drop in interchange revenue HOUSTON (4/27/11)--Small debit card issuers such as credit unions and community banks on average expect a 73% decrease in debit interchange revenue as a result of pending interchange fee rules, according to the 2011 Debit Issuer Study commissioned by PULSE, an electronic funds network. 2. Compliance: Credit reporting changes coming WASHINGTON (4/14/11)--The July implementation deadline for many portions of the Dodd-Frank Act is approaching, and many credit unions still have questions regarding how the new Dodd-Frank rules will impact their practices. 1. Federal shutdown: CUs stand ready to assist members. MADISON, Wis. (4/8/11)--Credit unions nationwide are preparing to serve members with urgent financial needs in the event of a federal government shutdown at midnight ET today.


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