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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
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News Now

Washington
Inside Washington (08/22/2011)
* ALEXANDRIA, Va. (8/23/11)--As noted Friday in the Credit Union National Association’s News Now LiveWire Twitter feed, the National Credit Union Administration issued revised guidance to credit unions explaining the impact on credit unions of the Standard and Poor’s downgrade of long-term, U.S. debt. The new guidance clarifies how examiners assign risk weights to government securities held by credit unions, and specifically notes that the agency assigns a zero risk weight to U.S. Treasury securities held by corporate credit unions Sign up for News Now LiveWire here… * WASHINGTON (8/23/11)--The Consumer Financial Protection Bureau (CFPB) is developing a working relationship with state attorneys general (AGs). In April, the CFPB and state AGs released a joint statement of principles to coordinate investigations and identify mutual enforcement priorities (American Banker Aug. 22). Richard Cordray, the Obama administration’s nomination to be the CFPB’s first director, is a former Ohio attorney general. Observers say Cordray was an aggressive AG who pursued mortgage servicers for their foreclosure practices before “robo-signing” was a national issue. The first indication of a partnership between the CFBP and state AGs was the bureau’s involvement in the mortgage-servicer-settlement negotiations. Critics say the CFPB and Elizabeth Warren, who organized the bureau, improperly influenced the negotiations. The bureau has claimed that it provided advice only upon request …


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News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
1 Day ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
14 hours ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
16 hours ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
16 hours ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
17 hours ago