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Credit Union NewsWatch

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August 12, 2013

Vital CU Tax Advocacy Efforts Gain Momentum, Attention

newswatch.jpgMembers of the U.S. Congress have left Washington for the August District Work Break and tax reform legislation is surely being discussed in home offices. That's one reason it is so important for credit unions to speak up at home and continue to tell their federal lawmakers "Don't Tax My Credit Union." (page 1)

CUNA, Coalition Prep for Interchange Rule Changes

CUNA and a coalition of finance industry representatives are charting a response strategy in the wake of a U.S. District Court decision striking down the Federal Reserve's price caps on debit interchange fees. (page 1)

CUs Could Miss Opportunity under Current Derivatives Plan

The NCUA's derivatives proposal, if left unchanged, would impose excessive requirements and high costs on participating credit unions, resulting in "a lost opportunity for credit unions to reduce risk in a similar manner allowed for banks," CUNA told the agency. (page 3)

Treasury Hears CU Cybersecurity Concerns

CUNA continues to emphasize that credit unions are already subject to robust data security requirements and standards, and should not be subject to additional regulations, and CUNA took these credit union concerns directly to the U.S. Treasury during a recent meeting. (page 7)

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