Financial Services Groups Urge Support for Cyber Security Bill01/15/2014The letter was signed by NAFCU, the American Bankers Association, Clearing House, Consumer Bankers Association, Credit Union National Association, Electronic Funds Transfer Association, Financial Services, Financial Services Roundtable, Independent Community Bankers Association, Investment Company Institute, NACHA-The Electronic Payments Association; and the Securities Industry and Financial Markets Association.
Lenders Fear Squeeze From Mortgage Rules01/14/2014The Credit Union National Association (CUNA) on Monday suggested that Congress take a closer look at any legal liabilities that could arise as financial institutions put the new rules into practice. Many credit unions have indicated they would not be able to comply with the regulations on time.
The Benefits of Joining a Credit Union01/13/2014According to the Credit Union National Association, more than 96 million Americans belong to a credit union. How do you know whether your should jump ship from your bank to join a credit union? It depends on a wide variety of factors, like convenience, technology, and your banking needs.
Youngest Adults Are Not the Top Users of Mobile Payments01/08/2014CUNA's mobile payment's survey shown on the the Money section front page of USA TODAY.
QM Rollout Brings No Risk, No Reward Mortgage Environment01/06/2014However, she added, "credit unions choosing to make non-QMs will need to take into account the potential new market and legal risks." NCUA examiners will be watching for credit risk, liquidity metrics and concentration when it comes to loans. The Credit Union National Association even urged NCUA examiners not to discourage non-QM loans when the mortgages meet applicable regulatory standards.
Credit Unions Fight Back Against Mandatory Stress Tests01/02/2014In October, the National Credit Union Administration, which charters and supervises federal credit unions, proposed a rule requiring federally insured credit unions with assets exceeding $10 billion to develop and maintain capital plans, and undergo annual stress tests. On New Year's Eve, the deadline for comments, the Credit Union National Association challenged the need for these requirements.