CUNA GENERAL COUNSEL AND EVP ERIC RICHARD ON NCUA LATEST LAWSUIT AGAINST BIG BANK TO RECOVER CORPORATE LOSSES12/23/2014On Tuesday, the National Credit Union Administration announced its latest legal action, this one against Well Fargo bank, alleging the bank has failed to fulfill its duties as trustee for 27 residential mortgage-backed securities trusts.
CUNA urges Department of Defense to exempt credit unions from MLA proposal12/23/2014CUNA filed a joint comment letter yesterday with African-American Credit Union Coalition (AACUC), Defense Credit Union Council (DCUC), National Association of Federal Credit Unions (NAFCU), and National Association of State Credit Union Supervisors (NASCUS) urging that the credit union system be exempt completely from the Department of Defense (DOD) proposal to change the Military Lending Act (MLA), which would place a 36% cap on the military annual percentage rate (APR) of interest for credit products, as well as other protections.
TIPS ADVISE CONSUMERS HOW TO AVOID BEING HACKED DURING HOLIDAYS12/22/2014To help consumers avoid fraud this holiday season, and every season, the Credit Union National Association (CUNA) released a list of helpful tips to keep their personal information out of the hands of criminals.
CUNA applauds President for signing IOLTA into law12/18/2014President Obama today signed H.R. 3468, Credit Union Share Insurance Fund Parity Act (IOLTA), into law.
CUNA appreciates NCUA’s continued pursuit of recoveries in mortgage securities12/17/2014National Credit Union Administration Board has filed a lawsuit against U.S. Bank and Bank of America over mortgage securities sold to corporate credit
CUNA appreciates NCUA’s continued pursuit of recoveries in mortgage securities(1)12/17/2014National Credit Union Administration Board has filed a lawsuit against U.S. Bank and Bank of America over mortgage securities sold to corporate credit unions (NCUA is suing in its capacity as trustees of the mortgage pools that backed the securities).
Jill Tomalin named Deputy Chief of Staff for Credit Union National Association12/17/2014Jill Tomalin has been promoted to Deputy Chief of Staff for the Credit Union National Association (CUNA).
CUNA President and CEO Jim Nussle on Tracie Kenyon Becoming AACUL Chairman12/17/2014CUNA President and CEO Jim Nussle released the following statement following Tracie Kenyon becoming AACUL Chairman.
CUNA deeply concerned by data breach12/16/2014Following Palm Springs FCU’s data breach due to an NCUA examiner losing a flash drive filled with member information, Eric Richard, General Counsel for CUNA, released the following statement:
CUNA Payments Roundtable to address fresh lineup of topics in 201512/16/2014In order to keep credit unions on pace with today's ever-changing payments arena, CUNA announced today that CUNA Payments Roundtable will address an entirely new set of credit union-specific payments topics in 2015.
CUNA-Backed Bill To Reduce Regulatory Burden Approved By Senate12/11/2014Today the Senate approved CUNA supported bill H.R. 3468, legislation that extends Share Insurance Coverage to Lawyer Trust Accounts (IOLTA).
RILA memo is a perverse and misguided interpretation of CUNA’s economic forecast12/11/2014In response to RILA, Dec. 11, memo ‘The Credit Union National Association Fears Improved Economy’
NCUA working groups “very significant development for two key areas”12/11/2014The National Credit Union Administration (NCUA) Chair Debbie Matz announced the formation of two working groups this morning at NCUA's open board meeting.
CUNA Lending Council and CUNA Mutual Group announce 2014 Excellence in Lending Award winners12/10/2014CUNA Lending Council and CUNA Mutual Group announced the winners of the 2014 Excellence in Lending Awards at the 20th annual CUNA Lending Council Conference. This year, four credit unions won awards for their outstanding consumer and business lending practices.
CUNA Lending Council Announces the Phil Greer Lifetime Achievement Award Winner12/10/2014The CUNA Lending Council presented the Phil Greer Lifetime Achievement Award at the 20th Annual CUNA Lending Council Conference, held November 2-5, in San Diego, CA.
COBURN ‘WRONG, UNIFORMED’ ABOUT CREDIT UNION TAX EXEMPTION12/09/2014In response to Sen. Tom Coburn’s (R-Okla.) “Tax Decoder” released today – which essentially calls for imposing new, unjustified taxes on credit unions by changing their tax status – Credit Union National Assn. (CUNA) President and CEO Jim Nussle issued the following statement.
CUNA's web-based training service launches enhancements12/08/2014Credit Union National Association (CUNA) announced that the upgrade to CUNA Professional Development Online (CPD Online) learning management system for its premier web-based credit union training service is live today. The enhancements include a new look and feel to the learning management system along with a number of new features for both students and managers.
CUNA Enterprise Risk Management for Directors & Executives12/05/2014CUNA, in collaboration with The Rochdale Group, Inc, announced today that registration is open for CUNA Enterprise Risk Management for Directors & Executives, which will take place April 19-22, 2015 in Chicago, IL.
Judge keeps Target case alive; credit unions still awaiting reimbursements from store chain – 1 year later12/04/2014Following a federal judge’s decision this week in which he declined to dismiss a lawsuit against Target stores over financial institution losses as a result of last year's massive data breach, the Credit Union National Association (CUNA) is reminding all that – almost exactly one year since the breach – credit unions have not received a single dollar from the store chain in reimbursements for the violation.
Dates announced for 2015 CUNA Marketing Management School in New Orleans12/04/2014CUNA announced today that registration is now open for CUNA Marketing Management School, May 31-June 5, 2015 in New Orleans, LA.