News Now

October 20, 2014

Inside Washington (10/20/14)

Washington

WASHINGTON (10 20 14) Rep. Blaine Luetkemeyer (R Mo.), along with 33 Republican representatives, wrote to the U.S Department of Justice Inspector General to request an "immediate investigation" into Operation Choke Point. Citing a House Oversight

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CUNA Attorneys Conference kicks off today

Washington
More than 120 credit union attorneys will be present at this year's CUNA Attorneys Conference, which is going on through Wednesday. ReadMore

Rendell Jones to succeed Woodson as CFO at NCUA

Washington
Rendell Jones has been named the new chief financial officer of the National Credit Union Administration, the agency announced Friday. ReadMore

OFAC consolidates all non-SDN sanctions lists

Washington
With the goal of making is easier to comply with its regulations, the U.S. Treasury's Office of Foreign Assets Control is offering all of its non-Specialty Designated Nationals lists in one consolidated data list. ReadMore

Half of merchant terminals EMV-ready by end of 2015, says PST

Washington
At least 47% of merchant terminals in the United States will be enabled with EMV chip technology by the end of 2015, according to the Payments Security Task Force. ReadMore

CUNA applauds Obama's exec order for greater data security

Washington
As the number data breaches and the accompanying costs for financial institutions and consumers continue to rise, President Barack Obama issued an executive order Friday aimed at improving the security of consumer financial transactions. ReadMore

Consumer confidence surges to 7-year high

Market
Despite expectations for a decline, consumer confidence gained a sizable 1.8 points in October, according to a preliminary monthly reading of the University of Michigan's consumer sentiment survey, released Friday. ReadMore

Business Rates

Market

Get daily financial rates for the last five business days, including Treasury Yield Curve, Treasury Bills, Prime Rate, Federal Funds, Freddie Mac and Fannie Mae 30-day commitments, LIBOR, and 90-day Commercial Paper.

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Consumer Rates

Market

Daily rates from Informa Research Services for deposit, consumer loan, mortgage, credit card, and indirect auto loan products.

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America's CU Museum leader passes the torch

CU System
Credit union leaders last week celebrated the leadership of Peggy Powell, who is retiring after serving 15 years as executive director of America's Credit Union Museum, based in Manchester, N.H., on the site of the nation's first credit union. ReadMore

CU System briefs (10/20/14)

CU System

PHILADELPHIA (10 20 14) Opportunity Finance Network (OFN) awarded the 2014 Ned Gramlich Award for Responsible Finance to Bill Bynum, president CEO, of Jackson, Miss. based HOPE Enterprise Corp. and HOPE FCU, with

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Save for Retirement Week time to evaluate goals

CU System
National Save for Retirement Week kicked off Sunday, marking an excellent opportunity for many to think about and develop personal retirement goals, or perhaps more importantly, to find out how close those goals are to being achieved. ReadMore

Spanish-immersion fin. lit. program reaches 20 families

CU System
In its ongoing campaign to ramp up financial literacy in its Hispanic community, Grandville, Mich.-based First United CU hosted a free seminar recently conducted entirely in Spanish. ReadMore

U.S. Ebola cases reminder for CUs of pandemic prep: Agility

CU System
Given how seriously the United States is taking the presence of Ebola in this country, it seems unlikely that a widespread outbreak of the deadly disease could manifest itself at a large scale. That said, the sensational nature of the disease does serve as a reminder about the importance of preparing for the threat of pandemics of all kinds, such as the flu or other more common viruses. ReadMore

Money: CUNA's Schenk talks interest rates, inflation

CU System
Mike Schenk, CUNA vice president of economics and statistics, discussed the current state of interest rates in an article that appeared online in Money magazine, part of the Time Inc. network. ReadMore

Full JetStream staff certified as community development fin. counselors

CU System
To serve its membership at every touch point--and meet its own expectations for what it means to be a certified financial development financial institution--JetStream FCU has become one of the few credit unions nationwide to certify its entire staff in the Community Development Certified Financial Counseling training program--certified by the National Cooperative Business Association. ReadMore

Wegner winner Hall an unsung hero of fin. lit., civil rights

CU System
Clarence Hall Jr. may not be a household name in the credit union movement, but the work that he has done for financial literacy and civil rights is a legacy that is being recognized by the National Credit Union Foundation. ReadMore

Easy money: Take advantage of 401(k)

Consumer
Long gone are the days of traditional pensions. With many companies offering 401(k) plans, how successful you are in saving for retirement is up to you. ReadMore

Love My CU Rewards adds ADT to discount list

Products
CU Solutions Group's Love My Credit Union Rewards program is expanding its ADT credit union member discount nationwide. ReadMore
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