News Now

July 22, 2014

Retailers' suit against Visa, MasterCard allowed to proceed

Washington
U.S. District Judge John Gleeson declined to dismiss lawsuits filed by retailers against Visa and MasterCard last week. ReadMore

NCUA chair affirms likely areas of change for RBC rule

Washington
With three Listening Sessions on the books, the National Credit Union Administration affirmed Monday that its next steps will include incorporating comments from the more 400 participants who attended. The agency's risk-based capital proposal was the primary topic of discussion at the sessions, held in Los Angeles, Chicago and Alexandria, Va., but examinations, and the role of small credit unions were also addressed. ReadMore

House Fin. Serv. Committee to examine 4 years of Dodd-Frank

Washington
The House Financial Services Committee will conduct a hearing Wednesday to examine specific provisions and the cumulative impact of the Dodd-Frank Act. ReadMore

CFPB to accept prepaid card, nonbank product complaints

Washington
The Consumer Financial Protection Bureau will now accept consumer complaints involving reloadable cards and nonbank services it announced Monday. ReadMore

CUs rally for CU board member in today's Ga. runoff race

Washington
Mike Collins, Republican congressional candidate, trucking company owner and credit union board member, will attempt to take the next step toward November with a runoff election today. 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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Survey: Mortgage lenders look closer at DTI than credit score

Market
More than a high credit score or sizeable down payment, boasting a safe debt-to-income ratio best positions a consumer for success when applying for a mortgage, a FICO survey has found. ReadMore

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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Kids coached to financial field goals at Bayport CU

CU System
Grasping personal finance concepts isn't easy, or a lot of fun for most people, but football is almost second-nature to Americans. Bayport CU, with $1.3 billion in assets, Newport News, Va., recently used the game as a tool to teach school-age children about financial education. ReadMore

CU Social Good, CafeGive partnership to measure 'return on intent'

CU System
Two social media resources are partnering to help promote and gauge the work that credit unions do for their communities. ReadMore

Consumers stashing cash in checking accounts: Moebs

CU System
U.S. consumers are keeping their cash in checking accounts at a higher rate than at any time in the last quarter-century, according to report from the bank consulting firm Moebs Services Inc. ReadMore

N.Y. young professionals take voice to Hill

CU System
For the second straight year, the Credit Union Association of New York will include members of the league's Young Professional Commission in visits with lawmakers on Capitol Hill, fostering the growth of the next generation of credit union leaders. ReadMore

Worldwide CU growth: Nearly 57K CUs now serve 208M members

CU System
By the end of 2013, nearly 57,000 credit unions served about 208 million members across 103 different countries worldwide, according to numbers released by the World Council of Credit Unions this week in its 2013 Statistical Report. ReadMore

It's time for 529 plan withdrawals

Consumer
College is just around the corner for newly graduated high school seniors, which means the first tuition bills will appear at any moment. ReadMore

CUNA calculator microsites updated for mobile, customization

Products
CUNA has updated its financial decision-making microsite, Credit Union Calculators. ReadMore
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