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September 19, 2014

NCUA's McWatters says new RBC comment period is needed

Washington
National Credit Union Administration board member J. Mark McWatters, in a meeting with senior CUNA staff Thursday, confirmed that he would not vote in favor of any risk-based capital proposal if it does not include a second comment period. ReadMore

Fed plans no debit fee cap change

Washington
The Federal Reserve Board Thursday said it will not propose any changes to its cap on debit card interchange fees. The Fed said the decision is based on results of its survey of costs associated with debit card transactions, a survey it executes every two years. ReadMore

TCCUSF update, tech amendments approved by NCUA

Washington
A light agenda greeted new National Credit Union Administration board member J. Mark McWatters Thursday for his first monthly board meeting. ReadMore

CFPB has mortgage scammers, nonbank auto lenders on radar

Washington
The Consumer Financial Protection Bureau is proposing to oversee nonbank auto finance companies, and it also announced a lawsuit against an online payday lender this week. ReadMore

Carolinas league asks for 2nd RBC comment period

Washington
John Radebaugh, president/CEO of the Carolinas Credit Union League, has written to the National Credit Union Administration to request a second comment period on the agency's risk-based capital proposal. ReadMore
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