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News Now

November 26, 2014

NPR report highlights merchant failures on data breaches

CU System
Merchant data security breaches--their effects on consumers and the reactions of retailers--were highlighted on a recent segment of NPR 's "All Things Considered." ReadMore

Media outlets widely share CUNA-CFA holiday spending outlook

CU System
The holiday shopping survey conducted by CUNA, in collaboration with the Consumer Federation of America, was picked up broadly in the national media Tuesday after a Monday press conference where the results were announced. ReadMore

Skimming remains biggest threat, says ATMIA global survey

CU System
Increased attacks from a wider range of skimming devices, including increasingly smaller devices, continue to plague the ATM industry, according to the ATM Industry Association Global Fraud Survey. ReadMore

3Q GDP beats expectations, up 3.9%

Market
Real gross domestic product climbed by 3.9% in the third quarter--a 0.4% increase from the quarter's initial reading, according to the Bureau of Economic Analysis' second estimate. ReadMore

FHFA directive loosens policy on sales of existing REOs

Washington
A change to Fannie Mae and Freddie Mac's existing real estate owned properties policy will allow the enterprises to sell existing REO properties to any qualified purchasers at fair-market value. ReadMore

CFPB ombudsman reports top complaint areas of 2014

Washington
A review of the Consumer Financial Protection Bureau from the agency's ombudsman has been released, highlighting several issues from 2014. ReadMore

DoD extends comment deadline on lending act proposal

Washington
The U.S. Department of Defense announced a 30-day extension of the comment period for its proposed changes to the Military Lending Act. ReadMore

National Herring awards distributed for model member service efforts

CU System
There is a name for credit unions that materially improve members' lives, and that name is a Louise Herring Philosophy-in-Action Member Service Award winner, conferred by CUNA. ReadMore

CUNA offices closed Thanksgiving, Friday; no News Now

CU System
The Washington, D.C., and Madison, Wis., offices of CUNA will be closed Thursday and Friday, in observance of the Thanksgiving holiday. There will be no regular issues of News Now those days. The staff of News Now wishes its readers a happy Thanksgiving and will be back on Monday morning. ReadMore
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News Now LiveWire
#NewsNow: @CUNA-CFA survey results suggest 3-3.5% increase in holiday spending. http://t.co/GjcDvvwfzy
13 hours ago
.@WOCCU promoted financial inclusion as a sustainable development goal at two separate @UN events this month.
14 hours ago
Colo. authorities OK first-ever #marijuana-focused CU #NewsNow http://t.co/77qj6O3bcu
15 hours ago
.@Vancity busts some Black Friday retail myths http://t.co/q8Wht3CcRc
15 hours ago
Things get hairy at #creditunions during #Movember http://t.co/Hc6tYRMSY8
17 hours ago