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September 18, 2014

Today's NCUA meeting is 1st for new board member McWatters

Washington
Today's National Credit Union Administration board meeting only has a few items on the agenda, but it is the first meeting with new board member J. Mark McWatters, who replaced Michael Fryzel in August ReadMore

Congress should listen, act on reg. relief concerns, lawmakers say at forum

Washington
The three lawmakers present at Wednesday's The Hill forum, sponsored by CUNA, agree on at least one thing: that credit unions are an integral part of the country's financial services landscape. ReadMore

Senate Banking leaders request FHLB membership comment extension

Washington
The top Democrat and Republican of the Senate Banking Committee are asking the Federal Housing Finance Agency to apply the brakes on a recent proposal that would change Federal Home Loan Bank membership rules. ReadMore

Inside Washington

Washington

 WASHINGTON (9/18/14)-- Julian Castro , who was sworn in to lead the U.S. Department of Housing and Urban Development (HUD) in July, told a housing summit here that mortgage lending standards have become too tight and added that it must change ( American Banker Sept. 18). It is time for policymakers to

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Comments on CFPB's consumer complaint data narrative due Sept. 22

Washington
Comments are due by Sept. 22 on the Consumer Financial Protection Bureau's consumer complaint narrative proposal, CUNA reminds credit unions. ReadMore

NEW: Fed plans no debit fee cap change

Washington
The Federal Reserve Board today 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

Fed rate changes hinge on economic expansion, Hampel says

Market
The Federal Open Market Committee announced Wednesday that interest rates likely will be held low for a "considerable time" after the asset-purchase program ends, which the Federal Reserve expects will happen next month. 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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Ex-NFL player Hoge, CNN Hero Pregracke headline Iowa league convention

CU System
Former NFL player Merril Hoge and 2013 CNN Hero Chad Pregracke will headline the Iowa Credit Union Conference, hosted by the Iowa Credit Union League, this week in Dubuque. ReadMore

Your opinion wanted: News Now survey

CU System
Remember to take the readership survey from News Now, the daily online news publication from CUNA, before the Friday deadline. ReadMore

Tech. advances don't dampen consumer cybersecurity concerns

CU System
While many consumers believe technology will continue to advance in the next decade, most worry that cybersecurity will still pose a problem, a study by McAfee called "Safeguarding the Future of Digital America in 2025" found. ReadMore

EMV rollout gains steam at CUs

CU System
As security breaches such as the one at Home Depot make both consumers and financial institutions more wary of existing fraud prevention technology, credit unions have begun issuing cards equipped with the Europay-MasterCard-Visa technology standard to their members. ReadMore

Fall sweep: CU message hits Hill hard before session ends

CU System
State leagues and credit unions are making the most of the last days before Congress goes into its mid-term election recess with Hike the Hill visits and meetings with their federal regulator. ReadMore

Experian: Financially marginalized need credit building opportunities

CU System
A new study from Experian confirms that building a credit history is beneficial to financially marginalized communities. ReadMore

CU System briefs (09/18/2014)

CU System

PHOENIX (9/18/14)-- Arizona State CU, Phoenix, with $1.6 billion in assets, awarded $38,000 to 19 students and alumni of Arizona universities and colleges through its community leaders scholarship and loan reduction grant program. The seventh annual grant and scholarship program supports the credit union's ongo

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Millennials: Rethink credit vs. debit

Consumer
There is a generational divide when it comes to shopping: A CreditCards.com survey indicates that boomers and millennials both choose plastic, but for the older cohort the word is "credit" and for the younger, it is "debit." ReadMore

CUAnswers reports growth, dashboard release

Products
CU*Answers, a credit union service organization based in Grand Rapids, Mich., reported stockholder growth has increased and the release of a new patronage comparison dashboard. ReadMore
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News Now LiveWire
Tech. advances don't dampen consumer #cybersecurity concerns #NewsNow http://t.co/HNn4Hojadv
7 hours ago
.@TheNCUA board unanimously voted today to designate board member Rick Metsger as vice chairman, effective immediately.
8 hours ago
We really want to hear from our readers. Please take the News Now survey: http://t.co/BYiQ5vr5Ob
10 hours ago
Advanced technologies don't quell cybersecurity fears #NewsNow http://t.co/ZJ20bimRvv
10 hours ago
.@CentralMaineCom reports #creditunions have issued thousands of new cards to proactively protect members from Home Depot data breach.
11 hours ago