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March 31, 2015

CUNA's Hampel reminds Operation Comment can help with RBC2 letters

Bill Hampel, CUNA's chief policy officer, reminded credit unions on Monday that credit unions should let their thoughts and suggestions on the National Credit Union Administration's revised risk-based capital proposal be known. ReadMore

FFIEC: Ways to ID, mitigate cyberattacks that use malware

Information on how financial institutions can identify and mitigate compromised user credentials and malware was released Monday by the U.S. Treasury's Federal Financial Institutions Examination Council. ReadMore

Lawmakers question CFPB on Aug. TILA-RESPA date

Why have new mortgage disclosure forms go into effect during what is traditionally the busiest month for home mortgage closings? That's the question two key lawmakers asked the Consumer Financial Protection Bureau Monday regarding the bureau's Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosures rule, which is scheduled to be implemented Aug. 1. ReadMore

House could consider relief bills in April: CUNA looks to work with Senate

Passage of nine CUNA-backed regulatory relief bills by the U.S. House Financial Services Committee last week is a good sign, but CUNA will be stepping up its advocacy efforts to get the bills onto the next step. ReadMore

CFPB Student Scorecard should focus on consumer benefits, CUNA says

CUNA supports the Consumer Financial Protection Bureau's plan to create a Safe Student Account Scorecard as a tool for colleges and universities to ensure that financial product offerings marketed to their students are "superior to those generally available," the trade association said in a March 30 comment letter to the bureau. ReadMore

CFPB should increase relief in 'rural' definition rule: CUNA

The Consumer Financial Protection Bureau's proposal regarding rural and underserved areas is a positive step, but CUNA urged the agency to take further regulatory relief steps in a comment letter filed Monday. ReadMore

Pending-home sales at highest since June 2013: NAR

Pending-home sales doubled-down in February with a second straight month of gains, as the National Association of Realtors reported its pending-sales index climbed 3.1% for the month to 106.9. ReadMore

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LCUL's Cochran: 'Old' CU benefits attract young, new members

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A new generation of Louisiana residents, inspired by "old school" services and pricing and the cooperative business model, are starting to discover the credit union difference, Louisiana Credit Union League President/CEO Anne Cochran wrote in a opinion editorial that appeared in the Lafourche Parish Daily Comet . ReadMore

CUNA marketing, biz dev. council honors excellence winners

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The CUNA Marketing & Business Development Council Conference honored credit unions and executives at its annual conference March 25-28 in Las Vegas. ReadMore

Maine CU membership growth continues record pace

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Credit unions in Maine saw healthy membership expansion in 2014, as total credit union memberships rose to more than 651,000, a new record for the state, according to numbers released by the Maine Credit Union League. ReadMore

Albuquerque biz journal highlights N.M.'s CU culture

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Readers of Albuquerque Business First may nearly be experts on all things credit union, as the business publication recently dedicated wide swaths of print space to illustrate the relative state of credit unions in New Mexico. ReadMore

Financial Fitness Day kicks off fin. lit. month

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Wednesday is Financial Fitness Day--and also the start of National Financial Literacy Month and National Credit Union Youth Month. ReadMore

Strongest savers in middle class: Bankrate

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The most ardent savers can be found in the U.S. middle class, according to a recent survey by the personal finance website . ReadMore

CU System briefs (3/31/15)

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WASHINGTON (3 31 15) A new app is available for those who want to keep pace with the  Credit Union Cherry Blossom Ten Mile Run and


Don't take on student debt just because all the kids are doing it

Student debt is now so common that the stigma once attached to owing tens of thousands of dollars is starting to evaporate. ReadMore

NFCC acquires Student Loan Alliance

The National Foundation for Credit Counseling has acquired the Student Loan Alliance. ReadMore

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Consumer spending is slumping #Market #Economy
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April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
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Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity
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Home prices rising faster than wages: @RealtyTrac #NewsNow #Market
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.@Nussle dropped by the @ACUMuseum recently. Read about his visit
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