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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
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MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

January 28, 2015

NEW: Fed standing pat on rate hike

WASHINGTON (1/28/15, UPDATED 2:25 p.m. ET)--While economists still widely expect the Federal Reserve to hike short-term interest rates this summer, the Federal Open Market Committee's policy statement, released today, gave few hints as to when that first rate hike will actually happen. ReadMore

Inside Washington (1/28/15)

Washington

WASHINGTON (1 28 15) The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has assessed a $20 million civil money penalty against Oppenheimer and Co. Inc. for "willfully

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April 27 is RBC2 comment deadline: CUNA webinar available online

Washington
CUNA is strongly encouraging credit unions to comment by an April 27 deadline on the National Credit Union Administration's second-round risk-based capital proposal. ReadMore

FHFA head notes strong interest in FHLB membership plan in testimony

Washington
Rep. Frank Lucas (R-Okla.) expressed reservations about proposed changes in the Federal Home Loan Bank membership requirements during a House Financial Services Committee hearing Tuesday. ReadMore

NCUA posts new ID theft resources for consumers

Washington
New resources are available from the National Credit Union Administration to help consumers protect themselves from identity theft and take action if they believe they have been victimized. ReadMore

Conserved Texans CU reports continued growth in 2014

Washington
Texans CU, a credit union under the conservatorship of the National Credit Union Administration, saw its loans and net worth continue to grow in 2014, the agency reported Tuesday. ReadMore

Legislators say statutes must ensure merchants protect consumers' info

Washington
A stable law to ensure merchants are appropriately protecting consumers is needed, said Rep. Gus Bilirakis (R-Fla.) in a subcommittee hearing Tuesday on elements of potential data breach legislation. ReadMore

Consumer confidence surges to 7-year high(1)

Market
U.S. consumer confidence surged in January to its highest level since August 2007. 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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News of the Competition (1/28/15)

Market

NEW YORK (1 28 15) Ocwen Financial Group said Monday investors had no basis for claiming the large mortgage servicing firm failed to comply with agreements to collect $82 billion in home loan

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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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5 Mich. CUs win Best, Brightest designation

CU System
Five credit unions in Michigan are among the 101 companies on the "Best and Brightest to Work for" list for excellence in human resources practices and employee enrichment ReadMore

CU System briefs (1/28/15)

CU System

MADISON, Wis. (1 28 15) The winter storm that struck the Northeast Monday and Tuesday left less of an impact than expected in certain areas . Many downstate New York

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Cornerstone adds 3 associate director spots to board

CU System
In recognition of roles played by volunteers and the young professionals in the credit union system, the Cornerstone Credit Union League board of directors has added three associate directorship positions to its board: one associate directorship for the volunteer, one for the young professional and a third to be either a volunteer or young professional. ReadMore

2015 GAC Crashers represent all 50 states, D.C.

CU System
The record number of applicants for the 2015 Crash the GAC program means every state and the District of Columbia will be represented by a young credit union professional at this year's CUNA Governmental Affairs Conference. ReadMore

Data security legislation among FTC recommendations

CU System
Data security and privacy risks are among the challenges facing the "Internet of Things" and the estimated 25 billion connected electronic devices that send and receive information, according to a report from the Federal Trade Commission. ReadMore

NW CUs responsible for $6.8B in economic impact

CU System
A new economic analysis shows credit unions delivered $6.8 billion in economic benefits in Washington and Oregon in 2014. ReadMore

Fla., N.D. policymakers notch Desjardins fin. lit. awards

CU System
CUNA has named policymakers from North Dakota and Florida the winners of the Desjardins Financial Education Award for State Government Policymakers. ReadMore

CUAD testifies in support of N.D. patent 'troll' bill

CU System
The Credit Union Association of the Dakotas is tracking more than 30 bills--including one regarding patent "trolls"--in the North Dakota Legislative Assembly. ReadMore

Entrepreneurs: 4 decisions ensure financial success

Consumer
Entrepreneurship can be rewarding at all life stages, from the young adult years to retirement and beyond. But before you invest your time, energy and resources into the entrepreneurial unknown, make these four money decisions to ensure you reach financial success. ReadMore

CUAnswers, Payveris form payments partnership

Products
Payveris, an online and mobile digital payments company, and Michigan-based credit union service organization CU*Answers have partnered to to provide online banking and payment services to credit unions. ReadMore
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News Now LiveWire
@FamilyFirstFCU has implemented a grant program through the FHLB of NY to help first-time home buyers.
24 minutes ago
#BREAKING: @federalreserve offers few new hints on rate-hike timing in policy statement http://t.co/lgZ6zZ1Vrr
1 hour ago
.@CUNA has posted free, recorded version of its 60-minute Jan. 26 #RBC2 webinar online. http://t.co/jiVPASGQ4C
1 hour ago
April 27 is comment deadline on @TheNCUA's #RBC2 proposal. See @FederalRegister http://t.co/8MkQNTc2rh
1 hour ago
Delaware #CU growth noted in @DeBusinessTimes http://t.co/b11eaQo4CT
2 hours ago