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July 25, 2014

HMDA rule changes could increase reporting burden

Washington
The negative impact of the Consumer Financial Protection Bureau's proposed changes to Home Mortgage Disclosure Act reporting rules will far outweigh any benefit to credit unions--or their members, CUNA Associate General Counsel Jared Ihrig said Thursday. ReadMore

CUs get national online tool for communicating reg concerns

CU System
PowerComment, a new online resource that helps credit unions take their regulatory concerns directly to state and federal regulators, was officially announced at the summer American Association of Credit Union Leagues meeting Thursday. ReadMore

Elimination of fixed-asset cap on NCUA board agenda for July

Washington
The National Credit Union Administration will consider a proposed rule on federal credit union ownership of fixed assets, among other proposals, at its monthly board meeting Thursday. ReadMore

Landmark exam parity bill gets Ill. gov. signature

CU System
The examination process for Illinois credit unions was just upgraded, as Gov. Pat Quinn signed a bill into law Thursday that will certify that the Illinois Department of Financial and Professional Regulation administers fair examination protocols for all state-chartered credit unions. ReadMore

N.Y. young professionals shine in leadership role on Hill

CU System
Seven members of the Credit Union Association of New York's Young Professionals Commission demonstrated their leadership skills this week and furthered the advocacy efforts of the state's credit unions during the league's Hike the Hill event in Washington, D.C. ReadMore

Fraud-fighting advice for CUs: Now on NCUA YouTube channel

Washington
In an effort to help credit unions detect and deter fraud, the National Credit Union Administration has released the first videos in a new series on fraud prevention. ReadMore

Debit use bolsters noncash payments, says Fed payments study

CU System
Consumer use of electronic payments--whether by card or via automated clearing house--continues to outpace cash and checks, according to updated statistics from the 2013 Federal Reserve Payments Study. ReadMore
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