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

News Now

March 26, 2015

NEW: CFPB issues proposal to end payday lending 'debt traps'

WASHINGTON (3/26/15 UPDATED 10:10 a.m. ET)--The Consumer Financial Protection Bureau released a plan overnight aimed at eliminating payday lending "debt traps" and CUNA is evaluating it to determine if it accomplishes its goal without hindering credit unions' efforts to provide credit to their members. The new consumer protections would apply to payday loans, vehicle title loans, deposit advance products and certain high-cost installment and open-end loans. ReadMore

NEW: 9 CUNA-back relief bills approved by House Financial Services Committee

Washington
WASHINGTON (3/26/15, UPDATED 11:11 a.m. ET)--Nine bills providing some regulatory relief for credit unions and supported by CUNA were approved by the House Financial Services Committee this morning after a two-day markup. ReadMore

CUNA backs CU RBC2 comment efforts with new resource

Washington
With 33 days left until the comment deadline for the risk-based capital proposal--often referred to as RBC2, CUNA is providing new resources in its effort to encourage credit unions to weigh in. Again. ReadMore

CUNA-supported amendment added to data breach bill

Washington
A data security bill passed the House Energy subcommittee on commerce, manufacturing and trade Wednesday, and it included a CUNA-supported technical correction amendment. ReadMore

Text scam going to consumers from NCUA phone number

Washington
More than 40 consumers around the country have received a scam phone text message purporting to use a National Credit Union Administration phone number, the agency announced Wednesday. ReadMore

Pew report: Auto-title lending riskier for borrowers

CU System
Car-title loans, where borrowers hand over the title to their vehicles as collateral to secure a cash advance, cause many of the same problems seen with payday loans, The Pew Charitable Trusts has found in a new report. ReadMore

Tax services from CUs return value to communities

CU System
Filing tax returns can be challenging and a little scary. Credit unions, with the Volunteer Income Tax Assistance program, step up to help consumers file their taxes properly and receive the tax credits they've earned. ReadMore

HFSC to vote on reg. relief package today

Washington
CUNA continues to monitor the advancement of nine regulatory relief bills being considered by the U.S. House Financial Services Committee, which is expected to vote on a relief package today. ReadMore

CU Hero: Lewis leads CU staff, community by example

CU System
Gail Lewis, director of consumer lending/credit manager at 121 Financial CU, Jacksonville, Fla., learned very early in her long career in financial services the importance of leadership in the workplace. ReadMore
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