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April 17, 2014

CUs, league win reg relief as Wis. gov. signs CU bill

CU System

Wisconsin Gov. Scott Walker signed a package of credit union regulatory reforms into law Wednesday; action that will ease regulatory burden for the state's credit unions and remove barriers they face when serving their memberships.

NCUA: CUs can help consumers avoid predatory payday loans

The basics of credit union payday alternative loans and advice for credit unions looking to start up their own programs were addressed during a Wednesday National Credit Union Administration webinar. ReadMore

Function should be focus of any CUSO regs, says NASCUS chair

Regulators' interest in credit union service organizations should focus specifically on the impact these organizations' services deliver to credit unions rather than their overall safety and soundness, John Kolhoff, chairman of the National Association of State Credit Union Supervisors, said this week. ReadMore

Nearly all 12 districts saw improvements in economy: Beige Book

Economic activity improved almost uniformly throughout the U.S. from mid-February through March, according to the Beige Book, a wide-ranging summary of economic conditions across the country published by the Federal Reserve. ReadMore

Small Ark. CU offers loan growth advice

CU System

With economic activity starting to sizzle, at least one small Arkansas-based credit union has been leveraging the upward trend into gains in loan growth, while also sharing its secrets for success.

Rewards accounts attractive to Gen Y, says Kasasa

CU System

So-called "Gen Y" adults search for mobile tools, rewards programs and cash-back options more than older generations when selecting a financial institution, a Kasasa study released Wednesday found.

World Council suggests revisions to international RBA guidance

A comment letter from the World Council of Credit Unions suggests revisions to international guidance on a risk-based approach to anti-money laundering and countering the financing of terrorism compliance. The changes would help to promote financial inclusion and to limit regulatory burdens on credit unions and other less complex financial institutions. ReadMore
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