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News Now

January 28, 2015

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

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

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

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

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

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

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

Consumer confidence surges to 7-year high(1)

Market
U.S. consumer confidence surged in January to its highest level since August 2007. ReadMore
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5 MI #CUs named @101Best list for 2014 @ConsumersCU @DFCUFinancial @LMCU @michiganfirstcu @msufcu #101BB #NewsNow http://t.co/o680Rtpdsv
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2015 #GAC Crashers represent all 50 states, D.C. #creditunions http://t.co/VqaHltZaD4
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Value of a hacked email? #Cyberthieves netted $215M from businesses, says @FBI, via @briankrebs http://t.co/spGEORecj3 #stopthedatabreaches
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.@RealtyTrac:In 2015 first wave of 7.3M homeowners who lost home 2 foreclosure crisis R past 7-yr window 2 repair credit/qualify 2 buy home.
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.@CUNA's state CU subcmte honors Fla's @DorothyHukill, ND's @kekschmidt with #Desjardins fin lit award #NewsNow http://t.co/yZJw1bPeNr
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