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September 23, 2014

CUNA cites accuracy concerns with CFPB's consumer narrative proposal

CUNA does not support the disclosure of narrative complaint data, the organization told the Consumer Financial Protection Bureau in a letter filed Monday. ReadMore

GAO wary of CFPB data collection controls

The Government Accountability Office released a report Monday citing concerns that the Consumer Financial Protection Bureau must take additional efforts to reduce the risk of improper collection, use and release of consumer financial data. ReadMore

White House honors N.M. CU employee for Hispanic fin. lit.

CU System
Shana Runck is both a credit union employee and a teacher, and it's the marriage of those two roles that earned her recognition by the White House Monday as a Latino Champion of Change. ReadMore

World Council: Basel 'weak bank' guidelines could work against co-ops

The World Council of Credit Unions has outlined several concerns with draft supervisory guidance from the Basel Committee that could discriminate against cooperative institutions when the committee identifies "weak banks." ReadMore

Va. league breaks ground on new HQ

CU System
Virginia Credit Union League board members sank shovels into dirt last week to ceremonially begin construction on the league's new headquarters in downtown Richmond, Va. ReadMore

CFPB CU Advisory Council meeting set for Oct. 1 in D.C.

A meeting of the Consumer Financial Protection Bureau's Credit Union Advisory Council will be held Oct. 1 in Washington, D.C. ReadMore

Northwest FCU Foundation celebrates Night of Magic

CU System
More than 100 patients receiving care at Inova Children's Hospital in Falls Church, Va., attended the Night of Magic Ball--an event sponsored by the Northwest FCU Foundation that giving chronically ill patients and their families an evening away from the stresses of being in the hospital. ReadMore

Service CU leadership sees results of member biz loan

CU System
The leadership team at Service CU saw first-hand the results of one of its member business loans when it toured the 30,000-square-foot NCS Global building located in the Granite State Business Park, Rochester, N.H. ReadMore
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