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News Now

November 21, 2014

NCUA budget up by 4.2% for 2015, McWatters votes against it

Washington
Two distinct opinions on the National Credit Union Administration's budget emerged at the agency's Thursday open board meeting. ReadMore

Rep. Hensarling names HFSC subcommittee chairs

Washington
Subcommittee chairs for the House Financial Service Committee were announced Thursday by committee chair Rep. Jeb Hensarling (R-Texas). ReadMore

McWatters outlines 11 enhancements for NCUA budget transparency

Washington
In casting his "no" vote against the 2015 National Credit Union Administration 2015 budget, board member J. Mark McWatters outlined 11 items he said would "enhance the transparency of the budgetary process." ReadMore

Experts: Expect more breaches during holiday season

CU System
It's probably the last thing credit unions--which have been saddled with millions of dollars in costs as a result of recent mega-retailer data breaches--want to hear, but many experts are forecasting a new round of cyberattacks on payment data held by merchants this holiday season. ReadMore

CFA/CUNA reveal 15th holiday spending survey results Monday

Washington
The results of the annual consumer survey on holiday spending plans--and consumer concerns about debt levels--will be unveiled Monday at 10 a.m. (ET). ReadMore

It's all about the bird for CU charity at Thanksgiving

CU System
As the daily temperature drops in most parts of the country, credit unions nationwide have already begun warming hearts with holiday charitable events and celebrations. ReadMore

Overhead transfer rate, fee scale, NCUSIF addressed at NCUA board meeting

Washington
The National Credit Union Administration modified the overhead transfer rate to 71.8%, up from the current 69.2%, at its monthly board meeting Thursday. ReadMore

Expanded foreclosure protections being considered by CFPB

Washington
A government plan announced Thursday would make sure that if a mortgage borrower dies, surviving family members and others who inherit or receive property have the same foreclosure protections as the original loan holder. ReadMore

Credit scores, card use on rise: Experian annual credit study

CU System
2014 has been a year for borrowing and for boosting credit scores, according to Experian's recently released State of Credit report. ReadMore

3 nominations received for CUNA board election

CU System
CUNA has so far received three nominations for open director positions on the trade association's board. ReadMore
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.@TinkerFCU has been recognized with the Juntos Avanzamos designation from the @Cornerstone_CUL for serving its local Hispanic community
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.@HeritageFCU's CEO Ruth Jenkins spreads #StoptheDataBreaches message via @WEHTWTVWlocal http://t.co/mlccWppLCH
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#NewsNow: @TheNCUA's McWatters outlines 11 enhancements for budget transparency. http://t.co/TWMAqYgIJZ
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