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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 27, 2015

CUs aim to get members out of payday loan cycle, CFO says

Washington
The credit union mission stood out during a Consumer Financial Protection Bureau hearing in Richmond, Va., Thursday, as panelists addressed various aspects of payday lending. ReadMore

CFPB proposes to end payday lending 'debt trap'

Washington
The Consumer Financial Protection Bureau released a plan Thursday 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. ReadMore

Calif. district court overturns anti-surcharging law

Washington
The U.S. District Court for the Eastern District of California ruled Thursday that the state's anti-surcharging law is unconstitutional. ReadMore

Reg. relief package steps toward removing barriers: CUNA

Washington
Nine regulatory relief bills supported by CUNA were approved by the House Financial Services Committee Thursday after a two-day markup of a series of bills. ReadMore

62% worry about fin. stability: CUNA Mutual study

CU System
A large majority of the middle class worries about its financial stability on a daily basis, according to new research from CUNA Mutual Group. ReadMore

Fed: Mobile banking, shopping popularity gains in 2014

CU System
The rate at which consumers take advantage of mobile banking continues to climb, as 39% of adults with mobile phones and bank accounts reported using mobile banking in 2014, a 6% annual increase, according to a recent survey from the Federal Reserve. ReadMore

Transportation Network Co. legislation pending in 35 states

Washington
Legislation regulating Transportation Network Company vehicles--covering services like Uber and Lyft and including insurance requirements--continues to be a hot topic in the states and among some credit unions. ReadMore

Jobless claims duck under 300K for 3rd straight week

Market
Initial claims for unemployment fell by 9,000 to 282,000 for the week ending March 21, according to numbers released by the Department of Labor Thursday. ReadMore
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News Now LiveWire
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
8 hours ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
8 hours ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
12 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
14 hours ago
Refinance #MarchMadness: Refis drive up mid-March mortgage apps: MBA http://t.co/rTUnlJB516
18 hours ago