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December 17, 2014

NEW: Fed remaining 'patient' on rate-hike decision

Market
WASHINGTON (12/17/14, UPDATED 2:25 p.m. ET)--The Federal Open Market Committee left the words "considerable time" in its policy statement today, potentially signaling that the Federal Reserve may raise short-term interest rates later than currently anticipated. ReadMore

CUNA's Donovan details CU relief measures' benefits, vows 'aggressive' 2015 reg. relief fight

Washington
CUNA plans to aggressively pursue regulatory relief legislation in the 114th Congress, after having end-of-year success with the passage of two bills. ReadMore

PST lays out card security road map for 2015, beyond

Washington
A new paper from the Payments Security Task Force has outlined a strategic road map for increased payments system security, designed to keep consumers' personal information from being compromised. ReadMore

CU Effect: Chartway FCU's 'branch of the future' to benefit members, staff

CU System
When it came time for Chartway FCU to look at building the "branch of the future," the credit union turned to an unlikely source: retail. ReadMore

CUNA presses for NCUA review in exam-related info breach

Washington
Following a data breach caused by the loss of a thumb drive containing member information during an federal examination of Palm Springs (Calif.) FCU, CUNA General Counsel Eric Richard called on the National Credit Union Administration to conduct a thorough review of the situation. ReadMore

Ga. CUs report highest 3Q loan increase in a decade

CU System
Georgia credit unions reported the largest third-quarter increase in loans in more than a decade, with total loans rising by 4.2%, according to Georgia Credit Union Affiliates. ReadMore

29 senators question proposed FHLB membership change

Washington
Twenty-nine senators have written to Federal Housing Finance Agency Director Mel Watt, citing concerns with the agency's Federal Home Loan Bank proposed membership rule. ReadMore

Average auto debt to top $18K in 2015: TransUnion

CU System
Auto loan debt per borrower will continue on an upward trend, rising to $18,244 at the end of 2015, according to TransUnion. ReadMore

7 elected by acclamation for CUNA board, 1 contested election

CU System
Seven nominees for CUNA's board of directors have been elected by acclamation, and there is one contested election. ReadMore

Fed walkup: 'Considerable time' will tell

Market
The intentions of the Federal Open Market Committee on when it plans to begin nudging up short-term interest rates may be revealed this afternoon when it releases its statement at the conclusion of its two-day policy meeting. ReadMore
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