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News Now

Small biz reps to 'hike' for MBL cap lift

Washington

Small business owners, small business trade groups and business think-tank representatives will join CUNA and credit unions next week to press Capitol Hill-based legislators to approve a member business lending cap increase for credit unions.

Heartland backs MBL bills in HuffPo

Washington

Legislators that are looking for new ways to fight burdensome government regulations "can--and should--start by looking at credit union lending," Eli Lehrer, vice president of the Chicago-based think tank The Heartland Institute, said in a Thursday Huffington Post editorial.

Definition of capital determines Basel III impact on CUs

CU/System

Basel III guidelines on financial institution capital levels may have been drafted in response to the negative impact large banks made on the economic crisis, but credit unions and other financial cooperatives likely will be included in any resulting regulation. How credit unions manage member shares relative to their capital requirements could determine how significant the impact is.

CUNA launches monthly compliance wrap up

Washington

The CUNA compliance team Thursday launched the first edition of its new compliance tool for credit unions--a monthly summary of vital compliance issues--all drawn from CUNA's highly followed CompBlog.

CFPB: Consumers complain about credit cards, mortgages

CU/System

The new Consumer Financial Protection Bureau (CFPB) began taking credit card complaints from consumers on July 21 and mortgage complaints on Dec. 1. As of Dec. 31, it had received 13,210 consumer complaints--9,307 complaints about credit cards and 2,326 complaints about mortgages, CFPB said in its Semi-Annual Report Monday.

Ford Foundation's $30M helped CDCU with mergers

CU/System

A $30 million investment from the Ford Foundation has allowed a community development financial institution to merge with seven credit unions in California, in an effort to expand low- and moderate-income families' access to responsible and affordable financial services statewide.

Technology topics explored on H&FF Radio

Consumer

Sunday's Home & Family Finance Radio program covers platform technology, Internet coupons, online safety and identity theft.

News Now LiveWire

• A Maine Legislature committee voted "ought to pass" on an amendment proposed by the Maine CU League to a mortgage bill. - 6 hours ago
• An article about Financial Partners CU's agreement to provide surcharge-free ATMs at Walgreens in Cal. was the most read News Now in Jan. - 6 hours ago
• Elevations CU in Boulder, Colo., was awarded a 10-year contract to provide banking services to the University of Colorado's Boulder campus. - 6 hours ago
• S&P's affirmed CMG Mortgage Insurance Co. BBB rating, w/ negative outlook; says co.'s results improved faster @ more stable rate than peers. - 9 hours ago
• Judge in NCUA's MBS lawsuit vs. Wachovia orders NCUA to show cause why suit 'should not be dismissed for lack of prosecution.' - 9 hours ago
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