Top 10 News Now stories for June

MADISON, Wis. (7/2/09)--Here are the top 10 most requested News Now stories during June. Use the links to read the entire stories online.

10. Frank advocates expanded powers for CUs

BOSTON, Mass.(6/23/09)--Credit unions should be given expanded powers, House Financial Services Committee Chairman Barney Frank told Massachusetts Credit Union League members on Monday.

9. Top 10 emerging risks for CUs outlined at ACUC

BOSTON (6/23/09)--Today's fraud landscape is becoming more complex, featuring extensive intertwined risks--some old but with new wrinkles and some emerging at the pace of new technologies. The emerging risks will require credit unions to adopt rigorous, cross-channel fraud monitoring strategies, a CUNA Mutual risk expert said Monday.

8. Banks eyeing checking accounts for fees

NEW YORK (6/1/09)--While credit card rates are under scrutiny in Washington, banks are already looking for other ways to boost their fee income. They are raising fees on checking accounts.

7. CUs weigh pros, cons of employees on Facebook

MADISON, Wis. (6/16/09)--Using Facebook to build social networks can offer consumers many advantages--such as the chance to re-connect or build new relationships with others, and to promote themselves or other causes.

6. Does Facebook pose security issues for CUs?

MADISON, Wis. (6/15/09)--With accounts of hackers and spammers infiltrating social networking sites such as Facebook, credit unions will be happy to learn that some of their colleagues using the sites for online banking have not experienced security problems.

5. Treasury wants NCUA independent

WASHINGTON (6/18/09)--The U.S. Treasury's report on financial regulatory reform, released to the public on Wednesday, would allow the National Credit Union Administration (NCUA) to maintain its safety and soundness authority over credit unions.

4. Miller v. BoA decision favors financial institutions

WASHINGTON (6/2/09)--The California Supreme Court Monday backed Bank of America's (BoA) position and ruled that state law permits BoA and other depository institutions in California to cover overdrafts and overdraft fees from Social Security funds and other protected public benefit deposits.

3. Remittance reforms are on House agenda

WASHINGTON (6/4/09)--Rep. Luis Gutierrez (D-Ill.) in a Wednesday House subcommittee hearing said that he would soon introduce legislation aimed at remittance-related reforms.

2. NCUA sets webinar on new law implementation

ALEXANDRIA, Va. (6/1/09)--The National Credit Union Administration will present its guidance on implementing its new corporate credit union stabilization plan in a webinar scheduled for June 24.

1. New corp stabilization plan implemented by NCUA

ALEXANDRIA, Va. (6/19/09)--The National Credit Union Administration will immediately borrow $1 billion of the total $6 billion offered by the U.S. Treasury to shore up the corporate credit union system after the board at its monthly meeting voted to implement the temporary corporate credit union stabilization fund.