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July 10, 2014

RBC on radar in Chicago today: Listening session audios to be available

Washington
The National Credit Union Administration's second Listening Session of 2014 starts today at 1 p.m. (CT) in Chicago. Both the NCUA and the California and Nevada Credit Union Leagues have announced plans to provide audio clips of this event and two other similar sessions. ReadMore

Shared branching awareness campaign goes national

CU System
A shared branching video created by the Missouri Credit Union Association has developed a growing national audience. ReadMore

Faces, stories begin to fill 100M membership website

CU System
The newly constructed Membership Map on CUNA's 100 million membership campaign website is beginning to fill up with the faces of credit union members from throughout the country. ReadMore

CUNA, trades seek stronger 'patent troll' defense measures

Washington
As a House Energy and Commerce subcommittee moves forward with a vote on a patent reform bill today, CUNA sent a joint financial trade group letter to urge lawmakers to strengthen its provisions to fight "patent trolls." ReadMore

FATF offers definitions, pros and cons of virtual currencies

Washington
The Financial Action Task Force called virtual currencies both "the wave of the future" and a powerful new tool for criminals to move and store illicit funds, in a paper released last month. ReadMore

Monetary policy hearings coming next week

Washington
Federal Reserve Board Chair Janet Yellen is scheduled to deliver the Fed's semiannual monetary policy report to the Senate Banking Committee on Tuesday and then to the House Financial Services Committee on Wednesday. ReadMore

Three league-backed bills await N.Y. gov. signature

CU System
With the support of the Credit Union Association of New York's state-level advocacy efforts, three important pieces of pro-credit union legislation recently passed through both houses of the New York Legislature. ReadMore

Castro confirmed as new HUD secretary

Washington
The U.S. Senate confirmed Julian Castro to become the new head of the Department of Housing and Urban Development Thursday. ReadMore

NCUF reminds of July 31 Wegner award nomination deadline

CU System
July 31 is the deadline to nominate individuals and organizations for the Herb Wegner Memorial Awards presented by the National Credit Union Foundation. ReadMore
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News Now LiveWire
Fazio: But on investments NCUA focused on price decline and FDIC focused on credit risk. 2of2
1 minutes ago
Fazio: starting points for risk wts were the FDIC's; NCUA varied only when compelled by data. 1of2 #listeningsession
3 minutes ago
Matz notes: OIG and GAO say @TheNCUA needs effective RBC system: We are going forward with RBC but will address issues you all identified.
6 minutes ago
.@TheNCUA Fazio:No way 2 make a RBC system as precise as CUs indicate.RBC is not about expected losses but the unexpected. #listeningsession
9 minutes ago
Chr Matz says @TheNCUA anticipates more info being collected on call reports;says will reevaluate mortgages/CUSO risk wts. #listeningsession
12 minutes ago