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News Now

September 17, 2014

NEW: FOMC: QE likely phased out next month

WASHINGTON (9/17/14 UPDATED 2:27 p.m. ET)--The Federal Open Market Committee said in today's policy statement that quantitative easing, a tool the Fed has used to stimulate the economy since the economic downturn in 2008, likely will be entirely phased out next month. ReadMore

CUNA testifies at hearing to examine 'regulatory assault' on small FIs

Washington
Members of the Senate Banking Committee expressed their concerns with over-regulation and its effects on small financial institutions such as credit unions during a hearing Tuesday. ReadMore

CUNA urges CUs to tally Home Depot breach impact

CU System
CUNA is again turning to its member credit unions to help assess the costs of retailer security breaches--this time regarding the massive compromise of card information at Home Depot. ReadMore

Authoritative guidance needed on TILA-RESPA rule: CUNA

Washington
A joint letter signed by 16 financial trade organizations, including CUNA, has been sent to Consumer Financial Protection Bureau Director Richard Cordray. ReadMore

Rep. Holding says 2nd RBC comment period needed

Washington
Rep. George Holding (R-N.C.) encouraged the National Credit Union Administration to open a second comment period for its risk-based capital proposal in a letter sent Tuesday. ReadMore

Today's Hill forum to examine fin. services landscape

Washington
Those interested in a legislative and regulatory look at the financial services landscape can still register to view today's The Hill online forum, sponsored by CUNA. ReadMore

Cincinnati CUs turn spotlight on their heavy reg. burden

CU System
Credit unions feel the burden of heavy regulation as much as banks, according to a Sept. 15 Business Courier of Cincinnati Online article. ReadMore

Study: CUs lead in free checking

CU System
Consumers have fewer choices in checking accounts, according to a study by Moebs $ervices, but the type offered by credit unions is the most in demand: free. ReadMore

Take this survey, please

CU System
The daily online news publication from CUNA-- News Now --is soliciting comments from its readers. ReadMore
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News Now LiveWire
.@CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.
46 minutes ago
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world. http://t.co/kcXykiRQVn
3 hours ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market http://t.co/u7Fb5l5fwM
3 hours ago
.@Experian study confirms that building a credit history is beneficial to financial marginalized communities. 64M are "credit invisibles"
3 hours ago
Reps. Sherman, Woodall and Heck speak about why they support CU tax status at The Hill forum. http://t.co/fMgBRCJoML
3 hours ago