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News Now

July 29, 2014

CUNA supports House panel markup of CU relief bills

The House Financial Services Committee is voting a series of bills today, two of which are strongly supported by CUNA for the regulatory relief they would provide credit unions. Those bills are the Regulation D Study Act (H.R. 3240) and the Access to Affordable Mortgages Act of 2014 (H.R. 5148). ReadMore

SAFE Act, cybersecurity bill to see House floor votes

Several matters of interest are on the schedule this week before members of the U.S. Congress leave for their August recess. ReadMore

Pew Trusts: Prize-linked savings gaining nationwide momentum

CU System
Prize-linked savings accounts, an idea invented and incubated by credit unions to encourage members to save money, continue to gather steam nationally. ReadMore

Sen. Toomey seeks NCUA justifications for higher RBC requirement

Sens. Patrick Toomey (R-Pa.), Mike Johanns (R-Neb.) and Deb Fischer (R-Neb.) have written to the National Credit Union Administration, asking for justification for the agency's risk-based capital proposal. ReadMore

Pending home sales witness first drop in 4 months

For the first time in four months pending-home sales have stepped back, dropping 1.1% in June, according to data released by the National Association of Realtors Monday. ReadMore

NCUA gives examiners FinCEN guidance for marijuana biz

The Washington Department of Financial Institutions has offered information to credit unions in that state that wish to provide financial services to marijuana-based businesses. ReadMore

Weidler leads Western CUNA Management School graduates

CU System
Matthew Weidler of Evangelical Christian CU in Brea, Calif., just became the sixth student in the history of Western CUNA Management School to graduate with highest honors. He was one of 89 students who graduated from the school on July 25. ReadMore

Allegacy FCU heart health program saves $150K in employee costs

CU System
An investment into the health of its employees has allowed Allegacy FCU, Winston Salem, N.C., to shave $150,000 off of its heart-related health care costs over the past five years. ReadMore
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News Now LiveWire
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
1 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
4 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. See also:
5 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
5 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux
5 hours ago