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News Now

July 30, 2014

NEW: Fed stays course on taper, interest rates

Market
WASHINGTON (7/30/14 UPDATED 2:45 PM ET)--Citing "sufficient underlying strength in the broader economy to support ongoing improvement in labor market conditions," the Federal Open Market Committee announced Wednesday it will continue the pace of its quantitative easing program. ReadMore

House panel members pledge to work for CU parity, also pass reg. relief bill

Washington
The House Financial Services Committee examined a number of regulatory relief bills Tuesday, and of the three supported by CUNA, one was passed and the other two will go to a recorded vote this morning. ReadMore

CUNA to NCUA: Reg reduction for CUs is urgent

Washington
Significant reduction in credit unions' regulatory requirements is urgently needed, CUNA interim President/CEO Bill Hampel said in a letter to National Credit Union Administration Chair Debbie Matz yesterday in advance of the agency's board meeting Thursday. ReadMore

Information is key to disclosure integration, CUNA tells CFPB

Washington
In a stakeholders' check-in meeting on a rule to integrate separate mortgage disclosures rules into a single, more consumer-friendly document, CUNA urged the Consumer Financial Protection Bureau to consider three things with respect to its regulatory implementation. ReadMore

CUNA's Schenk discusses rising consumer confidence on 'TheStreet'

Market
CUNA's interim Chief Economist Mike Schenk appeared on the online investment show "TheStreet" Tuesday to discuss a recent surge in consumer confidence. ReadMore

Fannie, Freddie G-fee comment deadline pushed back to Sept. 8

Washington
September 8 is the new deadline for comments on the Federal Housing Finance Agency's proposed increases to guarantee fees that Fannie Mae and Freddie Mac charge lenders. ReadMore

2014 World Credit Union Conference opens in Australia

CU System
An international flag parade with bearers clad in their national colors can only signal the start of one thing in the credit union world: The start of the year's World Credit Union Conference. ReadMore

Global Women's Leadership Forum speaker: 'People value authenticity'

CU System
The 2014 Global Women's Leadership Forum, held in partnership with Australian Women in Mutuals during World Council of Credit Union's World Credit Union Conference, included research presented by keynote speaker Louise Mahler about strengthening women's verbal and nonverbal communication skills. ReadMore

Moebs study: FIs rethink overdraft, CUs still most reasonable

CU System
Competitive and regulatory pressures are causing financial institutions to rethink their overdraft fee structures. Within an extensive report, the author includes information that describes how credit unions remain the most reasonable financial institutions in forgiving members for overdrafts. ReadMore

CUNA to host Twitter chat to boost CU awareness

CU System
Pull up a chair Thursday for a national conversation about the credit union movement, right from your office or living room. ReadMore
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News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
7 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
7 hours ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
10 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
12 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
13 hours ago