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News Now

September 18, 2014

NEW: Fed plans no debit fee cap change

The Federal Reserve Board today said it will not propose any changes to its cap on debit card interchange fees. The Fed said the decision is based on results of its survey of costs associated with debit card transactions, a survey it executes every two years. ReadMore

Fall sweep: CU message hits Hill hard before session ends

CU System
State leagues and credit unions are making the most of the last days before Congress goes into its mid-term election recess with Hike the Hill visits and meetings with their federal regulator. ReadMore

Congress should listen, act on reg. relief concerns, lawmakers say at forum

Washington
The three lawmakers present at Wednesday's The Hill forum, sponsored by CUNA, agree on at least one thing: that credit unions are an integral part of the country's financial services landscape. ReadMore

Senate Banking leaders request FHLB membership comment extension

Washington
The top Democrat and Republican of the Senate Banking Committee are asking the Federal Housing Finance Agency to apply the brakes on a recent proposal that would change Federal Home Loan Bank membership rules. ReadMore

Today's NCUA meeting is 1st for new board member McWatters

Washington
Today's National Credit Union Administration board meeting only has a few items on the agenda, but it is the first meeting with new board member J. Mark McWatters, who replaced Michael Fryzel in August ReadMore

Fed rate changes hinge on economic expansion, Hampel says

Market
The Federal Open Market Committee announced Wednesday that interest rates likely will be held low for a "considerable time" after the asset-purchase program ends, which the Federal Reserve expects will happen next month. ReadMore

EMV rollout gains steam at CUs

CU System
As security breaches such as the one at Home Depot make both consumers and financial institutions more wary of existing fraud prevention technology, credit unions have begun issuing cards equipped with the Europay-MasterCard-Visa technology standard to their members. ReadMore

Comments on CFPB's consumer complaint data narrative due Sept. 22

Washington
Comments are due by Sept. 22 on the Consumer Financial Protection Bureau's consumer complaint narrative proposal, CUNA reminds credit unions. ReadMore

Your opinion wanted: News Now survey

CU System
Remember to take the readership survey from News Now , the daily online news publication from CUNA, before the Friday deadline. ReadMore
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News Now LiveWire
Tech. advances don't dampen consumer #cybersecurity concerns #NewsNow http://t.co/HNn4Hojadv
59 minutes ago
.@TheNCUA board unanimously voted today to designate board member Rick Metsger as vice chairman, effective immediately.
1 hours ago
We really want to hear from our readers. Please take the News Now survey: http://t.co/BYiQ5vr5Ob
3 hours ago
Advanced technologies don't quell cybersecurity fears #NewsNow http://t.co/ZJ20bimRvv
3 hours ago
.@CentralMaineCom reports #creditunions have issued thousands of new cards to proactively protect members from Home Depot data breach.
4 hours ago