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July 10, 2014

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

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

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

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

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

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
Matz says # of late filers is going down but @TheNCUA had been too lenient. Still, if CU files late w/valid excus, will not be penalized.
55 seconds ago
.@TheNCUA #listeningsession is for all CU topics: CU asks about penalties for late filers of Call Reports. Next tweet--see Matz response.
4 minutes ago
Matz: We don't want to make it more difficult for you to do business but want you to do business safely 2of2 #listeningsession
14 minutes ago
Matz responds:GAO is pushing us; we are going forward; but whether we include concentration/IRR risk we are going to take another look.1of2
15 minutes ago
CU warns NCUA must look at concentration risk on individual basis:UR creating concentration risk;UR pushing us into old ways of doing biz.
17 minutes ago