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September 19, 2014

NCUA's McWatters says new RBC comment period is needed

Washington
National Credit Union Administration board member J. Mark McWatters, in a meeting with senior CUNA staff Thursday, confirmed that he would not vote in favor of any risk-based capital proposal if it does not include a second comment period. ReadMore

Fed plans no debit fee cap change

Washington
The Federal Reserve Board Thursday 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

TCCUSF update, tech amendments approved by NCUA

Washington
A light agenda greeted new National Credit Union Administration board member J. Mark McWatters Thursday for his first monthly board meeting. ReadMore

Smacked by 100K compromised records, Maine CUs help members

CU System
Credit unions nationwide are taking a proactive strategy in protecting members from any fraudulent activity resulting from the Home Depot data breach, which the retailer confirmed Thursday compromised 56 million unique payment cards. ReadMore

Herring legacy carried forward with merger

CU System
At the end of the day, the planned merger between Cincinnati Arts CU and Cincinnati Central CU is about what's in the best interest of the members, the CEOs of both credit unions are quick to note. ReadMore

Waiting game for CU after Weed, Calif., wildfire

CU System
Residents of Weed, Calif., are sifting through the rubble after Monday's wildfire engulfed the small town, and the nearest credit union--Siskiyou Central CU--is on standby to help them recover. ReadMore

CFPB has mortgage scammers, nonbank auto lenders on radar

Washington
The Consumer Financial Protection Bureau is proposing to oversee nonbank auto finance companies, and it also announced a lawsuit against an online payday lender this week. ReadMore

Look here: Last day to submit News Now survey

CU System
"If you haven't taken the News Now survey yet, today is the day to tell us what you think," says Lisa McCue, CUNA vice president of communications and News Now editor. ReadMore
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#NewsNow today Herring legacy carried forward with merger http://t.co/oMqGADmo0d
38 minutes ago
.@MICreditUnions-supported electronic lien titling bill unanimously passes Assembly, on way to Senate http://t.co/6He1JG2ucr
1 hours ago
#NewsNow: @TheNCUA board approves techincal amendments, gives TCCUSF update. http://t.co/IR3Iw37MSS
1 hours ago
Reminder: @TheKCUA Wichita phone unavailable after 330 pm CT for move to new location. Regular business hours resume Monday.
2 hours ago
.@PCUA Penn. CU Assn leader Conway is #creditunion employee for a day. Read News Now: http://t.co/vBuY8Ukwsg
2 hours ago