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April 18, 2014

Grassroots key to passage of Maine's patent 'troll' law

CU System
In a victory for state credit unions earned on the strength of their grassroots efforts, Maine's patent "troll" bill became law last week. ReadMore

CUNA: New data breach shows need for improved merchant security standards

A data breach at Michaels Stores and associated business Aaron Brothers may have impacted 2.6 million cardholders, the arts and crafts retailer confirmed late last week. CUNA is pressing federal lawmakers to address data security relative to merchants, who are not held to the same standards of security as credit union and other financial institutions. ReadMore

Lawmakers seek colleagues' backing on RBC plan changes

Two members of the House Financial Services Committee, Reps. Peter King (R-N.Y.) and Gregory Meeks (D-N.Y.), are circulating a letter among House colleagues urging the National Credit Union Administration to consider changes to its proposed risk-based capital regulations. The letter expresses the concern that any final RBC rule should not unduly burden credit unions and should not adversely affect healthy credit unions' ability to meet the financial services needs of their members. ReadMore

Surf's up for National CU Youth Week

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Grab your surfboard and sunscreen today and get ready to "Catch the $ave Wave" at credit unions during National Credit Union Youth Week. ReadMore

Mass. league stresses CU-community ties during public funds hearing

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The Massachusetts Joint Committee on Financial Services hosted a public hearing last week to discuss a bill that could open the door for state- and federally chartered credit unions to become public funds depositories. ReadMore

FHFA seeks comment on mortgage database expansion

The Federal Housing Finance Agency is considering expanding the scope of a planned national mortgage database, and is seeking public comment on the potential expansion, <em>Politico</em>  reported last week. ReadMore
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#creditunion-community ties stressed during public funds depository testimony by @MassLeague See #NewsNow
3 minutes ago
Large CU stress testing on the agenda for the April @theNCUA open meeting
9 hours ago
#FinancialLiteracyMonth Test your college financial aid knowledge @nasfaa
17 hours ago
Join @theNCUA #NCUAchat with @KenWortheyJr on April 23 from 11am to 12pm EST #FinancialLiteracyMonth
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Maine's patent troll bill has become law. Read more in Monday in @NewsNowLiveWire
21 hours ago