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September 16, 2014

CUNA: SBC testimony 'important step' toward reg. relief bills' passage

Washington
CUNA will testify before the Senate Banking Committee today in a hearing titled "Examining the State of Small Depository Institutions." ReadMore

Balance needed between 'safety/soundness,' credit availability, CUNA tells FHFA

Washington
Safety and soundness should not be used as a justification to create additional regulatory burden, CUNA told the Federal Housing Finance Agency in a letter sent Monday. ReadMore

House lawmakers seeking breach answers from Home Depot exec

Washington
A bi-partisan coalition of House lawmakers is seeking some answers from Home Depot about its data security practices. ReadMore

PCUA, Pittsburgh FHLB pursue cooperative benefits, Part 2

CU System
The Pennsylvania Credit Union Association and the Federal Home Loan Bank of Pittsburgh, through recent collaborative efforts, have initiated a partnership onto which each organization hopes to build. ReadMore

NCUA offers 'road map to success' for FCU organizers

Washington
Groups looking to apply for a federal credit union charter have a new resource from the National Credit Union Administration. ReadMore

Fin. lit. ideas percolate during NerdWallet TweetChat

CU System
In a rapid-fire discussion Monday on Twitter, credit union leaders from across the country imparted loads of advice on how to ramp up financial literacy for high school and college students. ReadMore

New NCUA videos fight financial exploitation of seniors

Washington
Aiming to combat the trend of millions of American seniors who become victims of financial abuse, the National Credit Union Administration has released two videos to help consumers recognize this kind of fraud. ReadMore

Filene survey: Economy still challenging consumers

CU System
Macro-economic data indicates the economy is on the mend, but a recent survey by the Filene Research Institute found that 36% of the "every day people" respondents still think the economy is in a recession or depression. ReadMore

Member growth continues despite mill closure

CU System
For the last 75 years, even in the most difficult of times, Mill Town CU has been there for the community it serves. ReadMore
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News Now LiveWire
#NewsNow No stretch for CU to loan to fledgling yoga studio http://t.co/4ryQisBtW1
31 minutes ago
.@CUNA's Pierce: Every dollar a CU spends on complying with a regulation is a dollar that is not spent to the benefit of its membership.
36 minutes ago
(2of2)...that incentive structure for CUs and banks is quite different, and regulatory structure should reflect those differences."
37 minutes ago
Pierce: When considering reg burden as it relates to consumer financial protection, it is critical that policymakers understand...(1of2)
38 minutes ago
.@CUNA's Pierce: "Without meaningful relief, consolidation in CU sector will continue."
43 minutes ago