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November 21, 2014

Matz: Revised RBC rule to be unveiled Jan. 15, with 90-day comment period

Washington
Jan. 15 is the likely date that the National Credit Union Administration will take up a new risk-based capital proposal for discussion. NCUA Chair Debbie Matz late Friday announced that she will ask the agency board to consider a revised RBC plan at that time--and said a 90-day public comment period would likely follow. ReadMore

Huffington joins GAC roster, Senate will be in session

Washington
Entrepreneur Arianna Huffington will speak at CUNA's 2015 Governmental Affairs Conference, scheduled for March 8-12 in Washington, D.C. ReadMore

Keep consumers in mind for real-time payments system: Cordray

Washington
The Consumer Financial Protection Bureau has several concerns about electronic payments networks, particularly its effects on consumers, said bureau Director Richard Cordray last week to attendees at the annual Clearing House Conference in New York City. ReadMore

Mass. league to hold open forum with McWatters

CU System
The Massachusetts Credit Union League will host an open forum discussion with new National Credit Union Administration board member J. Mark McWatters Dec. 12 in Newton, Mass. ReadMore

Colo. authorizes first-ever marijuana-focused CU

CU System
The Colorado Division of Financial Services approved an unconditional state charter for The Fourth Corner CU this week, setting the stage for the establishment of the first-ever credit union that will serve the marijuana industry. ReadMore

Fed's Dudley faces criticism from Senate Banking on big banks

Washington
Two separate reviews of how it examines large banks have been launched by the Federal Reserve, the board of governors announced late last week. ReadMore

1 year post breach, Target asks for lawsuit dismissal

CU System
The attorney for retail giant Target Corp. told a U.S. District judge Friday to dismiss the lawsuit brought against it by financial institutions for the losses they incurred after Target's data security breach last December. ReadMore

2 CUs earn Cornerstone league's Juntos Avanzamos designation

CU System
Two credit unions have earned the Cornerstone Credit Union League's Juntos Avanzamos or "Together We Advance" designation. ReadMore

AACUL honors Dykstra with Eagle Award; Lyons re-elected chair

CU System
Diana Dykstra, president/CEO of the California and Nevada Credit Union Leagues, received the American Association of Credit Union Leagues' highest honor--the Eagle Award--at the organization's annual meeting last week. ReadMore

Matz to senators: Revised RBC rule will consider ag lending needs

Washington
National Credit Union Administration Chair Debbie Matz assured senators from agricultural states that she shares their concerns that a revised risk-based capital plan should not disrupt credit unions' agricultural lending. She assured that the agency will keep in mind any impact a new rule might have on the ability of credit unions to serve farmers and ranchers.​ ReadMore
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.@CFPB has concerns Re:electronic paymnts networks,particularly its effects on consumers,said bureau director Cordray http://t.co/mqi9bHL6Fb
13 minutes ago
#NewsNow CUNA Tech Council white paper looks at EMV http://t.co/2znk5N0Y4m
1 hours ago
.@CUNA 3 pm ET Twitter chat Tues about recent customer satisfaction results ranking #CUs much higher than banks. #CUServiceExcellence.
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AACUL honors @DianaRDykstra with Eagle Award; Wendell Lyon re-elected chair http://t.co/FacmfLiItH
2 hours ago
.@NCUFoundation's Hyland, #creditunion leaders grace small screen for Va. TV program #CUNANewsNow http://t.co/opmMXzD91e
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