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September 29, 2014

NEW: Matz to request revised RBC proposal, new comment period

Washington
ALEXANDRIA, Va. (9/29/14, UPDATED 4:10 p.m. ET)--National Credit Union Administration Chair Debbie Matz announced she intends to request a revised proposed risk-based capital rule be issued with a new comment period. This is a result of "significant structural changes" being considered. ReadMore

Proposed MLA changes could restrict CU payday alternative loans

Washington
The U.S. Department of Defense's announcement of a proposed overhaul of the Military Lending Act could affect credit unions that serve military members and families, raising concerns from CUNA. ReadMore

Maine league pegged by media as data breach expert

CU System
Media outlets in Maine have been on the hunt for an expert who can give feedback and advice about the recent string of major data breaches. It appears they've found one in the Maine Credit Union League. ReadMore

Grants support CU, community partnerships to serve immigrants

CU System
Two credit unions that have partnered with community agencies focused on serving the immigrant population have received grants from the National Federation of Community Development Credit Unions. ReadMore

100M CU memberships celebrated at Nationals Park

Washington
Credit unions and the 100 million memberships milestone were on full display at Friday's baseball game between the Washington Nationals and the Miami Marlins. ReadMore

FFIEC offers guidance on Shellshock computer bug

Washington
The Federal Financial Institutions Examination Council members are advising financial institutions of a material security vulnerability in the Bourne-again shell system software widely used in servers and other computing devices that could allow attackers to access and gain control of operating systems. ReadMore

CUNA adds co-sponsor for 2015 community conference

CU System
CUNA announced Friday that the National Federation of Community Development Credit Unions will be a partner at the 2015 CUNA Community Credit Union and Growth Conference. ReadMore

U.S. Bank ordered to pay $48M in relief for illegal billing practices

Washington
U.S. Bank has been ordered to provide approximately $48 million in relief to consumers harmed by illegal billing practices. ReadMore
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Breaking at #NewsNow: Matz to request revised RBC proposal, new comment period http://t.co/eLtYmzXRWn
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CFPB announces $10M fine,$27.5M restitution v. Mich.-based Flagstar Bank for allegedly illegally blocking borrowers’ attempts to save homes.
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#NewsNow: Proposed MLA changes could restrict CU payday alternative loans. http://t.co/eKqtyMHD0P
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44 #creditunion professionals earn Development Educators designation #NewsNow http://t.co/GG551ofq31
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