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July 22, 2014

N.Y. young professionals take voice to Hill

CU System
For the second straight year, the Credit Union Association of New York will include members of the league's Young Professional Commission in visits with lawmakers on Capitol Hill, fostering the growth of the next generation of credit union leaders. ReadMore

Consumers stashing cash in checking accounts: Moebs

CU System
U.S. consumers are keeping their cash in checking accounts at a higher rate than at any time in the last quarter-century, according to report from the bank consulting firm Moebs Services Inc. ReadMore

Worldwide CU growth: Nearly 57K CUs now serve 208M members

CU System
By the end of 2013, nearly 57,000 credit unions served about 208 million members across 103 different countries worldwide, according to numbers released by the World Council of Credit Unions this week in its 2013 Statistical Report. ReadMore

Retailers' suit against Visa, MasterCard allowed to proceed

Washington
U.S. District Judge John Gleeson declined to dismiss lawsuits filed by retailers against Visa and MasterCard last week. ReadMore

NCUA chair affirms likely areas of change for RBC rule

Washington
With three Listening Sessions on the books, the National Credit Union Administration affirmed Monday that its next steps will include incorporating comments from the more 400 participants who attended. The agency's risk-based capital proposal was the primary topic of discussion at the sessions, held in Los Angeles, Chicago and Alexandria, Va., but examinations, and the role of small credit unions were also addressed. ReadMore

House Fin. Serv. Committee to examine 4 years of Dodd-Frank

Washington
The House Financial Services Committee will conduct a hearing Wednesday to examine specific provisions and the cumulative impact of the Dodd-Frank Act. ReadMore
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