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July 10, 2014

RBC on radar in Chicago today: Listening session audios to be available

Washington
The National Credit Union Administration's second Listening Session of 2014 starts today at 1 p.m. (CT) in Chicago. Both the NCUA and the California and Nevada Credit Union Leagues have announced plans to provide audio clips of this event and two other similar sessions. ReadMore

Shared branching awareness campaign goes national

CU System
A shared branching video created by the Missouri Credit Union Association has developed a growing national audience. ReadMore

Faces, stories begin to fill 100M membership website

CU System
The newly constructed Membership Map on CUNA's 100 million membership campaign website is beginning to fill up with the faces of credit union members from throughout the country. ReadMore

CUNA, trades seek stronger 'patent troll' defense measures

Washington
As a House Energy and Commerce subcommittee moves forward with a vote on a patent reform bill today, CUNA sent a joint financial trade group letter to urge lawmakers to strengthen its provisions to fight "patent trolls." ReadMore

FATF offers definitions, pros and cons of virtual currencies

Washington
The Financial Action Task Force called virtual currencies both "the wave of the future" and a powerful new tool for criminals to move and store illicit funds, in a paper released last month. ReadMore

Monetary policy hearings coming next week

Washington
Federal Reserve Board Chair Janet Yellen is scheduled to deliver the Fed's semiannual monetary policy report to the Senate Banking Committee on Tuesday and then to the House Financial Services Committee on Wednesday. ReadMore

Three league-backed bills await N.Y. gov. signature

CU System
With the support of the Credit Union Association of New York's state-level advocacy efforts, three important pieces of pro-credit union legislation recently passed through both houses of the New York Legislature. ReadMore

Castro confirmed as new HUD secretary

Washington
The U.S. Senate confirmed Julian Castro to become the new head of the Department of Housing and Urban Development Thursday. ReadMore

NCUF reminds of July 31 Wegner award nomination deadline

CU System
July 31 is the deadline to nominate individuals and organizations for the Herb Wegner Memorial Awards presented by the National Credit Union Foundation. ReadMore
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News Now LiveWire
CU says definition of complex CU needs to be reviewed, and not just based on asset size. NCUA: We are looking at that. #listeningsession
15 seconds ago
NCUA says lots of resources go 2 examiner training,but there's much turnover.Invites ideas on how to improve exam training.#listeningsession
2 minutes ago
CU tells NCUA that more benefit could be gained by better examiner training than imposing this "unnecessary" RBC system at #listeningsession
5 minutes ago
Senate 2day confirmed former HUD Secr. Shaun Donovan to be director of the Office of Management and Budget.
40 minutes ago
On IRR Matz adds: We R not going into all CUs on IRR, only the largest that pose risks that are too high.
57 minutes ago