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July 9, 2014

CUNA's Hampel in The Hill: CUs a good option for anyone

Washington, D.C.-based newspaper The Hill featured an op-ed by CUNA interim President/CEO Bill Hampel that underscored that credit union membership is right for all Americans. ReadMore

NCUA will post recorded Listening Sessions to website

The National Credit Union Administration will begin posting audios of its June 26, July 10 and July 17 Listening Sessions within the next few weeks. Although the forums are open to any topic, the NCUA's risk-based capital proposal dominated the discussion at the June gathering in Los Angeles and promises to do so at the final two sessions. ReadMore

Rep. McHenry requests explanation on RBC proposal

Rep. Patrick McHenry (R-N.C.), chair of the House Financial Services subcommittee on oversight and investigations, has asked National Credit Union Administration Chair Debbie Matz for several clarifications to the agency's risk-based capital proposal. ReadMore

CFPB clarifies mortgage rule for surviving family members

A clarification has been issued to mortgage lending rules that states when a borrower dies, the name of the borrower's heir generally may be added to the mortgage without triggering the Consumer Financial Protection Bureau's ability-to-repay rule. ReadMore

121 Financial emphasizes CU safety, soundness to WJXT-TV

CU System
The regular "4 Your Money" features by 121 Financial CU on Jacksonville's WJXT-TV typically offer consumer education, but during the July 5 segment, the $449 million-asset credit union took the opportunity to dispel misconceptions about by a national news article on credit union lending practices. ReadMore

Bay Area CUs prepared for housing market challenges

CU System
In the always-volatile California real-estate market, Bay Area credit unions may soon face more mortgage challenges. ReadMore

CDFI requests comment on new reporting form

The U.S Department of the Treasury's Community Development Financial Institutions Fund seeks comment on a new reporting form designed to reduce the burden on CDFIs during the recertification process. ReadMore

College an investment worth saving for, GCUA survey finds

CU System
In a recent survey by Georgia Credit Union Affiliates, more than 71% of respondents said saving for a college degree is worth the financial investment, with 60% answering that saving for college in general was important to them. ReadMore

Ind. joins prize-linked savings movement

CU System
Indiana recently joined the growing list of states in which credit unions have the authority to offer prize-linked savings accounts when Gov. Mike Pence formally signed into law HB 1235. ReadMore
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