CUNA witness Jerry Reed testified yesterday that credit unions worry that the Consumer Financial Protection Bureau's Qualified Mortgage rule will make it all but impossible for credit unions to write non-QM loans.

A final rule on loan participations has been added to the National Credit Union Administration's June open board meeting agenda.

New accounts have the highest rate of cyberattacks, with takeover attempts nearly twice that of accounts that are at least six months old, according to Web fraud data compiled by ThreatMetrix Inc.

How credit unions are reaching out to serve the underserved is the focus of a new Web Exclusives special report from Credit Union Magazine, released Monday.

The Federal Housing Finance Agency's decision to prohibit government-sponsored enterprises Fannie Mae and Freddie Mac from purchasing mortgages that do not meet the definition of qualified mortgages could prevent credit unions from working with their members to customize financial products that meet their individual needs, CUNA President/CEO Bill Cheney wrote in a letter to FHFA Acting Director Ed DeMarco.

Mobile/contactless payments was identified as the area with the most expected future growth by respondents to the 2013 global ATM Innovation Industry Survey.

"Credit unions strongly support efforts to simplify their compliance obligations," including a proposed U.S. Department of Housing and Urban Development rule that would streamline Federal Housing Administration financial statement reporting requirements, CUNA Deputy General Counsel Mary Dunn said in a comment letter filed this week.

Credit Union Magazine is seeking credit union rock stars: Unique individuals who demonstrate outstanding innovation in their areas of expertise--and by doing so make the credit union movement a better, more interesting place.