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August 20, 2014

Circuit court reinstates opinion allowing NCUA MBS cases to proceed

In a decision immediately called "good news for credit unions" by the National Credit Union Administration Tuesday, the U.S. Court of Appeals for the 10th Circuit reinstated its ruling that allowed the NCUA to sue several banks for alleged deceptive practices when selling mortgage-backed securities. ReadMore

Youth align with CUs, building 100M memberships: Fox report

CU System
Stressed by economic doldrums and callous bank policies, young adults may be finding safe harbor in credit union membership, according to an Aug. 18 report by WOFL-TV , in Tampa Bay, Fla. ReadMore

FSR: Unverified complaint narratives could work against consumers

The Consumer Financial Protection Bureau's plan to allow consumer narratives in its complaint portal could likely work against consumers, as well as financial institutions, by spreading inaccurate information, according to the Financial Services Roundtable. ReadMore

CU, college relationships mean higher fin. ed.

CU System
There may be a university logo on their debit cards, but collegiate credit unions also are integral to financial literacy efforts at their namesake institutions. ReadMore

Guidance on mortgage servicing transfers includes do's, don'ts

New guidance issued by the Consumer Financial Protection Bureau illustrates things the bureau's examiners will look for when loan servicing responsibilities are transferred. ReadMore

What NCUA examiners look for on cybersecurity efforts: NCUA Report

With National Credit Union Administration examiners trying to identify and assess cybersecurity risks, the agency has released a list of cybersecurity areas examiners look at. ReadMore

NCUA audio from Chicago Listening Session available online

The National Credit Union Administration has posted an audio recording of its July 10 Listening Session in Chicago to the agency's YouTube page. ReadMore

CU House in Mo. welcomes summer Democratic caucus

CU System
The Missouri Credit Union House in Jefferson City served as the host site for the Missouri House Democrats' summer caucus and reception last week. ReadMore
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Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report
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.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
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University, college #creditunions add fin ed to higher ed. See #NewsNow
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Are you going to be naughty or nice to your budget with holiday spending?
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Did U miss the July @TheNCUA open meeting? Now a video recording is available on the agency’s website. Go here:
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