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July 23, 2014

85% of members feel 100% safe with a CU: Filene

CU System
Because they hold credit unions in such high regard, credit union members are more likely than bank customers to keep a greater portion of their holdings with their financial institution--an encouraging development as credit unions continue to seek ways to expand member outreach, according to a new Filene Research Institute white paper. ReadMore

NCUA outlines late-filer civil money penalty process

Washington
The civil money penalty process and how it applies to late call-report filers are detailed in the July issue of The NCUA Report , which was published Tuesday. ReadMore

CU programs are tailor-made for Hispanic members' success

CU System
Hispanics are likely to have clear financial goals but are unsure about how to achieve them, according to a recent survey by Prudential, thus giving credit unions an opportunity to start conversations about how they can support these goals. ReadMore

Plaintiffs push to continue Target data breach class action

CU System
In response to Target Corp.'s attempt to delay discovery in multidistrict litigation regarding last year's data security breach, plaintiffs filed a joint memorandum opposing Target's request. ReadMore

CUNA: Affordable mortgages bill brings reg relief, mortgage access

Washington
Rep. Blaine Luetkemeyer's (R-Mo.) bill known as the Access to Affordable Mortgages Act would provide regulatory relief for heavily burdened credit unions and increase access to mortgage credit for middle- and low-income borrowers, CUNA said in a letter of support for H.R. 5148. ReadMore

NWCUA launches relief effort for central Wash. wildfires

CU System
The credit union community is offering assistance to victims of the Carlton Complex fire in central Washington, with an initial $5,000 donated by the Northwest Credit Union Foundation. ReadMore

CDFIs can sign up for health center financing webinars

Washington
The U.S. Treasury's Community Development Financial Institutions Fund has announced five free webinars starting in August on the topic of financing community health centers in underserved communities. ReadMore

Decades-high number of VA loans boost housing market

Market
National housing market numbers may have underwhelmed lately, but one bright spot has been mortgages approved by the U.S. Department of Veterans Affairs, which offer attractive home loans to current and former military servicemembers. ReadMore
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.@CFPB @FTC & 15 states sweep up alleged foreclosure relief scammers that ripped off distressed homeowners. 1of2
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US FCU, Burnsville, MN, will host an open house and social media seminar for small businesses on Aug. 12.
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Operation Mis-Modification tabs 6 homeowner scams @FTC, @CFPB http://t.co/xWb4Yuz9z1
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Target wants stay of discovery in class action suits in data security breach; plaintiffs disagree that it's needed http://t.co/GHqz2S4u5g
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