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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
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TOM SAKASHSTAFF NEWSWRITER

News Now

April 20, 2015

CUNA files RBC2 comment letter, encourages stakeholders to weigh in

Washington
CUNA submitted its comment letter Friday on the National Credit union Administration's revised risk-based capital plan. While holding firm to the view that the rule is unnecessary and should be tabled, the letter offers a number of constructive suggestions to improve the rule since the agency appears determined to move forward. ReadMore

NCUA budget hearing bill has strong support from CUNA

Washington
The National Credit Union Administration Budget Transparency Act (S. 924) would increase transparency and accountability at the agency, thereby strengthening its mission, CUNA believes. ReadMore

CUs from all 50 states wanted for Home Depot breach lawsuit

Washington
To best ensure monetary recovery from the September 2014 data breach at Home Depot is available to credit unions in all states, plaintiff lawyers are seeking at least one plaintiff from each state to be involved as a named plaintiff in the current class action lawsuit, Susan Parisi, chief counsel of CUNA, has noted. ReadMore

Mortgage loans a 'bit easier' to get, CUNA's Hampel to WaPo

CU System
Financial institutions have stricter standards in underwriting mortgage loans than a decade ago, but mortgages are still attainable for many consumers, CUNA Chief Economist and Chief Policy Officer Bill Hampel told the Washington Post in a recent article. ReadMore

Matz to Hensarling: NCUA does not participate in Choke Point

Washington
The National Credit Union Administration does not, and will not, participate in programs such as U.S. Department of Justice's Operation Choke Point, agency Chair Debbie Matz told a prominent legislator last week. ReadMore

FHFA says g-fees are at appropriate levels, will continue to monitor

Washington
Current guarantee fees charges by Fannie Mae and Freddie Mac are appropriate, according to a recently completed review by the Federal Housing Finance Agency. ReadMore

62% of world's adults have access to fin. services: World Bank

CU System
The number of adults with access to financial services rose to 62% from 51% between 2011 and 2014, according to the World Bank's recently released Global Financial Inclusion database. ReadMore

Commissioner notes state CU strength at Calif. league rally

CU System
State-chartered credit unions in California have reported healthy net-worth ratios recently, and the trend has state regulators taking notice. ReadMore
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