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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
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ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

January 28, 2015

NEW: Fed standing pat on rate hike

WASHINGTON (1/28/15, UPDATED 2:25 p.m. ET)--While economists still widely expect the Federal Reserve to hike short-term interest rates this summer, the Federal Open Market Committee's policy statement, released today, gave few hints as to when that first rate hike will actually happen. ReadMore

Legislators say statutes must ensure merchants protect consumers' info

Washington
A stable law to ensure merchants are appropriately protecting consumers is needed, said Rep. Gus Bilirakis (R-Fla.) in a subcommittee hearing Tuesday on elements of potential data breach legislation. ReadMore

April 27 is RBC2 comment deadline: CUNA webinar available online

Washington
CUNA is strongly encouraging credit unions to comment by an April 27 deadline on the National Credit Union Administration's second-round risk-based capital proposal. ReadMore

NW CUs responsible for $6.8B in economic impact

CU System
A new economic analysis shows credit unions delivered $6.8 billion in economic benefits in Washington and Oregon in 2014. ReadMore

Data security legislation among FTC recommendations

CU System
Data security and privacy risks are among the challenges facing the "Internet of Things" and the estimated 25 billion connected electronic devices that send and receive information, according to a report from the Federal Trade Commission. ReadMore

FHFA head notes strong interest in FHLB membership plan in testimony

Washington
Rep. Frank Lucas (R-Okla.) expressed reservations about proposed changes in the Federal Home Loan Bank membership requirements during a House Financial Services Committee hearing Tuesday. ReadMore

CUAD testifies in support of N.D. patent 'troll' bill

CU System
The Credit Union Association of the Dakotas is tracking more than 30 bills--including one regarding patent "trolls"--in the North Dakota Legislative Assembly. ReadMore

Fla., N.D. policymakers notch Desjardins fin. lit. awards

CU System
CUNA has named policymakers from North Dakota and Florida the winners of the Desjardins Financial Education Award for State Government Policymakers. ReadMore

Consumer confidence surges to 7-year high(1)

Market
U.S. consumer confidence surged in January to its highest level since August 2007. ReadMore
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Emergency loans post- #Blizzard2015 offered by @ScientFCU in Conn. http://t.co/U9tIBzPOZV
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@FamilyFirstFCU has implemented a grant program through the FHLB of NY to help first-time home buyers.
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#BREAKING: @federalreserve offers few new hints on rate-hike timing in policy statement http://t.co/lgZ6zZ1Vrr
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