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October 31, 2014

NCUA to consider separate interest-rate risk proposal in response to RBC comments

Washington
Responding to comments from credit unions, credit union leagues and CUNA that interest-rate risk should not be addressed in risk weightings in the risk-based capital proposal, several officials at the National Credit Union Administration are seriously considering a separate interest-rate risk proposal. ReadMore

Home Depot breach cost CUs nearly double those from Target

Washington
The data security breach at Home Depot stores in September cost credit unions nearly $60 million to reissue cards, deal with fraud and cover other costs, according to the results of a new survey of credit unions, released Thursday by CUNA. ReadMore

Nussle: We'll back off when retailers accept their breach responsibility

Washington
CUNA President/CEO Jim Nussle strongly took issue Thursday with merchants' attempt to shirk the responsibility that is theirs in the serious and growing problem of exposure of customer data through information breaches at retailers. ReadMore

CUs consistently trustworthy, Harris Poll reinforces

CU System
Credit unions as a whole continue to be held in high regard by consumers when it comes to trustworthiness, according to a Harris Poll released Thursday. ReadMore

CUNA raises key concerns in meeting with White House economic policy staff

Washington
Data security breach concerns, regulatory relief, risk-based capital for credit unions, housing finance reform and other issues were among the topics CUNA President/CEO Jim Nussle raised Thursday at the White House compound in a meeting with Seth Wheeler, assistant to the president for economic policy. ReadMore

Supreme Court to hear mortgage rescission case next week

Washington
Next week, the U.S. Supreme Court is set to hear arguments about how and when borrowers can request to rescind their mortgages. ReadMore

Widget FCU: Real-life crime busters, CEO tells story (Part 2)

Washington
It was 16 months between when Widget FCU submitted a complete record of eight suspicious accounts opened to the FBI and when CEO Gail Cook received a call from the FBI Agent Michael Thoreson saying Widget helped them crack one of the largest fraud conspiracies in history. ReadMore

CUNA delivers: Sign up now for CU-relevant election updates

Washington
Starting Nov. 5, the Credit Union National Association will deliver--straight to subscribers' inboxes--updates on the results of the mid-term elections, tailoring the periodic reports to the news credit unions will be most interested in. ReadMore

Community outreach focus of revamped Ohio league alliances

CU System
Supporting credit unions' work in community outreach areas--financial literacy, scholarship funds or charitable giving--is a key reason the Ohio Credit Union League is shifting to an outreach alliance model from the chapter system. ReadMore

Halloween, CUs a boo-tiful pair

CU System
Credit unions are leaving the tricks to the banking industry. On Halloween, for their members and communities, it's all about the treats. ReadMore
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