Links in “Credit Unions”
- NCUA Considers Recommendations from NAFCU’s “Dirty Dozen”
NAFCU reports on progress of efforts to ease regulatory burden, particularly the "Dirty Dozen," 12 regulations that the association finds particularly unnecessary and overly burdensome. [1/22]
- CUNA Criticizes NCUA 2014 Strategic Plan
According to CUNA, NCUAâs 2014-2017 Strategic Plan needs to incorporate a number of changes. Among those are how the agency will provide regulatory relief for credit unions and how it can provide more flexibility for well-managed credit unions. [1/21]
- Berger Calls for National Data Protection Standards
Appearing on Foxâs âThe Willis Report,â Dan Berger, President/CEO of NAFCU, called on Congress to establish national data protection standards for retailers and merchants. Berger stated that credit unions are doing their part in protecting consumer information and now retailers need to do their part. [1/21]
- âWall Streetâ Regs Are Devastating to Main Street Credit Unions and Community Banks
The Dodd-Frank Act was designed to address abuses in the banking industry. However, many provisions have little impact on large banks, but are incredibly onerous to credit unions and community banks. [1/20]
- Appeals Court Hears Testimony in Debit Card Fee Case
It appears that the judges on the bench of the U.S. Court of Appeals for the District of Columbia are open to taking a harder look at the lower court decision that overturned the Federal Reserve Boardâs rule that placed a cap on debit card fees. The card industry emphasized that consumers have not seen the pricing benefits promised by the merchants. [1/20]
- Have You Reviewed Your HR Policy?
A number of states have new laws that may affect your policy manual and employee handbook. This article provides a summary of some of these changes. [1/20]
- NCUA Posts January Board Meeting Agenda
The NCUA Board will be considering a proposed rule on risk-based capital at its meeting next week. NCUA Chair Debbie Matz says that the industry needs a flexible and forward-looking approach to net worth standards. [1/17]
- Trades Lash Out at NCUA Over Late Filing Fees
The credit union trade associations are lashing out at NCUA over its plan to assess significant penalties on credit unions that do not file their 5300 Call Reports within the required time frames. Calling the up-to-$1-million-dollars-per-day fees extreme and unnecessary , the trades say that credit unions just need more awareness of the need for timely filings. [1/17]
- What the CU Industry Can Learn from the Blu-ray/HD DVD War
As payment systems evolve, the credit union industry needs to be a driving force in the process, rather than abdicating responsibility in favor of the Federal Reserve Banks, which would be akin to letting the government step in and mandate a winner in the VHS/BETA Max and Blu-Ray/HD-DVD wars. [1/17]
- The Plot Thickens as Six Are Charged in Fraud Ring in Connection with Taupa Lithuanian CU Liquidation
Prosecutors have now charged five individuals, in addition to the former manager, in the fraud that resulted in the liquidation of the $15 million Taupa Lithuanian Credit Union. Former manager Spirikaitis is reported to have embezzled $4.2 million that he used to buy a lavish home, a luxury suite at the Cleveland Browns stadium, nine vehicles, and an arsenal of semi-automatic weapons and ammunition. [1/16]
