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NCUA Board Chairman Debbie Matz announced Friday that she will ask the board to consider issuing a new, proposed risk-based capital rule during the Jan. 15 open meeting with a 90-day comment period attached.
CFPB Director Richard Cordray on Thursday urged payment operators to prioritize consumer protection during remarks he made at The Clearing House in connection with electronic payment systems, debit card networks and the emergence of faster payments.
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Results of NAFCU's October 2014 Economic & CU Monitor survey show credit unions' concern and focus on data and cybersecurity in order to safeguard their members.
NCUA said a second proposal on risk-based capital – which NAFCU has been pressing for over the past year – could be issued for comment before the end of this year. The amended proposal will include a longer implementation period and revised risk weights for mortgages, investments, member business loans, credit union service organizations and corporate credit unions, among other changes.