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NAFCU’s Brad Thaler urged key lawmakers Wednesday to stay vigilant in their oversight of NCUA rulemaking on risk-based capital, and he reiterated the need for congressional action on both RBC and supplemental capital.
Experts quoted in a MarketWatch article on Bank of America's implementation of chip-based debit cards note the chip – which uses EMV technology – is more difficult to replicate than magnetic strip but may not stop fraud.
The Small Business Administration announced Wednesday that fee relief on 7(a) loans of $150,000 or less and for SBA Veterans Advantage loans has been extended through Sept. 30, 2015.
Some of them are simple: Embrace change. Take risks. Some are extremely specific, even unique: Hold a Shred Fest. Some lay out detailed steps. Others are simply about getting you into a thinking mode.
As a political science junkie in college, my classmates and I enjoyed debating any issue of the day. Often into the wee hours of the morning. Our professors joined in the game, often giving us statements, and asking us to prove or disprove them. The process could create the perfect exercise for your credit union.
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.
The time and resources it takes to notify members, reissue cards, and make members whole in instances of fraud is overwhelming. Federal standards must exist for merchants on the safekeeping of financial and personal information, as well as data breach notification.