News & Insight

BofA readies EMV, experts note merchants' role

Thursday, October 02, 2014

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.

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SBA extends fee relief on 7(a), veterans loans

Thursday, October 02, 2014

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.

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TFCU Article: 100 Ways to Grow Your Credit Union

Thursday, October 02, 2014

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.

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Editorial: Logic, inconsistency and goals

Thursday, October 02, 2014

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.

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Issues & Regulations

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A revised proposed risk-based capital rule is expected to be issued for comment

Capital Reform

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.

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Merchants must be held accountable when fraud occurs on their end

Data Security

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.

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