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NAFCU President and CEO Dan Berger reiterated the association's position on risk-based capital in a letter to NCUA Board Chairman Debbie Matz, urging that the board include major modifications to several key areas when it issues its second proposal.
The Federal Open Market Committee announced Wednesday at the close of its two-day meeting that it will stay its current monetary policy course and added that it can be "patient" in deciding when to begin normalizing policy.
NCUA’s recent loss of a thumb drive containing sensitive data from an
insured credit union “resulted from a failure to follow agency policies
on securing sensitive data,” agency Executive Director Mark Treichel
said in a statement Wednesday.
On Friday, the House and Senate unanimously passed a one-year extension of the Servicemembers Civil Relief Act's (SCRA's) post-service mortgage protections.
Most leaders of an organization have investors or boards of directors to hold them accountable on various financial obligations, expectations and goals. But what about other areas of our performance?
After NCUA Board Chairman Debbie Matz announced in September that she intends to request that a revised proposed risk-based capital rule be issued with a new comment period—which NAFCU has been pressing for since last year—she then announced on November 21, 2014 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.
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.