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  • Privacy notice rules eased some by CFPB (Tuesday, October 21, 2014)
    Credit unions that do not share members’ data with nonaffiliated third parties will no longer be required to mail privacy policy notices each year if they post those notices online and meet other conditions in a CFPB final rule released Monday.
  • FTC-CFPB debt collection roundtable Thursday (Tuesday, October 21, 2014)
    The Federal Trade Commission and CFPB on Thursday will co-host an all-day roundtable discussion in Long Beach, Calif., on how debt collection and credit reporting issues affect Latino consumers.
  • Carper lauds Obama's data security call (Tuesday, October 21, 2014)
    Sen. Tom Carper, D-Del., welcomed President Barack Obama's call for data breach legislation and pressed again for action on his own bill, the "Data Security Act," which would establish a national data security standard for retailers.
  • 45% of shoppers would avoid a breached store (Tuesday, October 21, 2014)
    A recent survey from CreditCards.com found that 16 percent of shoppers would "definitely" avoid a store they visit regularly, even during the holiday shopping season, if that store suffered a data breach, while another 29 percent said they would "probably" avoid the store.
  • Inc.com: CUs’ innovation drawing millennials (Tuesday, October 21, 2014)
    Credit unions’ focus on service and their adoption of technology products are helping the member-owned cooperatives draw millennials away from banks, reports Inc.com.
  • Watt: GSEs will set loan buy-back minimum (Tuesday, October 21, 2014)
    Federal Housing Finance Agency Director Mel Watt said government-sponsored enterprises Fannie Mae and Freddie Mac will set a minimum for the number of substandard loans permitted before lenders are required to repurchase them.
  • NAFCU at White House on housing reform (Tuesday, October 21, 2014)
    NAFCU President and CEO Dan Berger and other senior staff will meet with staff from the White House and the National Economic Council today to discuss housing finance reform and other important issues facing the credit union industry.
  • Rendell Jones succeeds Woodson as NCUA CFO (Monday, October 20, 2014)
    NCUA Board Chairman Debbie Matz on Friday announced that Rendell Jones will be the agency's new chief financial officer.
  • Fannie, Freddie may expand mortgage credit (Monday, October 20, 2014)
    Government-sponsored enterprises Fannie Mae and Freddie Mac are working on two proposals with their conservator, the Federal Housing Finance Agency, aimed at expanding mortgage credit and protecting lenders from penalties.
  • Treasury looks to improve guidance on MSBs (Monday, October 20, 2014)
    Treasury is looking to improve access to financial institution services for money transmitters, according to a recent blog post by Treasury Assistant Secretary for Terrorist Financing Daniel Glaser.
  • Apple Pay starts today, 500 FIs sign on (Monday, October 20, 2014)
    More than 500 financial institutions have reportedly signed on for the Apple Pay system, which launches today through Apple's iPhone 6 and 6 Plus, and Apple Watch.
  • 47% merchants to have EMV by end of 2015 (Monday, October 20, 2014)
    The Payments Security Task Force, of which NAFCU is a member, announced a forecast estimating that at least 47 percent of U.S. merchant terminals will have EMV chip-and-PIN technology by the end of 2015.
  • ECUM survey on liquidity, overdraft due Oct. 31 (Friday, October 17, 2014)
    NAFCU members have until Oct. 31 to submit their responses to the current Economic & CU Monitor survey, which includes a special focus on liquidity issues and overdraft practices.
  • Fed acts Oct. 22 on revised QRM proposal (Friday, October 17, 2014)
    A long-awaited, less-stringent interagency proposal defining qualified residential mortgages under the Dodd-Frank Act is slated for action during an Oct. 22 open meeting of the Federal Reserve Board.
  • NCUA Board slates flood insurance rule Oct. 23 (Friday, October 17, 2014)
    A proposed interagency rule from NCUA, CFPB and federal banking regulators on flood insurance is slated for action during the NCUA Board's Oct. 23 open meeting, which will also include review of a corporate proposed rule.
  • New CFPB report details student loan complaints (Friday, October 17, 2014)
    CFPB issued its annual report Thursday on private student loan borrowers, in which it says the largest group of loan complaints to the bureau are about a lack of repayment options and flexibility in times of distress.
  • Members' input sought on DoD rate cap proposal (Friday, October 17, 2014)
    NAFCU has issued a Regulatory Alert seeking members' input on the Defense Department proposal to apply the Military Lending Act's 36-percent rate cap to more consumer credit products.
  • Reg Seminar final stretch: BSA, complaint process (Friday, October 17, 2014)
    Today is the final day of NAFCU's 2014 Regulatory Compliance Seminar, where credit unions' compliance teams will discuss crisis management, review new guidance from the Financial Crimes Enforcement Network and NCUA and walk through CFPB's complaint process.
  • Report: Federal agencies to switch to EMV (Friday, October 17, 2014)
    The White House is about to ask federal agencies to use EMV microchip technology for its benefits prepaid cards, rather than cards with only magnetic strips, The Hill reported.
  • Berger, Contreras-Sweet talk CU biz lending (Friday, October 17, 2014)
    Efforts underway to get more credit unions engaged with Small Business Administration micro-lending were discussed Thursday among SBA Administrator Maria Contreras-Sweet, NAFCU President and CEO Dan Berger and Regulatory Affairs Counsel PJ Hoffman.
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