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  • Matz, Corday talk CU issues in today's webinar (Tuesday, February 9, 2016)
    NAFCU will monitor a joint webinar being held today by NCUA Board Chairman Debbie Matz and CFPB Director Richard Cordray on credit union issues.
  • CMF has funds for CDFIs into affordable housing (Tuesday, February 9, 2016)
    The Capital Magnet Fund administered by the Community Development Financial Institutions Fund has funding available for CDFI-certified credit unions and other institutions that support affordable housing activities. Applications for funding are due March 30.
  • CTK CU, under $200K, closes (Tuesday, February 9, 2016)
    The tiny CTK Credit Union of Milwaukee was served an order of liquidation Friday by the Wisconsin Office of Credit Unions and NCUA was appointed as the liquidating agent.
  • NAFCU meets with CFPB today on CU issues (Tuesday, February 9, 2016)
    NAFCU President and CEO Dan Berger and staff will meet with CFPB Acting Deputy Director David Silberman today to discuss top credit union regulatory concerns and NAFCU's suggestions for overdraft and payday lending, among other issues.
  • HSBC to pay $131M penalty to Fed over mortgage practices (Tuesday, February 9, 2016)
    HSBC North America Holdings Inc. and HSBC Finance Corporation will pay $131 million in assessed penalties to the Federal Reserve for alleged deficiencies in residential mortgage loan servicing and foreclosure processing.
  • Fazio talks to NAFCU Regulatory Committee today (Tuesday, February 9, 2016)
    NCUA Director of Examination and Insurance Larry Fazio will join today's meeting of the NAFCU Regulatory Committee to discuss the agency's 2016 supervisory focus and priorities, with an emphasis on cybersecurity risk mitigation and interest rate risk concerns.
  • Consumer credit at CUs up 1.4% (Tuesday, February 9, 2016)
    Total consumer credit for credit unions went up 1.4 percent in December and 2.5 percent during the fourth quarter of 2015, according to a NAFCU Macro Data Flash.
  • New House task forces target tax, reg relief (Monday, February 8, 2016)
    Six newly formed committee-led task forces charged with creating an economic-growth agenda for issues including tax reform, regulatory relief and national security, were announced last week by House Speaker Paul Ryan, R-Wis. NAFCU remains vigilant on educating lawmakers on these issues and how they impact credit unions.
  • On air: O'Brien talks CU political involvement (Monday, February 8, 2016)
    Discussing the impact of several regulatory and legislative issues affecting the financial services industry, NAFCU Director of Political Affairs Dan O'Brien talked about the importance of credit union involvement within the political process on BlogTalkRadio Friday.
  • Labor market improving, says NAFCU's Long (Monday, February 8, 2016)
    Meaningful improvements in the employment participation rate over the past six months suggest that "sidelined workers are being brought back into the labor pool," NAFCU's Curt Long said, quoted in MarketWatch for a piece on Friday's jobs report.
  • NAFCU backs FOM proposal but seeks more (Monday, February 8, 2016)
    NAFCU President and CEO Dan Berger on Friday said the association wholeheartedly supports NCUA’s proposed field-of-membership rule, but he said this is just a starting point on the road to securing comprehensive regulatory relief for credit unions.
  • Yellen headed to Hill for monetary policy hearings (Monday, February 8, 2016)
    Federal Reserve Chair Janet Yellen is headed to Capitol Hill this week to testify on monetary policy and the state of the economy. She testifies Wednesday before the House Financial Services Committee and Thursday before the Senate Banking Committee.
  • Senators introduce bills targeting DoL rule (Monday, February 8, 2016)
    Sens. Roy Blunt, R-Mo., Mark Kirk, R-Ill., and Johnny Isakson, R-Ga., all introduced bills late last week to combat the Labor Department's forthcoming rule on financial advising.
  • Berger responds to 'untruths' in CU Times (Monday, February 8, 2016)
    NAFCU President and CEO Dan Berger underscored credit unions' focus on ensuring their members valuable services at reasonable cost in his Feb. 5 reply to a Credit Union Times editorial criticizing the institutions' offering of overdraft services.
  • NAFCU backs NCUA FOM proposal, seeks more (Friday, February 5, 2016)
    NAFCU President and CEO Dan Berger today voiced the association's strong support for NCUA's field of membership proposed rule and made recommendations for creating more-comprehensive regulatory relief.
  • Warren: CFPB needs authority over auto dealers (Friday, February 5, 2016)
    Sen. Elizabeth Warren, D-Mass., told an advocacy group Wednesday that CFPB should have direct oversight of auto dealers rather than going through indirect auto lenders to address the market, American Banker reported.
  • House passes NAFCU-supported Choke Point bill (Friday, February 5, 2016)
    The House, voting 250-169, yesterday passed a bill to ensure banking regulators are not participating in the Justice Department's Operation Choke Point.
  • NAFCU kicks off BSA webcast series (Friday, February 5, 2016)
    NAFCU began a multipart series on Bank Secrecy Act compliance this week that seeks to help credit union compliance staff build a "bulletproof" BSA program.
  • Data breaches investigated at Neiman Marcus, Landry's (Friday, February 5, 2016)
    Neiman Marcus recently notified potentially affected customers that a data security breach may have comprised as many as 5,200 accounts in late December.
  • CU rep shares views at FASB credit-loss meeting (Friday, February 5, 2016)
    Credit unions' unique structure as member-owned, not-for-profit institutions was reiterated Thursday during a NAFCU-attended Financial Accounting Standards Board meeting where financial institution representatives, auditors and regulators shared their concerns over the board's current expected credit loss standard.
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