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2014 News

  • Berger urges budget restraint, transparency in letter to Matz (July 29, 2014) Topics: Daily News
    NAFCU President and CEO Dan Berger wrote NCUA Board Chairman Debbie Matz on Monday to encourage the agency to review each budget item for potential cost-savings as well as to urge greater transparency with the funds it manages.
  • Michaels damages case dismissed (July 29, 2014) Topics: Daily News
    An Illinois district court dismissed the class action suit against Michaels Stores Inc. seeking damages from the chain's data security breach earlier this year, on the grounds that "actual economic damage" had not been proven.
  • NAFCU urges RBC amendment at panel mark-up (July 29, 2014) Topics: Daily News
    The House Financial Services Committee today will markup several regulatory relief measures, including H.R. 4042, the "Community Bank Mortgage Servicing Asset Capital Requirements Study Act of 2014," which would put a "stop and study" requirement in place for certain aspects of the new Basel III rules as they relate to mortgage servicing assets.
  • WSJ: Banks targeting underbanked consumers (July 29, 2014) Topics: Daily News
    Banks facing slow revenue growth are increasingly targeting consumers who have basic bank accounts according to a survey from KPMG LLP.
  • A.C. case studies: CEOs collaborate; working MBL (July 28, 2014) Topics: Daily News
    Two case studies presented during NAFCU's Annual Conference Friday covered lessons from six small credit union CEOs and how they joined together to prevent merging, and FedChoice Federal Credit Union's effective member business lending program.