News

NAFCU Today is NAFCU’s free daily enewsletter. It is the leading source of news covering all credit union industry matters and has more than 8,500 subscribers. NAFCU Today publishes more than 1,200 articles a year. Sign up to have NAFCU Today delivered right to your inbox each morning.

Filter By Year:

Filter By Month:

Order By:

Results

  • Matz to push RBC proposal for January, 90-day comment period (Friday, November 21, 2014)
    NCUA Board Chairman Debbie Matz announced 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.
  • Financial Services subcommittee chairmen named (Friday, November 21, 2014)
    House Financial Services Committee Chairman Jeb Hensarling, R-Texas, yesterday announced his selection of chairmen to lead the financial services subcommittees in the 114th Congress.
  • CFPB proposes expansion of mortgage servicing protections (Friday, November 21, 2014)
    CFPB on Thursday proposed to require mortgage servicers to provide specific borrowers with foreclosure protections more than once over the life of their loan, clarify when a borrower becomes delinquent and take additional steps to protect borrowers from a wrongful foreclosure sale, among other things.
  • Existing-home sales up, CPI flat (Friday, November 21, 2014)
    According to data analyzed in the latest Macro Data Flash reports from NAFCU's research team, existing-home sales went up by 1.5 percent in October, while the Consumer Price Index remained at 1.7 percent, where it was in September.
  • FOMC conflicted on interest rate increases (Friday, November 21, 2014)
    Minutes from the Oct. 29 meeting of the Federal Open Market Committee show committee members face a dilemma regarding future interest rate increases due to competing trends in the labor market and inflation.
  • Luetkemeyer bill would counter 'Choke Point' (Friday, November 21, 2014)
    Rep. Blaine Luetkemeyer, R-Mo., introduced legislation that would rein in the Justice Department's "Operation Choke Point" initiative by restricting its ability to order the termination of accounts in financial institutions, including credit unions.
  • NCUA Board clears budget items, all 2-1; budget up $11.2M (Friday, November 21, 2014)
    The NCUA Board on Thursday approved a $279.5 million operating budget for 2015, raising the budget $11.2 million, or 4.2 percent, from this year. Each component requiring action was approved on a vote of 2-1, with Board Member Mark McWatters dissenting.
  • McWatters pushes back on budget growth, disclosure (Friday, November 21, 2014)
    NCUA Board Member Mark McWatters pushed back during Thursday’s open board meeting on the agency’s growing budget, transparency in how the agency spends the funds it receives from credit unions and the impact of public budget hearings.
  • No stabilization assessment seen for 2015 (Friday, November 21, 2014)
    NCUA staff told the board Thursday that no assessment is likely to be needed next year for the Temporary Corporate Credit Union Stabilization Fund and that any share insurance premium would likely be in the range of 0 to 5 basis points.
  • NCUA Board, 2-1, OKs budget hike; Matz says cutting 'not an option' (Thursday, November 20, 2014)
    The NCUA Board today approved a $279.5 million operating budget for 2015 – an increase of $11.2 million, or 4.2 percent, from last year. To repeated calls that the agency reduce its budget, NCUA Board Chairman Debbie Matz said that is "not an option."
  • Matz: NCUA will comment on DoD credit proposal (Thursday, November 20, 2014)
    NCUA plans to "submit formal comments" on the Department of Defense's proposed rule changing the definition of consumer credit under the Military Lending Act, NCUA Board Chairman Debbie Matz says in the latest issue of The NCUA Report.
  • Watt: Fewer than 100 FIs directly affected by FHLB proposal (Thursday, November 20, 2014)
    Federal Housing Finance Agency Director Mel Watt told members of the Senate Banking Committee yesterday that fewer than 100 financial institutions might be adversely affected under the agency's proposal to adjust membership criteria for the Federal Home Loan Banks.
  • NAFCU, others flag Senate appropriations lender fee (Thursday, November 20, 2014)
    NAFCU, with eight other organizations, on Wednesday warned that language creating a fee for lenders in the Transportation, Housing and Urban Development, and Related Agencies fiscal 2015 spending bill "is overly broad and could negatively impact consumers and lenders alike."
  • Hensarling, others ratified for panel chairmanships (Thursday, November 20, 2014)
    Republicans in the House of Representatives ratified recommendations for chairmen for several committees Wednesday, including the appointment of Rep. Jeb Hensarling, R-Texas, to remain as chairman of the House Financial Services Committee when the 114th Congress opens in January.
  • NCUA's 2015 budget, assessment estimates slated today (Thursday, November 20, 2014)
    The NCUA Board is poised to set the agency's 2015 operating budget, overhead transfer rate and operating fee scale and will hear the quarterly report on the Temporary Corporate Credit Union Stabilization Fund during its open meeting today.
  • Senate panel on aging targets phone fraud (Thursday, November 20, 2014)
    Victim-assisted fraud in which seniors are conned into transferring money to criminals over the phone using PINs for prepaid debit cards was the topic of a hearing Wednesday by the Senate Special Committee on Aging, which also discussed how changes to card reloading methods might help.
  • Staples confirms data breach (Wednesday, November 19, 2014)
    Staples confirmed that its point-of-sale systems were breached by malware earlier this year, according to BankInfoSecurity.com, but the office supply retailer has not announced how many of its more than 2,000 stores worldwide were affected.
  • NCUA: Only 47 late call-report filers in 3Q (Wednesday, November 19, 2014)
    NCUA announced that the number of federally insured credit unions filing call report data late declined to 47 in the third quarter.
  • Hagel again pushes Congress for BRAC authority (Wednesday, November 19, 2014)
    Defense Secretary Chuck Hagel recently reissued his call to Congress for a new round of military base closures and cut-back on troop benefits to give the Pentagon more flexibility to address its own budget before year-end, according to The Hill.
  • ECUM: More CUs would join FHLB for liquidity (Wednesday, November 19, 2014)
    The November issue of the NAFCU Economic & CU Monitor examined credit union membership in Federal Home Loan Banks and found that 50 percent of respondents would be more likely to join FHLBs if it satisfied NCUA's liquidity rule.
  • 12345...Next