News & Insight

FOMC to stay current course, no change in rates

Thursday, December 18, 2014

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.

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NCUA responds on data loss

Thursday, December 18, 2014

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.

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NAFCU Compliance Blog Post: One-Year Extension of the SCRA’s Post-Service Mortgage Protections

Thursday, December 18, 2014

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.

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Berger Leadership Blog Post: A CEO self-assessment

Thursday, December 18, 2014

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?

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Issues & Regulations

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New, proposed risk-based capital rule expected in January with a 90-day comment period

Capital Reform

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.

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Merchants must be held accountable when fraud occurs on their end

Data Security

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.

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