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  • Krebs: Reports of Atlanta parking service data breach (Thursday, December 18, 2014) reported this week that an Atlanta-based airport parking service, Park-n-Fly, may have been hit by an online credit card breach, based on financial institutions reporting a pattern of fraud.
  • CFPB sues Sprint, 'sham' credit card firm (Thursday, December 18, 2014)
    CFPB filed lawsuits against Sprint Corporation and a Texas-based company Wednesday, accusing the former of "cramming" consumers by billing for unauthorized third-party charges and the latter of promoting a "sham" credit card.
  • Inflation down 0.3% in November (Thursday, December 18, 2014)
    Data from the Bureau of Labor Statistics showed a 0.3 percent decrease for overall inflation in November, which NAFCU Chief Economist and Director of Research Curt Long said was the largest decline in headline consumer inflation in six years.
  • 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.
  • NAFCU video: ‘Together We Are Strong’ (Thursday, December 18, 2014)
    NAFCU is encouraging credit unions to join the association in the fight against regulatory burdens and the growing challenges from Wall Street banks in its new membership video initiative, “Together We Are Strong.”
  • Berger reiterates RBC concerns to Matz, encourages working group (Thursday, December 18, 2014)
    NAFCU President and CEO Dan Berger reiterated the association's position on risk-based capital in a letter to NCUA Board Chairman Debbie Matz, urging that the board include major modifications to several key areas when it issues its second proposal.
  • NCUA sues bank trustees of MBS sold to corporates (Thursday, December 18, 2014)
    NCUA on Wednesday announced it is has filed a lawsuit against U.S. Bank National Association and Bank of America National Association, saying the banks failed to follow through on their legal duties as trustees for 99 residential mortgage-backed securities trusts, in turn harming corporate credit unions.
  • 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.
  • First 2015 grant round for low-income CUs open (Thursday, December 18, 2014)
    NCUA is inviting applications for its first grant round of 2015, for low-income credit unions interested in providing staff training or hiring interns through funds from the Community Development Revolving Loan Fund.
  • FOMC, Yellen set to address next policy actions (Wednesday, December 17, 2014)
    The Federal Open Market Committee completes a two-day monetary policy meeting today, with a policy statement and press conference with Fed Chair Janet Yellen expected to address any next policy steps ahead.
  • Hunt, in video, talks RBC, credit-check, more (Wednesday, December 17, 2014)
    NAFCU Senior Vice President of Government Affairs and General Counsel Carrie Hunt provides a year-end regulatory and legislative recap in a video message on issues such as NCUA's risk-based capital proposal, the Department of Defense's credit-check proposal, the credit union tax exemption and CFPB rulemaking.
  • Berger writes Matz urging better data protection (Wednesday, December 17, 2014)
    NAFCU President and CEO Dan Berger urged NCUA Board Chairman Debbie Matz to review internal policies and procedures for safeguarding credit unions' sensitive data in light of an NCUA examiner's reported loss of an external flash drive containing secure information from a credit union.
  • ECUM: CUs already apply limited liability for prepaids (Wednesday, December 17, 2014)
    The December issue of the NAFCU Economic & CU Monitor looked at credit unions' practices with prepaid cards and also found that NAFCU members anticipate growth in 2015.
  • P.F. Chang's class actions dismissed (Wednesday, December 17, 2014)
    A U.S. district judge dismissed two class action suits filed against restaurant chain P.F. Chang's in the wake of its data security breach that affected as many as 7 million cards.
  • PST: Data security needs multi-tiered approach (Wednesday, December 17, 2014)
    The Payment Security Task Force, of which NAFCU is a member, released a "U.S. Payments Security Evolution and Strategic Road Map" that echoes NAFCU's long-held view that no single measure, such as chip technology, is enough to ensure data security.
  • New members named for key congressional committees (Wednesday, December 17, 2014)
    Senate and House leaders recently announced new committee member line-ups for the 114th Congress beginning in January, including new members of the Senate Banking and Finance Committees.
  • NCUA releases board members' individual office budgets (Wednesday, December 17, 2014)
    Citing a goal of further enhancing its budget and operations transparency, NCUA on Tuesday posted the individual office budgets of each of its board members online, a move welcomed by NAFCU as it continues to push the agency toward even greater transparency.
  • FOMC 2-day policy setting session begins (Tuesday, December 16, 2014)
    The Federal Open Market Committee begins a two-day policy setting session today that will determine the Fed's next moves, if any, for the economy now that it has announced the end of its asset-purchase program.
  • Health One CU closed (Tuesday, December 16, 2014)
    The Michigan Department of Insurance and Financial Services liquidated Health One Credit Union of Detroit on Friday, and NCUA was named liquidating agent.
  • CFPB: College credit card agreements down (Tuesday, December 16, 2014)
    A CFPB report on college credit card agreements shows a 70 percent decline in such agreements since the Credit Card Accountability, Responsibility, and Disclosure Act was passed in 2009.
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