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  • Hoffman: CUs' member complaint process 'second to none' (Tuesday, September 23, 2014)
    NAFCU Regulatory Affairs Counsel PJ Hoffman told CFPB Monday that the member complaint process credit unions have in place through NCUA is "second to none" and detailed NAFCU's opposition to the bureau's proposed policy to allow disclosure of consumer complaint narrative data.
  • White House honors New Mexico Educators FCU employee (Tuesday, September 23, 2014)
    At the White House last night, Shana Runck, assistant vice president of community relations and financial capabilities with NAFCU-member New Mexico Educators Federal Credit Union, received the Champions of Change award and was honored for the work she is doing in her community.
  • CUAC talks overdraft, consumer complaints Oct. 1 (Tuesday, September 23, 2014)
    CFPB's Credit Union Advisory Council, which includes four newly appointed NAFCU member credit unions, will discuss overdrafts and consumer complaints during its next meeting with bureau Director Richard Cordray from 3:30 to 5:30 p.m. Eastern Oct. 1.
  • GAO report echoes NAFCU concerns with CFPB data collection (Tuesday, September 23, 2014)
    A Government Accountability Office report Monday on CFPB's data collection activities echoes numerous concerns raised by NAFCU regarding privacy and security procedures that should be enhanced by CFPB in implementing its data collections.
  • NCUA issues letter on capital, stress tests at big CUs (Tuesday, September 23, 2014)
    NCUA issued a supervisory letter this month on capital planning and stress testing to guide field staff for the Office of National Examinations and Supervision in reviewing related activity at credit unions with $10 billion or more in assets.
  • Existing-home sales down 5.3% in August (Tuesday, September 23, 2014)
    Existing-home sales slowed to a pace of 5.05 million units, seasonally adjusted, in August – but were still at the second-highest sales pace of the year, according to a NAFCU Macro Data Flash.
  • Today: NAFCU member call-in at 4 p.m. Eastern (Tuesday, September 23, 2014)

    2014-09-23 Credit unions will get the latest on NAFCU’s efforts to garner regulatory relief for credit unions and ensure NCUA “gets it right” on risk-based capital during today’s member-only call-in, slated for 4 p.m. Eastern. The call-in, “ A Credit Union Industry Update ,” will feature NAFCU President and

  • HMDA statements out to individual lenders (Tuesday, September 23, 2014)
    The Federal Financial Institutions Examination Council yesterday announced the release of 2013 data collected under the Home Mortgage Disclosure Act, including individual disclosure statements that mortgage lenders must post in home offices.
  • NAFCU launches new CU Operating Expense Report (Monday, September 22, 2014)
    NAFCU has launched its first quarterly CU Operating Expense Report,which is based on the latest NCUA 5300 quarterly call report data and provides each NAFCU member credit union an analysis of its non-interest expense.
  • Home Depot: 56 million cardholders affected (Monday, September 22, 2014)
    In what is now the largest retailer data breach known, Home Depot last week announced that 56 million cardholder accounts were compromised between April and September at its stores throughout the U.S. and Canada.
  • Congress wraps up, set to return post elections (Monday, September 22, 2014)
    Both the House and Senate wrapped up their current session in Washington Thursday with the passage of a continuing resolution bill funding government operations. Lawmakers are back in their districts preparing for the upcoming fall elections.
  • Members' input sought on FHFA single-security plan (Monday, September 22, 2014)
    NAFCU has issued a Regulatory Alert requesting member comments on the Federal Housing Finance Agency's proposed structure for a single security that would be issued and guaranteed by government-sponsored enterprises Fannie Mae and Freddie Mac.
  • Hensarling criticizes CFPB auto-finance rules (Monday, September 22, 2014)
    House Financial Services Committee Chairman Jeb Hensarling, R-Texas, wrote CFPB Director Richard Cordray to express frustration about the agency's lack of transparency regarding its auto-lending rules, according to The Hill.
  • McWatters favors 2nd RBC comment period (Monday, September 22, 2014)
    NCUA Board Member Mark McWatters told NAFCU in a private meeting last week that he favors having a second public comment period on NCUA’s risk-based capital proposal.
  • NAFCU Today has gone mobile-friendly (Monday, September 22, 2014)
    NAFCU Today recipients may notice a difference in the appearance of this daily news email from NAFCU – the email format is “responsive.”
  • NAFCU webcast eyes TILA-RESPA mortgage rule (Friday, September 19, 2014)
    Compliance gurus will discuss what credit unions need to do to prepare for the Truth in Lending Act-Real Estate Settlement Procedures Act (TILA-RESPA) integrated mortgage-disclosure rule during NAFCU's next webcast on Oct. 1.
  • CUs proactive on Home Depot data breach (Friday, September 19, 2014)
    Reports say credit unions and banks are already starting to reissue cards to members and customers possibly affected by the Home Depot data breach, an incident some say could lead to as much as $3 billion in fraudulent charges on stolen cards.
  • Johnson, Crapo urge more time for FHLB member criteria (Friday, September 19, 2014)
    Senate Banking Committee Chairman Tim Johnson, D-S.D., and Ranking Member Mike Crapo, R-Idaho, wrote Federal House Finance Agency Director Mel Watt requesting a 60-day extension of the comment period regarding proposed changes to Federal Home Loan Bank membership criteria.
  • Still no future TCCUSF assessments expected (Friday, September 19, 2014)
    NCUA Board and staff members reiterated Thursday that no further assessments on credit unions for the Temporary Corporate Credit Union Stabilization Fund are anticipated at the present time.
  • Fed: Card payment fraud losses $1.57B in 2013 (Friday, September 19, 2014)
    NAFCU Chief Economist and Director of Research Curt Long said the Federal Reserve's data on 2013 debit card transactions shows the incidence of fraud throughout the payments system is rising and cost $1.57 billion in losses last year.
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