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  • EMV, security in view today at Mobile Payments Day (Tuesday, September 30, 2014)
    NAFCU is participating in the 2014 Mobile Payments Day today in Washington, where mobile payment companies, retailers and federal regulators will discuss security, consumer experience, EMV migration and other issues relating to the mobile payments industry.
  • NCUA webinars eye pricing, loans, internal controls (Tuesday, September 30, 2014)
    NCUA is hosting three webinars for credit unions this fall – Oct. 15, Nov. 19 and Dec. 17 – covering product pricing, loan portfolios and internal controls, respectively.
  • FinCEN writes on currency-transporter exemptions (Tuesday, September 30, 2014)
    The Financial Crimes Enforcement Network explains specific exemptions for money transporters from anti-money laundering requirements in a recent administrative ruling, No. FIN-2014-R010.
  • CFPB orders Michigan bank to pay $37.5M (Tuesday, September 30, 2014)
    CFPB took action against Michigan-based Flagstar Bank and ordered it to pay a total of $37.5 million for allegedly violating the mortgage servicing rules surrounding foreclosures, which the bureau said illegally prevented borrowers from saving their homes.
  • Economic & CU Monitor survey deadline today (Tuesday, September 30, 2014)
    Today is the deadline for NAFCU members to submit responses to the association's current Economic & CU Monitor survey, which asks about members' experience with data security breaches and what precautions they have taken.
  • Payments system roadmap expected this fall (Tuesday, September 30, 2014)
    The Federal Reserve, which held a two-day payments symposium last week in Chicago, is expected to produce a roadmap for payments system improvements in the next few months.
  • Berger lauds Matz for leadership in calling for 2nd RBC proposal (Tuesday, September 30, 2014)
    NAFCU President and CEO Dan Berger on Monday lauded NCUA Board Chairman Debbie Matz’s leadership in announcing the agency plans a second notice-and-comment period on the risk-based capital proposal – something NAFCU and its members have been seeking for the past year.
  • Matz: 2nd RBC comment period planned (Monday, September 29, 2014)
    NCUA today said a second proposal on risk-based capital – which NAFCU has been pressing for over the past year – could be issued for comment before the end of this year.
  • U.S. economy grows a strong 4.6% in 2Q (Monday, September 29, 2014)
    The U.S. economy grew 4.6 percent in the second quarter, the strongest quarterly growth since 2011, said NAFCU Chief Economist and Director of Research Curt Long.
  • NAFCU asks Obama for retailer accountability in data breaches (Monday, September 29, 2014)
    NAFCU President and CEO Dan Berger wrote to President Barack Obama to urge support for legislative action on a national data security standard for retailers as news of successive massive data breaches at major retailers continues to break.
  • Thaler seeks lame-duck action in Senate on CU reg relief (Monday, September 29, 2014)
    NAFCU Vice President of Legislative Affairs Brad Thaler on Friday urged Senate leaders to address some House-passed regulatory relief measures – on privacy notices, IOLTA parity and a qualified mortgage points-and-fees fix – during Congress' lame-duck session following the fall elections.
  • FHLBs of Des Moines and Seattle to merge (Monday, September 29, 2014)
    The Federal Home Loan Banks of Des Moines and Seattle have announced they will merge, after entering into an arrangement to prepare for a potential merger in August.
  • With DoD proposal, NAFCU urges NCUA review of 'finance charge' (Monday, September 29, 2014)
    NAFCU Director of Regulatory Affairs Mike Coleman on Friday urged NCUA to consider altering its treatment of "finance charge" to prevent unintended consequences from a Defense Department Military Lending Act proposal, which would apply a 36 percent rate cap to more products.
  • Signature Systems says Jimmy John’s not only impact (Monday, September 29, 2014)
    The hacking incident that affected 216 Jimmy John’s stores nationwide also affected more than 100 other restaurants and shops, according to Signature Systems, the point-of-sale vendor whose login credentials were stolen and used in these incidents.
  • Regulators urge CUs, banks to address ‘Shellshock’ (Monday, September 29, 2014)
    The Federal Financial Institutions Examination Council on Friday released a statement urging credit unions and banks to quickly address the “Shellshock” vulnerability by applying patches to their Bash software.
  • DoD proposes MLA’s 36% cap for more products (Friday, September 26, 2014)
    The Department of Defense has issued a proposal that would expand the credit products which are covered by the Military Lending Act's 36-percent rate cap.
  • CFPB orders U.S. Bank to refund $48M (Friday, September 26, 2014)
    CFPB on Thursday ordered U.S. Bank to pay a $48 million refund to consumers who were unfairly charged for various identity protection and credit monitoring services they did not receive or authorize.
  • The Hill: Lawmakers see 2015 action on data security (Friday, September 26, 2014)
    Despite recent news of the Home Depot data breach affecting more consumers than even the Target data breach late last year, as NAFCU's Carrie Hunt told The Hill Wednesday, Congress is likely to wait to address the issue until 2015.
  • Walmart readying new checking account (Friday, September 26, 2014)
    Walmart has announced it will offer a new checking account – the "GoBank" account – by the end of October and will charge low or no fees.
  • Chicago Fed payments symposium underway (Friday, September 26, 2014)
    The Federal Reserve is still looking at result of its payments system improvements project, the backdrop for a two-day payments symposium at the Chicago Federal Reserve Bank that concludes today.
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