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  • NAFCU backs NCUA FOM proposal, seeks more (Friday, February 5, 2016)
    NAFCU President and CEO Dan Berger today voiced the association's strong support for NCUA's field of membership proposed rule and made recommendations for creating more-comprehensive regulatory relief.
  • Warren: CFPB needs authority over auto dealers (Friday, February 5, 2016)
    Sen. Elizabeth Warren, D-Mass., told an advocacy group Wednesday that CFPB should have direct oversight of auto dealers rather than going through indirect auto lenders to address the market, American Banker reported.
  • House passes NAFCU-supported Choke Point bill (Friday, February 5, 2016)
    The House, voting 250-169, yesterday passed a bill to ensure banking regulators are not participating in the Justice Department's Operation Choke Point.
  • NAFCU kicks off BSA webcast series (Friday, February 5, 2016)
    NAFCU began a multipart series on Bank Secrecy Act compliance this week that seeks to help credit union compliance staff build a "bulletproof" BSA program.
  • Data breaches investigated at Neiman Marcus, Landry's (Friday, February 5, 2016)
    Neiman Marcus recently notified potentially affected customers that a data security breach may have comprised as many as 5,200 accounts in late December.
  • CU rep shares views at FASB credit-loss meeting (Friday, February 5, 2016)
    Credit unions' unique structure as member-owned, not-for-profit institutions was reiterated Thursday during a NAFCU-attended Financial Accounting Standards Board meeting where financial institution representatives, auditors and regulators shared their concerns over the board's current expected credit loss standard.
  • $1.6M Cory Methodist Church CU conserved (Friday, February 5, 2016)
    Cory Methodist Church Credit Union of Ohio was placed into conservatorship Thursday by the Superintendent of the Ohio Division of Financial Institutions, which appointed NCUA as conservator.
  • Berger meets with leaders in House, Senate (Friday, February 5, 2016)
    NAFCU President and CEO Dan Berger on Thursday met with Senate Homeland Security and Governmental Affairs Committee Chairman Ron Johnson, R-Wis., and House Ways and Means Oversight Subcommittee Chairman Peter Roskam, R-Ill., to discuss top credit union issues.
  • House passes NAFCU-backed Choke Point bill (Thursday, February 4, 2016)
    The House, voting 250-169, today passed a bill to ensure banking regulators are not participating in the Justice Department's Operation Choke Point.
  • Vehicle sales up in January despite snowstorm (Thursday, February 4, 2016)
    Supported by a 13 percent jump in incentive spending by automakers, total vehicle sales in January increased to a pace of 17.6 million seasonally adjusted annualized units – despite a severe snowstorm.
  • NAFCU urges NIST to keep cyber framework voluntary (Thursday, February 4, 2016)
    NAFCU yesterday encouraged the National Institute of Standards and Technology to keep its cybersecurity framework voluntary and that the framework remains "scalable and flexible in its application to financial institutions of all sizes and structures."
  • Ways and Means clears financial adviser bill (Thursday, February 4, 2016)
    By a vote of 26-12, the House Ways and Means Committee yesterday favorably reported out H.R. 4294, the "SAVERS Act of 2015," which aims to ensure that financial advisers act in the best interests of their clients.
  • NAFCU at FASB credit-loss roundtable today (Thursday, February 4, 2016)
    NAFCU today is attending the Financial Accounting Standards Board's public meeting where community bank representatives, auditors and banking regulators will share their views and concerns over measuring credit losses on financial assets.
  • NAFCU to monitor week's debates (Thursday, February 4, 2016)
    NAFCU will monitor tonight's Democratic debate, set for 9 p.m. Eastern at the University of New Hampshire in Durham, as well as Saturday's Republican debate, set for 8 p.m. Eastern at Saint Anselm College in Manchester, N.H.
  • Berger on Capitol Hill, meets with leaders (Thursday, February 4, 2016)
    NAFCU President and CEO Dan Berger this week met with House Veterans Affairs Committee Chairman Jeff Miller, R-Fla., and House Minority Whip Steny Hoyer, D-Md., to discuss top credit union issues and NAFCU advocacy goals.
  • Wells Fargo to pay $1.2B for 'reckless' lending (Thursday, February 4, 2016)
    Wells Fargo & Co. settled with the U.S. government for $1.2 billion on Wednesday to resolve a 2012 suit accusing the mortgage lender of a "regular practice of reckless origination and underwriting."
  • House vote on NAFCU-backed Choke Point bill today (Thursday, February 4, 2016)
    A NAFCU-supported bill to ensure banking regulators are not participating in the Justice Department's Operation Choke Point is expected to get a House vote today. NAFCU Vice President of Legislative Affairs Brad Thaler urged House leaders to support the bill.
  • Thaler to Hill: CUs make good small biz partners (Thursday, February 4, 2016)
    Credit unions work well with small businesses and have the capital to help them thrive, but they are limited by the arbitrary member business lending cap, NAFCU Vice President of Legislative Affairs Brad Thaler told the House Small Business Committee in advance of today's budget mark-up.
  • CFPB pushes overdraft-free checking option, issues bulletin under FCRA (Thursday, February 4, 2016)
    CFPB on Wednesday urged the nation's 25 largest retail banks to offer lower-risk deposit accounts to "help consumers avoid overdrafting" and issued a bulletin reminding banks and credit unions of the accurate-reporting requirements of the Fair Credit Reporting Act.
  • CFPB urges overdraft-free checking option, issues bulletin (Wednesday, February 3, 2016)
    CFPB early this morning announced it has urged the nation's 25 largest retail banks to offer lower-risk deposit accounts "that help consumers avoid overdrafting" and a bulletin reminding both banks and credit unions of the accurate-reporting requirements of the Fair Credit Reporting Act.
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