Fresh Today

Fresh Today

ALEXANDRIA—NCUA Vice Chairman Rick Metsger has issued a statement reiterating his position that “modernizing field-of-membership regulations is the most important issue for the long-term health of America’s credit unions.”

DES MOINES, Iowa—To help lighten the regulatory burden facing CUs in their states, the Ohio Credit Union League and the California and Nevada Credit Union Leagues recently purchased minority equity stakes in PolicyWorks.

IRVINE, Calif.—Some 1.2 million borrowers regained equity in their homes in 2014, bringing the total number of mortgaged residential properties with equity at the end of Q4 2014 to approximately 44.5 million or 89% of all mortgaged properties, according to CoreLogic.

AUSTIN, Texas—Texas State Rep. Richard Raymond (D-Laredo) has introduced a bill that seeks to address retailer data breaches by making it illegal for a business or its service provider to retain sensitive information on credit, debit, or prepaid cards after the transaction is complete or, in the case of PIN debit transactions, more than 48 hours after authorization.