ALEXANDRIA, Va.--The growing cases of small CU fraud were on the mind of Board Member Mark McWatters at Thursday’s open board meeting. McWatters suggested that the agency step up its focus in investigating such fraud.
Fresh Today
ALEXANDRIA, Va.—In addition to announcing no NCUSIF premium will be assessed, the NCUA board this morning approved an interagency proposed rule that covers part 760 of the NCUA's rules and regulations.
ALEXANDRIA, Va.—At its open board meeting Thursday, NCUA announced it will not be assessing credit unions an NCUSIF premium in 2014.
WASHINGTON—Home lenders won a partial victory in new mortgage rules from the regulatory agencies.
NEW YORK—EMV payment cards may be on their way, with reductions in card fraud expected to follow, but one person is warning that until that takes place fraud will increase in the short term.
ROCHESTER, N.Y.—Many middle-class Americans won’t be ready for retirement, according to a new survey that indicates this consumer segment is currently saving too little, or nothing at all, for the golden years.
KANSAS CITY, Mo./SAN FRANCISCO—If the Giants win the World Series, San Francisco FCU’s Steven Stapp will hand out bottles of barbecue sauce to staff. If the Kansas City Royals prevail, Mazuma CU’s Brandon Michaels will dole out sourdough bread to the team.
ARLINGTON, Va.—NAFCU is pushing for credit unions to get more time to analyze a Department of Defense proposed rule to widen the types of loans covered by the Military Lending Act, impacting CUs that lend to military service members and their families.
ALEXANDRIA, Va.—Despite CU private student loan delinquencies falling well below the overall private student loan market default rate, NCUA said it remains concerned over credit unions and student loan debt.
WASHINGTON—Both credit union trade associations have made a list of top association lobbyists in Washington as published by The Hill, which covers politics.
Listed were NAFCU’s Dan Berger, CEO, and Brad Thaler, VP of Legislative Affairs (the 12th and seventh year in a row for each, respectively), as well as new CUNA CEO Jim Nussle.
The Hill described Nussle as a “former House Budget Committee chairman and Office of Management and Budget director” taking the reins at CUNA “where he’ll continue to fight against banks to save credit unions’ tax exemption.”