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MADISON, Wis.–The World Council of Credit Unions told the Basel Committee on Banking Supervision it supports NCUA having discretion to NOT apply interest rate risk-rules to credit unions.

The race to be on the November, 2016 ballot for President of the United States started the day after President Obama was re-elected in November, 2012. Elections in our country have become a never-ending topic of conversation with campaigns starting years before voters even start thinking about casting a ballot.

NEW YORK–Royal Bank of Scotland Group PLC has agreed to pay $129.6 million to NCUA to resolve claims that it sold toxic mortgage-backed securities to now-failed corporate CUs.

RALEIGH, N.C. – Representatives from State Employees’ Credit Union (SECU) and the SECU Foundation were in New London, N.C. to celebrate the groundbreaking of SECU Veterans Hall, a dormitory for female cadets at the Tarheel ChalleNGe Academy (TCA) II in Stanly County. 

ALEXANDRIA, Va.—As CUToday.info first reported, NCUA has settled with the Royal Bank of Scotland to resolve claims that it sold toxic mortgage-backed securities to the now-failed Southwest Corporate FCU and Members United Corporate CU.

DES MOINES, Iowa – The Iowa Credit Union League honored six credit union representatives with more than 175 years of experience between them during its annual convention here.

PADUCAH, Ky.—Debra C. Pyfrom, the former manager of the International Brotherhood of Electrical Workers Local 816 Federal Credit Union, has pleaded guilty in U.S. District Court to a single charge of bank fraud.

WASHINGTON–CUNA has sent a letter to the House Financial Services Committee to encourage the committee to consider H.R. 2769, the Risk-Based Capital Study Act.

ARLINGTON, Va.–Both NAFCU and NASCUS have provided feedback to NCUA on its third round of regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA), and both trade groups see a number of issues they want to see resolved.

VIRGINIA BEACH, Va.—Brian Schools has been named president and CEO of Chartway FCU.