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Top 10 INews NowI stories for December (01/03/2011)
MADISON, Wis. (1/4/11)--Stories about interchange fees and legislation dominated December’s credit union news with four spots in the top 10 stories for the month in News Now. The stories are: 10. Fed offers two plans for interchange fees WASHINGTON (12/17/10)--The Federal Reserve on Thursday issued for public comment its proposed rules addressing interchange fees. 9. NCUA CU risk concentration regs out next year--Matz WASHINGTON (12/10/10)--The National Credit Union Administration (NCUA) is developing new regulations on natural person credit union risk concentrations, and those regulations will be released during the first quarter of 2011, NCUA Chairman Debbie Matz said during a Thursday Senate hearing. 8. Agencies issue guidelines on real estate appraisals/evaluations WASHINGTON (12/3/10)--The National Credit Union Administration (NCUA), in conjunction with other federal financial institution regulators, has emphasized that financial institutions are responsible for selecting appraisers and people performing evaluations based on their competence, experience, and knowledge of the market and type of property being valued. 7. New survey: CUs on top in customer satisfaction MADISON, Wis. (12/8/10)--Credit unions and small banks lead their larger rivals in customer satisfaction and loyalty, according to the Prime Performance 2010 Bank and Credit Union Satisfaction Survey released Tuesday. 6. Rep. Frank shares interchange concerns for CUs WASHINGTON (12/21/10)--The implementation of still-pending interchange regulations, if not properly crafted, “may have unintended consequences” for credit unions and consumers, Rep. Barney Frank (D-Mass.) recently said in a letter to the Federal Reserve. 5. CUNA to Fed: Interchange rules confirm CU fears WASHINGTON (12/20/10)--The Federal Reserve’s proposed rule on interchange fees, which was introduced late last week, confirms the Credit Union National Association’s (CUNA) “worst fears about the inadequacies of the purported protections” for credit unions and other smaller issuers of debit cards, CUNA President/CEO Bill Cheney has said. 4. Gift cards as meeting incentive? NCUA says yes but … ALEXANDRIA, Va. (12/16/10)--In a legal opinion released this week, the National Credit Union Administration (NCUA) advised a federal credit union that sought to increase participation at its yearly meeting by giving $25 gift cards to members in attendance. 3. NCUA tech amendments bill passed by House WASHINGTON (12/23/10)--The House on Wednesday approved a technical corrections bill that would provide the National Credit Union Administration (NCUA) with new tools to address both troubled individual credit unions and the larger corporate credit union crisis. 2. Scams zero in on home equity lines MADISON, Wis. (12/29/10)--Identity thieves are having a field day with scams, particularly lucrative ones aimed at home equity lines of credit (HELOCs). Others have stepped up their card scams, and phishing and vishing efforts to take advantage of consumers’ good will and inattention to details during a busy holiday season. 1. Senators urge greater interchange consideration by Fed WASHINGTON (12/13/10)--In an action strongly encouraged by the Credit Union National Association (CUNA), 13 senators late last week wrote to the Federal Reserve to voice their concerns over proposed interchange regulations.


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