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Top 10 INews NowI stories for December
MADISON, Wis. and WASHINGTON (1/6/10)--Credit unions’ media advocacy efforts continue to bring results, and News Now’s Top 10 story list for December reflects that. Two stories on media efforts were among the top five stories in News Now’s Top 10 stories for December. December’s top stories include: 10. Consumers write CUNA: Nearing point of bank revolt MADISON, Wis. (12/16/09)--Consumers are writing the Credit Union National Association to vent against banks’ actions and policies, and some are mentioning the word “revolt.” In a meeting Monday, several large banks were taken to task by President Barack Obama about their reluctance to make loans and help the economy and their opposition to regulatory reforms. That prompted several letters Tuesday to News Now. 9. NCUA seeks to intervene in WesCorp lawsuit ALEXANDRIA, Va. (12/31/09)--The National Credit Union Administration (NCUA), which serves as conservator of Western Corporate FCU (WesCorp), announced Wednesday it has filed papers in a superior court in Los Angeles to intervene as plaintiff in a lawsuit against several current and former employees and officials of WesCorp. 8. Compliance: Statements must comply with new overdraft rules Jan. 1 WASHINGTON (12/16/09)--On Jan. 1, 2010, all credit unions that offer overdraft services will have to comply with new Truth-in-Savings requirements for disclosing aggregate overdraft fees on periodic statements. 7. Kohl’s payday loan bill means better access to CUs WASHINGTON (12/3/09)--Sen. Herb Kohl (D-Wis.) on Wednesday introduced legislation aimed at increasing access to mainstream financial institutions by encouraging credit unions and community banks to provide low-level loans to low- and moderate-income Americans. 6. Fed sets overdraft protection audio conference WASHINGTON (12/2/09)--The Federal Reserve Board will discuss its recently enacted final rules on overdraft protections during its “Outlook Live” Audio Conference, which is scheduled for Dec. 10 from 1 until 2 p.m. ET. 5. HUD issues new settlement-cost booklet WASHINGTON (12/29/09)--Starting Friday, Jan. 1, 2010, credit unions and other mortgage lenders must comply with the changes to the Real Estate Settlement Procedures Act implementing rules. These rules, finalized in November 2008 by the Department of Housing and Urban Development, require the use of revised Good Faith Estimate forms and HUD-1 Settlement Statement forms. 4. CNN tells why CUs are better WASHINGTON (12/30/09)--CNN Tuesday explained some of the reasons why consumers feel as though they're “getting a better shake” by choosing credit unions over banks. 3. NCUA denies lump-sum payment to employee of defunct CU WASHINGTON (12/15/09)--The National Credit Union Administration (NCUA) has denied a lump sum payment of more than $265,000 to a person who had a deferred compensation agreement with the failed New London (Conn.) Security FCU. 2. “Guys, I gotta go...we’re being robbed” STOCKTON, Calif. (12/21/09)--On Dec. 15, Allied CU CEO Frank Michael participated in a conference call with the Credit Union National Association's Small Credit Union Committee. During the call, Michael suddenly needed to sign off. “Guys, I gotta go ... we're being robbed,” he told the group. 1. Suze Orman to Larry King: CUs have great rates WASHINGTON (12/14/09)--Credit unions offer better rates on credit cards, personal finance guru Suze Orman told Larry King on Larry King Live Thursday.


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