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Top 10 INews NowI stories for March (04/04/2011)
MADISON, Wis. (4/5/11)--National Credit Union Administration pronouncements and interchange stories dominated the News Now monthly top 10 stories list for March. The stories are: 10. Hackers steal $527,000 from LES FCU account at bank BATON ROUGE, La. (3/8/11)--Computer hackers from the Ukraine made unauthorized transfers totaling nearly $527,000 from LES FCU, Baton Rouge, La., in September 2009 through the credit union's commercial account with Capital One, according to a lawsuit filed in U.S. District Court Thursday. 9. Wall St. right target to recoup corporate losses: CUNA WASHINGTON (3/24/11)--Credit Union National Association (CUNA) General Counsel Eric Richard said the National Credit Union Administration (NCUA) is "looking at the right kind of parties" if the agency, as reported, intends to attempt to reclaim billions in securities-related corporate credit union losses from the biggest Wall Street firms. 8. NCUA: Ponzi scheme helped close St. Paul Croatian CLEVELAND, Ohio (3/14/11)--The National Credit Union Administration (NCUA) has filed an adversarial action in the U.S. Bankruptcy Court in an attempt to preclude a debtor from discharging loans that he allegedly fraudulently obtained from the failed St. Paul Croatian FCU as part of his Chapter 7 bankruptcy filing. 7. Survey: Tellers are key to satisfaction DENVER (3/16/11)--Tellers have a giant effect on how members/customers feel about a credit union or bank, according to a new study, "Customer Experience with Teller Transactions" by Prime Performance, which advises financial institutions on improving the client experience. 6. Ten inducted to CU House Hall of Leaders WASHINGTON (3/4/11)--Ten credit union leaders who have made a significant impact on the credit union movement at the local, state or national level were inducted into the Credit Union House 2011 Hall of Leaders this week. 5. Cheney warns reg burden is growing ‘crisis’ WASHINGTON (3/3/11)--Credit unions, owned by their members, already have strong incentives to treat consumers well, but they face a crushing "crisis of creeping complexity" under a steady accumulation of regulatory requirements, Credit Union National Association (CUNA) President/CEO Bill Cheney testified before a House subcommittee. 4. NCUA bans trio from CU-related work ALEXANDRIA, Va. (3/22/11)--Three former credit union employees have been banned from future work at any federally insured financial institution under prohibition orders issued by the National Credit Union Administration. 3. NAACP: Delay interchange to assess consequences WASHINGTON (3/14/11)--The NAACP, the well-known civil rights organization, wrote to the Speaker of the U.S. House urging that a congressional review be launched before the Federal Reserve Board acts to implement limits on debit card interchange fees. 2. Senate, House bills would delay Fed interchange plan WASHINGTON (3/16/11)--Credit Union National Association President/CEO Bill Cheney said last night that the proposed interchange delays introduced in both the Senate and House Tuesday give credit union members and other consumers "a ray of hope that the debit card programs they have come to appreciate may continue unchanged, at least for the short term." 1. NCUA could tighten rate-risk program rules ALEXANDRIA, Va. (3/18/11)--A proposed rule that would require federally backed credit unions to create written interest rate risk policies and develop an individual interest risk management insurance program was the central topic of Thursday's National Credit Union Administration (NCUA) board meeting.


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