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Top 10 INews NowI stories in November
MADISON, Wis. (12/2/09)--Credit Card Accountability, Responsibility and Disclosure (CARD) Act stories again topped last month’s list of most-read News Now stories for the second consecutive month. CARD Act stories also topped News Now’s July and August most-read lists. The top 10 News Now stories for November are: 10. New Dodd bill would set overdraft rules WASHINGTON (11/20/09)--Sen. Christopher Dodd (D-Conn.), who heads the Senate Banking Committee, unveiled his new bill Monday that would limit the fees financial institutions can charge on overdraft protection services. 9. UIGEA compliance pushed back to June 1 WASHINGTON (11/30/09)--Just days before the compliance date rolled around—and months after urgings to delay implementation of the Unlawful Internet Gambling Enforcement Act--the Federal Reserve and U.S. Department of Treasury announced they were pushing back the law's Dec. 1 compliance date. 8. Regulation is the better overdraft approach: CUNA WASHINGTON (11/13/09)--The Federal Reserve Board's final rule on overdraft protection plans, which was released on Thursday, “should give Congress pause before it proceeds further with the various legislative proposals that are now pending,” according to CUNA President/CEO Dan Mica. 7. Opt-in featured in Fed overdraft rules WASHINGTON (11/13/09)--The Federal Reserve Board's final rule on overdraft protection plans, which would require the consent of consumers before they could be charged overdraft fees for ATM and one-time debit transactions, was released on Thursday. 6. New Yorkers flock to CUs in ‘bank revolt’ NEW YORK (11/17/09)--New Yorkers are leaving their banks and flocking to credit unions in what is being dubbed the "bank revolt of 2009," according to a Sunday New York Post article. 5. NCUA new CAMEL 3 reports aimed at preventing troubles WASHINGTON (11/23/09)--While the National Credit Union Administration has long monitored the status of CAMEL Code 4/5 credit unions, the agency is taking a closer look at CAMEL Code 3 credit unions with the recent addition of a CAMEL Code 3 slide to its monthly report on National Credit Union Share Insurance Fund (NCUSIF) and Temporary Corporate Credit Union Stabilization Fund (TCCUSF) statistics. 4. Fed rate action impacts CUs WASHINGTON (11/5/09)--Wednesday's decision by the Federal Open Market Committee (FOMC) to stay the course and keep the fed funds target interest rate between 0%-0.25% will maintain a steep yield curve for a while longer, and that will impact credit unions, says a CUNA economist. 3. Compliance questions about the 21-day CARD fix WASHINGTON (11/02/09)--Passage by the House and Senate of the CARD Act Technical Corrections Act is raising some questions by credit unions on what steps to "uncomply" with the former terms of the 21-day mailing provision. President Obama is expected to sign that bill, H.R. 3606, at any time and CUNA has urged him to act quickly. 2. Filene study finds bank fees dwarf those of credit unions WASHINGTON (11/23/09)--Bank customers pay substantially more in overdraft fees and other account fees than credit union members, with low-balance bank customers taking the brunt of that burden, a recently released Filene Research Institute study has found. 1. CARD Act 21-day fix, homebuyer tax credit are now law WASHINGTON (11/10/09)--Starting the weekend off right for credit unions, President Barack Obama on Friday signed the CARD Act Technical Corrections Act (H.R. 3606) into law. He also penned his name to the bill extending the homebuyer tax credit.


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