MADISON, Wis. (3/4/13)--A News Now
special report about the ascendance of mobile banking among credit unions and second-generation mobile banking apps was the publication's most-read story in February. Also at the top were stories from last week's Credit Union National Association Governmental Affairs Conference in Washington, D.C., featuring Speaker of the House John Boehner (R-Ohio) and Sen. Elizabeth Warren (D-Mass.).
The Top 10 News Now
stories for the month:10. Reps. King, Sherman Introduce Supplemental Capital Bill
WASHINGTON (2/14/13)--Rep. Pete King (R-N.Y.) and Brad Sherman (D-Calif.) today reintroduced legislation that would permit the National Credit Union Administration to allow credit unions to accept additional forms of capital.9. NCUA Letter To CUs Cites 2013 Exam Goals
ALEXANDRIA, Va. (2/1/13)--Increased clarity in its guidance to its examiners and more consistency in its examination practices are a key supervisory focus of the National Credit Union Administration this year, said NCUA Chairman Debbie Matz in a Letter to Federally Insured Credit Unions released Thursday.8. Ways And Means Launches Look At Tax Reforms With Charitable Deductions Hearing
WASHINGTON (2/7/13)--The tax policy-writing House Ways and Means Committee has scheduled a hearing next week on itemized charitable deductions. The hearing is part of what will be a broader look by the committee at the subject of comprehensive tax reform.7. FHLBs Ask NCUA To Name Them As An Emergency Liquidity Provider
WASHINGTON (2/1/13)--As the National Credit Union Administration considers its emergency liquidity proposal for credit unions, the 12 Federal Home Loan Bank presidents have sent a joint letter asking the agency to name their system specifically within the plan as a source of backup liquidity.6. NCUA Provides CUs With Cybersecurity Guidance
ALEXANDRIA, Va. (2/20/13)--The National Credit Union Administration has stepped into Washington's cybersecurity discussion, identifying appropriate policies and procedures to guard against distributed denial-of-service attacks in a new credit union risk alert (13-Risk-01).5. CFPB: Financial Institutions Must Be Able To Make Non-QM Loans
WASHINGTON (2/8/13)--Financial institutions should be allowed to make mortgages that don't meet qualified mortgage (QM) standards under the new ability-to-repay rules. That is what Consumer Financial Protection Bureau Director Richard Cordray said Thursday in response to a Credit Union National Association question during a financial industry briefing on mortgage rules.4. Boehner Zeroes In On Tax Reform At CUNA GAC
WASHINGTON (2/27/13)--One of the most prominent Republican policymakers on Capitol Hill today discussed one of the hottest, most debated topics ripped out of the headlines to a packed house of credit union representatives in town for the system's premiere governmental affairs conference.3. Sen. Warren: CU 'Reliable' Model a Bright Spot In Economy
WASHINGTON (2/27/13)--Sen. Elizabeth Warren (D-Mass.), speaking to the Credit Union National Association's Governmental Affairs Conference here this morning, directed the spotlight to shine brightly on the credit union difference.2. Strong NCUSIF, TCCUSF Performances Decrease Premium Chances
ALEXANDRIA, VA. (2/21/13)--The strong performance in 2012 of the National Credit Union Share Insurance Fund and the Temporary Corporate Credit Union Stabilization Fund, reported by the National Credit Union Administration today, decreases chances for a premium assessment this year.1. CUs' Mobile Banking Enters Second Generation: Special Report
MADISON, Wis. (2/20/13)--Mobile banking is here to stay at credit unions. Today, about one-third of all credit unions offer mobile banking. The rest are likely to roll it out within the next 48 months. By comparison, online banking took about twice as long to reach similar numbers.