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Top 10 News Now Stories For March
MADISON, Wis. (4/4/13)--An article about HarborOne CU's membership vote to convert the $1.9 billion asset Brockton, Mass., credit union to a mutual cooperative bank charter was the most-read News Now article in March.

The top 10 articles for the month include:

10. Overdraft Bill Addresses Problems That Don't Exist At CUs

WASHINGTON (3/21/13)--A bill introduced this week that would cap overdraft fees is "legislation that seems to address a problem that doesn't exist in the credit union system," according to the Credit Union National Association.

9. Brown, Moran Introduce Privacy Notice Bill In Senate

WASHINGTON (3/21/13)--Legislation to end the redundancy of privacy notices was just introduced in the Senate. The bill (S. 635) diverges slightly from the language of a similar bill passed recently in the House. For instance, the Senate bill would require credit unions and other financial institutions to make their privacy policy always accessible in some form in order to qualify for the bill's exemption from sending annual privacy notices.

8. Privacy Notice Bill Could See House Vote Next Week

WASHINGTON (3/8/13)--H.R. 749, the Eliminate Privacy Notice Confusion Act, is scheduled for a full U.S. House Tuesday. The House just announced that the item is on its suspension calendar for that day.

7. Improving Loan Losses, New Auto Loan Growth Fuel Strong CU Earnings

MADISON, Wis. (3/5/13)--The National Credit Union Administration's just-released 2012 credit union data confirm that the trends the Credit Union National Association had reported on throughout 2012 continued in fourth quarter, and that 2012--from almost every vantage point--was the best year for credit unions since before the start of the Great Recession in 2007, according to a CUNA economist.

6. CUs To Furloughees: 'Be Assured, We've Got Your Back'

MADISON, Wis. (3/4/13)--In a stellar example of credit unions putting members' interests above the bottom line, credit unions across the U.S. are rallying to assist members with furloughs that began at midnight Friday after the federal government's stalemate on wide-ranging budget cuts, called sequestration.

5. Indirect Auto Lenders Put On Notice By CFPB

WASHINGTON (3/22/13)--The Consumer Financial Protection Bureau on Thursday reminded indirect auto lenders of their compliance responsibilities under the Equal Credit Opportunity Act.

4. NCUA Seeks Comment On Fixed-Asset Rule Clarifications

ALEXANDRIA, Va. (3/14/13)--At what was a very brief meeting this morning, the National Credit Union Administration has just voted to seek comments on a proposal that clarifies and reorganizes portions of its rule addressing federal credit union ownership of fixed assets.  Comments will be due 60 days after the plan is published in the Federal Register.

3. NCUA Releases FCU Fair Lending Letter

ALEXANDRIA, Va. (3/19/13)--The National Credit Union Administration's criteria for conducting a fair lending exam or off-site supervision contact are addressed in a new letter to credit unions () released today.

2. NCUA Liquidates I.C.E. FCU

ALEXANDRIA, Va. (3/15/13)--I.C.E. FCU, Inglewood, Calif., has been liquidated by the National Credit Union Administration.

1. HarborOne Members Vote To Convert To Bank

BROCKTON, Mass. (3/18/13)--Members of HarborOne CU in Brockton, Mass., have voted to convert the $1.9 billion asset credit union to a mutual cooperative bank charter.


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