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News Now

CU System
Top 10 iNews Nowi stories for July (08/02/2011)
MADISON, Wis. (8/3/11)--Three articles on interchange were among the top 10 News Now stories in July. Here is a list of the top 10 most-visited stories for the month. 10. CUNA releases interchange rule analysis WASHINGTON (7/5/11)--The Credit Union National Association has released a final rule analysis of the Federal Reserve's final debit interchange fee and routing regulations. 9. Prepay plan deadline ‘hard and fast,’ reminds Matz in webinar ALEXANDRIA, Va. (7/12/11)--National Credit Union Association (NCUA) Chairman Debbie Matz and some of her senior staff fielded questions from credit unions regarding the agency's plan to allow credit unions to prepay some of their Temporary Corporate Credit Union Stabilization Fund (TCCUSF) assessments in a webinar Monday. 8. CUNA: Proposal could shut down internt'l fund transfers WASHINGTON (7/26/11)--Many credit unions could cease offering international electronic fund transfer services to their members if a rule intended to protect consumers who use "remittance" services is put into effect without significant revisions, according to the Credit Union National Association (CUNA). 7. White paper: CUs must replace aging memberships EMERYVILLE, Calif. (7/21/11)--A nationwide survey of credit union members indicates that credit unions must replace their aging members and increase loyalty among younger members. 6. NCUA considering TDR proposal ALEXANDRIA, Va. (7/18/11)--National Credit Union Administration (NCUA) Board Member Gigi Hyland has hinted that the agency could soon release an Interpretive Ruling and Policy Statement (IRPS) addressing Troubled Debt Restructurings (TDR). 5. Fed, FTC finalize credit disclosure changes WASHINGTON (7/7/11)--The Federal Reserve and the Federal Trade Commission have issued a final version of rules that require creditors to add new details to the risk-based pricing (RBP) notices that are distributed to their members. 4. CUs, banks will cease Savings Bond sales Dec. 31 WASHINGTON (7/14/11)--After 75 years of regular sales, savings bonds will no longer be sold at credit unions and other financial institutions as of Jan. 1, 2012, the U.S. Treasury has reported. 3. Five more CU mergers in the works MADISON, Wis. (7/8/11)--Consolidation in the credit union industry continues nationwide, including a merger between two of the largest credit union trust companies. 2. Visa CEO notes interchange rule's impact on CUs NEW YORK (7/8/11)--As it made its first filing with the Securities and Exchange Commission (SEC) since the Federal Reserve's final ruling on restricting debit card interchange fees, Visa Inc. said in a conference call Wednesday that it expects credit unions and small banks and other programs to see "unintended consequences" from the rule. 1. Fed issues interchange 'exempt/not exempt' lists WASHINGTON (7/13/11)--In its first step to facilitate a two-tiered debit card interchange fee structure since adoption of its final rule, the Federal Reserve Tuesday issued two lists--one with the names of each institution considered to be covered by the new cap on debit interchange fees and another with the names of those that are exempt.


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