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News Now

CU System
Top 10 iNews Nowi stories for November (12/03/2012)
MADISON, Wis. (12/4/12)--A story about the Credit Union National Association's (CUNA) outrage over the National Credit Union Administration's (NCUA) planned 2013 budget increase was the most read News Now article in November.

The list of Top 10 stories for November includes:

10. CFPB remittance rule to be delayed, tweaked

WASHINGTON (11/27/12)--The Consumer Financial Protection Bureau has announced its intentions to make "certain limited adjustments" to its recent final rule on international money transfers--also known as remittances.

9. Small biz stories highlight a day of MBL advocacy

WASHINGTON (11/29/12)--Dayton, Ohio-area real estate developer Jerry Bush said he might not still be in business today were it not for his credit union.

8. Robbery suspect shot dead by intended victim at ATM

ORLANDO, Fla. (11/20/12)--A suspected robber was shot dead Friday by his intended victim at a drive-through ATM at the Fern Park, Fla., branch of Orlando, Fla.-based Fairwinds CU.

7. CUNA identifies CU tax language is an error in bill

WASHINGTON (11/15/12)--When the full text of H.R.6474 became available Wednesday and CUNA identified language within that threatened the federal income tax exemption for federal and state-chartered credit unions, CUNA and the League of Southeastern Credit Unions immediately arranged meetings with the office of the bill's drafter, Rep. Dennis Ross (R-Fla.), and learned an error had been made.

6. NCUA reduces TCCUSF high estimate by $400M

ALEXANDRIA, Va. (11/2/12)—NCUA on Thursday revised projections for the total cost of corporate credit union stabilization assessments to between $6 billion and $8.9 billion, a $400 million reduction from the previous maximum cost of $9.3 billion.

5. Senate vote on MBL bill expected this week

WASHINGTON (11/26/12)--CUNA Monday told its membership to expect a vote this week--probably within the next 48 hours--on a Senate bill that would lift the credit union member business lending cap to 27.5% of assets, up from the current 12.25%.

4. Bank Transfer Day at one year: Love affair continues

WASHINGTON (11/5/12)--CUNA  has distributed a radio news release to stations around the U.S. in anticipation of today's one-year anniversary of Bank Transfer Day, which marked a lovefest for credit unions as consumers fled high-fee banks for sensible financial services.

3. N.Y., N.J. leagues update CUs' status, report 'significant' losses

ALBANY, N.Y., and HIGHTSTOWN, N.J. (11/2/12)--The leagues in New York and New Jersey sent out updates this afternoon on the latest assessments of credit unions in their states impacted by Hurricane/Superstorm Sandy Monday and Tuesday.

2. Fake pop-ups injected into online banking transactions

MADISON, Wis. (11/14/12)--The latest version of the Citadel banking Trojan malware has something malware analysts have never encountered before:  a browser malware that launches fake pop-ups during online banking transactions and tricks online users into re-entering their bank and credit union account logins and passwords.

1. CUNA outraged by NCUA's proposed 2013 budget

WASHINGTON (11/15/12)--CUNA is outraged by the National Credit Union Administration's planned 2013 budget increase, and will be pursuing this with other policymakers to achieve greater accountability and transparency in the agency's budgetary process, CUNA President/CEO Bill Cheney said today.


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