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News Now

January 29, 2015

CUNA seeks answers from NCUA on IOLTA bill questions

Washington
The passage of the Credit Union Share Insurance Fund Parity Act has raised a number of questions from credit unions about its potential applications, questions summarized by CUNA in a letter to the National Credit Union Administration Wednesday. ReadMore

New privacy notice bill introduced with CUNA support

Washington
A bill that would change annual privacy notice requirements for certain financial institutions was introduced Wednesday by Reps. Blaine Luetkemeyer (R-Mo.) and Brad Sherman (D-Calif.). ReadMore

CUNA, trades outline principles to Congress for combating 'patent trolls'

Washington
The U.S. Congress must act to combat abusive patent demand letters, and a letter from financial trade associations--including CUNA--sets out the principles needed to take action against "patent trolls." ReadMore

FDIC letter addresses 'Choke Point' issues

Washington
In a move that American Banker said was being hailed as the beginning of the end for Operation Choke Point, the Federal Deposit Insurance Corp. issued guidance to encourage institutions under its supervision "to serve their communities" and to assess risk of individual customer relationships rather than take a wholesale approach of declining to provide banking services to entire categories of customers. ReadMore

AEA FCU, in conservatorship, sees improved 2014 performance

Washington
AEA FCU, under the conservatorship of the National Credit Union Administration, reported improved financial performance for the year ending Dec. 31, 2014, according to the NCUA. ReadMore

Inside Washington (1/29/15)

Washington

WASHINGTON (1 29 15) The IRS is continuing its pilot program that allows consumers to use an Identity Protection PIN (IP PIN) when filing tax returns. Taxpayers

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News Now LiveWire
Middle-class families walking a tightrope with little savings @pewresearch HT @CNNMoney http://t.co/Pfu2KHASZa
10 hours ago
.@CUNA's @SchenkMike on @federalreserve meeting: http://t.co/Ry39vjWdA1
10 hours ago
#creditunion cites prize-linked savings success in @WSJ http://t.co/3CXupUMx5d
12 hours ago
.@CFPB proposes mtg rule changes 2 facilitate responsible lending by small creditors, esp. in rural/underserved areas.http://t.co/sn6PnlS0EB
14 hours ago
#NewsNow Apple Pay interest booming at CUs, Western Union joins http://t.co/LsaoOYzAPx
16 hours ago