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September 30, 2014

NCUA chair to request second risk-based capital comment period

Washington
National Credit Union Administration Chair Debbie Matz announced Monday that she will request that a revised risk-based capital proposal be issued with a new comment period due to "significant structural changes" being considered. CUNA President/CEO Jim Nussle commended the NCUA's decision and noted CUNA, the leagues and credit unions fervently advocated for a second comment period. ReadMore

CU leagues of 5 states call for merchant breach accountability

Washington
The presidents of credit union leagues from Alabama, Florida, Massachusetts, New Hampshire and Rhode Island have echoed concerns of CUNA in calling for retailers to take responsibility for the costs of data breaches. ReadMore

Bank ATM fees continue to climb

CU System
While credit unions continue to charge small or no fees for ATM transactions, banks have pumped up their fees to record highs, according to a recent survey from Bankrate.com. ReadMore

CULAC backs former CU VP Aguilar's House campaign

Washington
With 35 days remaining before the general election, the Credit Union Legislative Action Council has made its second independent expenditure of election season. ReadMore

CFPB seeks $47.5M, charges Flagstar Bank with mortgage servicing violations

Washington
Violations of the Consumer Financial Protection Bureau's new mortgage servicing rules resulted in the bureau ordering Flagstar Bank to pay $37.5 million, according to the CFPB. ReadMore

Missouri CUs embrace Bank on More SUV sweepstakes

CU System
At the halfway point of the Missouri Credit Union Association's "Bank on More SUV Sweepstakes," participation is running hot. ReadMore

N.Y. CUs report strong 2Q lending, membership numbers

CU System
New York credit unions' aggregate membership and loans increased in the second quarter, the Credit Union Association of New York reported. ReadMore
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MO #creditunions @BankOnMo with SUV contest See #NewsNow http://t.co/dMnnADr3CO
11 minutes ago
Breaking at #NewsNow: Matz to request revised RBC proposal, new comment period http://t.co/eLtYmzXRWn
17 hours ago
#NewsNow: Oct. 22 webinar will explore role of CDFI #creditunions. http://t.co/op1GV4mrYM
20 hours ago
CFPB announces $10M fine,$27.5M restitution v. Mich.-based Flagstar Bank for allegedly illegally blocking borrowers’ attempts to save homes.
21 hours ago
#NewsNow: Proposed MLA changes could restrict CU payday alternative loans. http://t.co/eKqtyMHD0P
21 hours ago