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News Now

April 21, 2014

Grassroots key to passage of Maine's patent 'troll' law

CU System
In a victory for state credit unions earned on the strength of their grassroots efforts, Maine's patent "troll" bill became law last week. ReadMore

CUNA: New data breach shows need for improved merchant security standards

Washington
A data breach at Michaels Stores and associated business Aaron Brothers may have impacted 2.6 million cardholders, the arts and crafts retailer confirmed late last week. CUNA is pressing federal lawmakers to address data security relative to merchants, who are not held to the same standards of security as credit union and other financial institutions. ReadMore

Lawmakers seek colleagues' backing on RBC plan changes

Washington
Two members of the House Financial Services Committee, Reps. Peter King (R-N.Y.) and Gregory Meeks (D-N.Y.), are circulating a letter among House colleagues urging the National Credit Union Administration to consider changes to its proposed risk-based capital regulations. The letter expresses the concern that any final RBC rule should not unduly burden credit unions and should not adversely affect healthy credit unions' ability to meet the financial services needs of their members. ReadMore

Surf's up for National CU Youth Week

CU System
Grab your surfboard and sunscreen today and get ready to "Catch the $ave Wave" at credit unions during National Credit Union Youth Week. ReadMore

Mass. league stresses CU-community ties during public funds hearing

CU System
The Massachusetts Joint Committee on Financial Services hosted a public hearing last week to discuss a bill that could open the door for state- and federally chartered credit unions to become public funds depositories. ReadMore

FHFA seeks comment on mortgage database expansion

Washington
The Federal Housing Finance Agency is considering expanding the scope of a planned national mortgage database, and is seeking public comment on the potential expansion, <em>Politico</em>  reported last week. ReadMore
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30+ states allow #creditunions to act as public depositories, another Northeastern state may soon follow suit #CUNA http://t.co/EV1dB3phTH
54 minutes ago
New #databreach at Michaels & associated business Aaron Brothers may have impacted 2.6m cardholders http://t.co/jYeFs8okao
1 hours ago
#creditunion-community ties stressed during public funds depository testimony by @MassLeague See #NewsNow http://t.co/K7OrwuvhxM
1 hours ago
Large CU stress testing on the agenda for the April @theNCUA open meeting http://t.co/2TUcnmCmPi
11 hours ago
#FinancialLiteracyMonth Test your college financial aid knowledge @nasfaa http://t.co/xgrDmHaw8W
19 hours ago