"Given how well credit unions in general survived the recent great recession, we do not think there is a credible case for increasing credit union capital requirements," CUNA President/CEO Bill Cheney said following Thursday's National Credit Union Administration open board meeting. More
The issue of data security, as the result of data breaches such as at Target, ebbs and flows--but it keeps coming back because safeguards are not taken to stop the breaches from happening, a top Credit Union National Association advocate says in American Banker, a trade publication. More
A final rule that will allow well-run federal credit unions to use simple derivatives to hedge against interest rate risks was approved at Thursday's National Credit Union Administration board meeting. More
Results of CUNA's survey on costs related to the Target data breach continue to make headlines in national media outlets. More
A packed January board meeting agenda led off with approval of three relatively routine items: The National Credit Union Administration's 2014-2017 Strategic Plan, 2014-2015 Annual Performance Plan, and federal credit union interest rate ceiling determination. More
State leagues immediately started planning to use the state-by-state breakdowns from CUNA's survey on Target data breach costs to ramp up their advocacy efforts to get merchants to cover costs created for credit unions and other financial institutions when a breach occurs via the merchants' systems. More
Larger nonbank international money transfer providers would be subject to the Consumer Financial Protection Bureau's existing remittance regulations under the terms of a new proposal released Thursday. More
It's a long-standing joke that reporters are always looking for a free meal, but the Ohio Credit Union League has used media lunches help boost media coverage for state credit unions. More
Five credit unions have used the spirit of cooperation to help homeless students in Madison, Wis. More
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