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Senate Target Breach Hearing Could Be Coming

CUNA News Now Headlines 1/7/2014 - Provided as a courtesy and valuable service of the Credit Union National Association

Senate Banking Leader is Considering Target Breach Hearing

Senate Banking Committee Chairman Tim Johnson (D-S.D.) said Monday that he is considering conducting a hearing to study the recent data breach at Target. CUNA has reached out both to Senate Banking and House Financial Services Committee leaders to encourage them to "fully examine the chronic issue of merchant data breaches, their impact on consumers and financial institutions." More

CUs Receive QM, non-QM Guidance from NCUA

National Credit Union Administration field staff "will take into account a credit union's good-faith efforts to comply" with new qualified mortgage regulations as they conduct their early-stage examinations, the agency said in a supervisory letter to credit unions (14-CU-01) released Monday. More

Matz in HuffPost: CU Short-Term Loans Can Be a Lifeline

"With the right products and rules of the road, credit unions and other financial institutions can help millions of cash-strapped Americans break free of their reliance on expensive loans...and replace a cycle of debt and dependency with one that meets borrowers' short-term needs while promoting greater financial security in the long run," National Credit Union Administration Chairman Debbie Matz wrote in a Huffington Post editorial. More

Maine Media Turn to League for Target Breach Advice

As news of the Target security breach continued to gain steam, media turned to the Maine Credit Union League as a source to guide consumers in that state. More

CUNA Provides Clarification on Target Breach Notifications

Credit unions continue to ask what steps should be taken to alert members about the importance of monitoring their accounts as a result of the Target data breach. More

NPR Features CUs' 'Save to Win' Program

National Public Radio's "Morning Edition" featured a credit union member who won $10,000 through her credit union and its Save to Win program. More

Michigan League Cites Success of Small-Biz Lending

Member business lending at Michigan credit unions surged 18% through the third quarter of 2013, and state credit unions are well-positioned for future MBL growth, Dave Adams, Michigan Credit Union League president/CEO, told in a Jan. 5 article. More

New FHFA Head Watt Begins Five-Year Term

Mel Watt on Monday began a five-year term as Federal Housing Finance Agency director. More

Internship with CU Equals Community College Credits

Worcester (Mass.) CU has formed a partnership with Worcester Technical High School and Quinsigamond Community College to provide college credits to WTHS students who complete coursework in conjunction with an internship at the credit union. More

CUs Team Up with Financial Guru Chatzky for NBC Wellness Expo

Financial expert Jean Chatzky is inviting the greater Washington, D.C.-area to tune up its finances at the Credit Union Dollars and Sense Financial Fitness Pavilion at this weekend's NBC 4 Health and Fitness Expo. More

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