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Tailored approach better to address any home-based CU issues, CUNA says

CUNA News Now Headlines 1/27/2014 - Provided as a courtesy and valuable service of the Credit Union National Association

January 27, 2014

Tailored approach better to address any home-based CU issues, CUNA says

A proposal that would modify the operations of home-based federal credit unions is not justified on safety and soundness grounds, CUNA said in a comment letter to the National Credit Union Administration. More

aSmarterChoice changes detailed on 'Inside Exchange' is now even smarter, and Amaia Kirtland, Credit Union National Association social and digital media manager, outlines the changes to CUNA's consumer website in a new edition of "Inside Exchange." More

Tinker FCU reopens branch demolished by tornado

An Oklahoma credit union branch devastated by a tornado last spring is set to reopen today with a tribute to a "saving" plan no financial institution wants to offer. More

LSCU pushes for legislation on public deposits, foreclosures

The League of Southeastern Credit Unions is getting ready for a legislative marathon. The Alabama and Florida state legislatures typically convene in January and complete their agendas by the beginning of May. This year, Alabama's legislature started in January and will end sometime in April. More

N.J. league briefs Sen. Booker on CU issues

Representatives from the New Jersey Credit Union League and other industry stakeholders met last Thursday with freshman U.S. Sen. Cory Booker (D-N.J.). More

Miss. CUs' QM considerations in Business Journal

The Mississippi Business Journal recently looked into how the Consumer Financial Protection Bureau's ability-to-repay/qualified mortgage (QM) rule is affecting credit unions in its state--particularly the 63 low-income designated credit unions. More

FBI warns hacking attacks are on the rise

Hacking attacks similar to the one that caused the Target data breach are on the rise, the Federal Bureau of Investigation warned in a report sent to retailers on Feb. 17. More

Republican forum formalizes FATCA opposition

The Foreign Account Tax Compliance Act (FATCA) could become a high-priority issue in this year's elections after Republican National Committee members added FATCA opposition to the party's policy platform last Friday. More

Parsons Pittsburg CU, Kansas, conserved

The Kansas Department of Credit Unions said it recently uncovered "unsafe and unsound" practices at Parsons Pittsburg CU that have moved the state regulator to place the $13.5 million-asset credit union into conservatorship and name the National Credit Union Administration as agent to handle its daily operations. More

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