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CUNA warns Congress of 'dangerous moral hazard' amid breach responses

CUNA News Now Headlines 1/28/2014 - Provided as a courtesy and valuable service of the Credit Union National Association

CUNA warns Congress of 'dangerous moral hazard' amid breach responses

"The idea that retailers have no responsibility for protecting consumer data presents a dangerous moral hazard," CUNA President/CEO Bill Cheney said in a letter sent Monday to all members of the U.S. Congress. More

Senate Banking to conduct Feb. 3 data security hearing

The Senate Banking Committee will be first up with a 2014 hearing to investigate better ways to safeguard consumers' personal financial data. More

Student loans, GSE reforms could be SOTU topics tonight

Student loan issues and housing finance reforms could be on the agenda when President Barack Obama delivers his State of the Union address tonight, and CUNA will be watching to gauge what Obama's policy objectives could mean for credit unions going forward. More

House Financial Services seeks public comments on CFPB rule impact

How are Consumer Financial Protection Bureau actions impacting credit unions, individuals, businesses and customers? The House Financial Services Committee is asking all interested parties to tell their own story on the agency's impact through a new page on its website. More

NFIP delay bill one of CUs' interest items this week

A vote on legislation that would delay National Flood Insurance Program fee increases by four years is one of many Capitol Hill happenings credit unions will want to watch out for this week. More

CO-OP Miracle Match results in $3M for CMN Hospitals

More than 150 credit unions participating in CO-OP Miracle Match in 2013 raised $3 million for Children's Miracle Network Hospitals--$1 million of which was matching funds provided under the CO-OP Financial Services program. More

Final Bernanke FOMC: Fed likely to continue to slow tapering

Today marks the last Federal Open Market Committee meeting that Chairman Ben Bernanke will reside over, and it is expected that the policymaking body will continue to slow its monthly asset-bond purchases. More

CUNA nominates 4 CUs to BSA advisory group

On Monday, CUNA nominated four credit unions to be part of the Bank Secrecy Act Advisory Group for the Financial Crimes Enforcement Network. More

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