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CUNA urges hearings to air CUs 'deep-seated' risk-based capital concerns

CUNA News Now Headlines 2/18/2014 - Provided as a courtesy and valuable service of the Credit Union National Association

CUNA urges regulatory hearing on risk-based capital plan

Public hearings on the National Credit Union Administration's risk-based capital proposal have been called for by CUNA, as the association urged the regulator to address credit unions' "deep-seated concerns" in an interactive setting. More

CUNA, CBA: CUs, banks to absorb more than $200M in Target breach costs

The cost of the Target data security breach has topped $200 million for credit unions and Consumer Bankers Association member banks combined, according to numbers released by the Credit Union National Association and the CBA. More

GAO report notes CUs charge lower fees

Credit unions generally charge lower rates and fees for their card services than do other financial institutions that offer such products to college students, a new U.S. Government Accountability Office study has found. More

CU advocates to flood D.C. as Camp readies tax reform report

House Ways and Means Committee Chairman Dave Camp (R-Mich.) plans to release his much-anticipated and much-delayed plan to overhaul the tax code soon, according to news media reports that are circulating. More

CUs may want to give marijuana businesses a pass

New federal guidelines allow credit unions and others to provide financial services to marijuana dispensaries. However, this newfound leniency does not come without compliance burdens, CUNA says in a new CompBlog post. More

Kan. gov. welcomes CU advocates for Day at the Capitol

Twenty-eight credit unions sent representatives to Topeka Feb. 11 for the Kansas Credit Union Association's annual Day at the Capitol. More

Foreclosure reform gets hearing in Mich. House committee

A bill has been introduced in the Michigan House to address outstanding issues following the sunset of the state's 90-day pre-foreclosure workout law and the creation of a lender's right of inspection prior to the redemption period. More

Cooperative structure makes a difference in tough times, says Vt. CEO

The strength of the cooperative business model is what sets Vermont State Employees CU apart from a large portion of the marketplace, the credit union's CEO shared in the Vermont Credit Union League's latest "Executive Exchange." More

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