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Panel to determine Target lawsuit jurisdiction

CUNA News Now Headlines 04/01/2014 - Provided as a courtesy and valuable service of the Credit Union National Association

Judicial panel hears Target case jurisdiction

During a hearing in front of the U.S. Judicial Panel on Multidistrict Litigation Thursday, the attorney for Target Corp. supported the placement of class action lawsuits related to the 2013 data security in the company's home state of Minnesota. More

Northwest CUs, members raise funds for mudslide victims

The Northwest Credit Union Association is partnering with the Northwest Credit Union Foundation and member credit unions to fulfill the "people helping people" mission by raising funds for families impacted by the March 22 mudslide in Oso, Wash. The mudslide is responsible for the deaths of at least 25 people, and 30 area residents were unaccounted for as of March 31. More

CUNA represents CUs at White House GSE reform meeting

In a meeting at the White House complex yesterday, CUNA General Counsel Eric Richard urged Obama administration officials to consider field-of-membership limitations on credit unions as the officials review issues relating to credit accessibility for borrowers of varying incomes More

TILA-RESPA integrated disclosures: A CFPB small-entity guide

An overview of the upcoming Truth-in-Lending Act/Real Estate Settlement Procedures Act rule, and details on "issues that small creditors, and those that work with them, might find helpful to consider when implementing the rule," are included in a new Consumer Financial Protection Bureau guide. More

N.H. launches awareness campaign in light of bankers' press

The New Hampshire Credit Union League has launched an awareness campaign in response to bank attacks on the credit union tax status. More

Mayfair FCU of Philly closes, shares assumed by Freedom CU

The National Credit Union Administration Monday liquidated Mayfair FCU of Philadelphia. Freedom CU, of Warminster, Pa., immediately assumed Mayfair's members and deposits as well as a portion of the loan portfolio and other assets. More

Texas House committee hears from CU about data security

he Texas House Committee on Business and Industry held a hearing Thursday on data security, during which the CEO of Chocolate Bayou Community FCU, Alvin, testified about how breaches affect credit unions. More

Ways & Means' Camp will not seek re-election

House Ways and Means Committee Chairman Dave Camp (R-Mich.) announced Monday that when his term ends in nine months, he will not seek re-election. On Feb. 26, Camp released a much-anticipated tax reform plan and at the time pundits predicted Camp intended it to be the signature piece of legislation of his career. More

NCUA reports to Congress on diversity gains

The National Credit Union Administration continues to make progress in increasing the diversity of its workforce and its vendors, according to a report to Congress released Monday. However, the rate of increase in minorities collectively represented in the NCUA workforce slowed from the significant increase of the year prior. More

Probation, gambling treatment ordered for former CU employee

A former employee of Uncle CU, Livermore, Calif., Rhandy Tabar, is now prohibited by a National Credit Union Administration prohibition order from any future work with a federally insured financial institution. Tabar also is under orders to enter into a gambling addiction treatment program. More

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CUNA to take on the future of payments in Las Vegas this spring

Big Data, Bitcoin, Mobile Payments - what does it all mean, where is it going and how can you stay one step ahead? Meet with top providers and more than 20 of the largest credit unions in the nation at CUNA Payments Roundtable, May 5-6, 2014 in Las Vegas, for discussions to explore the implications for the new era of payments systems and shape our industry’s approach to payments as a whole.

Discussion topics will include:

  • The State of Technology & Payments
  • The Rapidly Evolving Mobile Payment Landscape
  • Bitcoin: What it is and Why it’s Gaining Interest
  • Setting a Direction for Your Payments Strategy
  • And more

Know where you stand in the new payments arena. Register today.

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