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New data breach shows need for improved merchant security standards

CUNA News Now Headlines 04/21/2014 - Provided as a courtesy and valuable service of the Credit Union National Association

Grassroots key to passage of Maine's patent 'troll' law

In a victory for state credit unions earned on the strength of their grassroots efforts, Maine's patent "troll" bill became law last week. More

CUNA: New data breach shows need for improved merchant security standards

A data breach at Michaels Stores and associated business Aaron Brothers may have impacted 2.6 million cardholders, the arts and crafts retailer confirmed late last week. CUNA is pressing federal lawmakers to address data security relative to merchants, who are not held to the same standards of security as credit union and other financial institutions. More

Lawmakers seek colleagues' backing on RBC plan changes

Two members of the House Financial Services Committee, Reps. Peter King (R-N.Y.) and Gregory Meeks (D-N.Y.), are circulating a letter among House colleagues urging the National Credit Union Administration to consider changes to its proposed risk-based capital regulations. The letter expresses the concern that any final RBC rule should not unduly burden credit unions and should not adversely affect healthy credit unions' ability to meet the financial services needs of their members. More

Surf's up for National CU Youth Week

Grab your surfboard and sunscreen today and get ready to "Catch the $ave Wave" at credit unions during National Credit Union Youth Week. More

Mass. league stresses CU-community ties during public funds hearing

The Massachusetts Joint Committee on Financial Services hosted a public hearing last week to discuss a bill that could open the door for state- and federally chartered credit unions to become public funds depositories. More

FHFA seeks comment on mortgage database expansion

The Federal Housing Finance Agency is considering expanding the scope of a planned national mortgage database, and is seeking public comment on the potential expansion, Politico reported last week. More

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