WASHINGTON—It will be a busy day today on Capitol Hill with numerous hearings related to credit union issues on the agenda.
Fresh Today
ALEXANDRIA, Va.– NCUA has provided an update on the costs of its Corporate Resolution Program and the performance of its NCUA Guaranteed Notes Program.
AUSTIN, Texas—Texas State Rep. Richard Raymond (D-Laredo) has introduced a bill that seeks to address retailer data breaches by making it illegal for a business or its service provider to retain sensitive information on credit, debit, or prepaid cards after the transaction is complete or, in the case of PIN debit transactions, more than 48 hours after authorization.
NEWPORT BEACH, Calif.—The National Association of Credit Union Service Organizations has told NCUA that it remains concerned with the “overall regulatory approach” being taken by the agency with its revised risk-based capital proposal.
WASHINGTON—CUNA has reminded the CFPB that while it may be seeking to provide assistance to CUs with changes to TILA/RESPA rules, any changes create a burden on credit unions as the result of the need for training, revisions to various materials, and more.
ECORSE, Mich.—Robert LaPalme has been named as the new president/CEO of Downriver Community FCU.
CHICAGO—BMO Harris Bank here has launched a cardless ATM network that will allow customers to withdraw cash by using their smartphones.
ARLINGTON, Va.—NAFCU Service Corp. is inviting credit unions to take part in its 9th annual Executive Compensation and Benefits Survey.
KALAMAZOO, Mich.—Consumers Credit Union is building a new corporate headquarters here in the Groves Center.
ARLINGTON, Va.—NAFCU has promoted Dan O’Brien to director of political affairs.