CU loan growth continues, say CUNA Monthly Estimates
Credit union loans outstanding increased in February, as year-over-year loan balances rose significantly, according to CUNA's monthly sample of credit unions. More
What's brewing on patent reform
A House Energy and Commerce subcommittee has scheduled a hearing next Tuesday--April 8--on patent reform issues, titled "Trolling for a Solution: Ending Abusive Patent Demand Letters." That announcement comes amid reports that the Senate Judiciary Committee's expected patent reform bill markup could be delayed to April 8. More
Federal agencies warn ATM cyber-attacks increasing
Credit unions and all financial institutions are being alerted to the risks associated with cyber-attacks on ATM and card authorization systems and those associated with the continued distributed denial of service (DDoS) attacks on public-facing websites. More
CUNA pens OMB: RBC plan casts wide net of burden
The National Credit Union Administration's definition of "complex credit union," as set forth in its proposed risk-based capital regulation, "casts a regulatory net that is far too wide" and would create lasting burdens for credit unions, CUNA said in a Wednesday letter. The letter was sent to the Office of Management and Budget. More
Bank overdraft fees at record highs, CUs' remain lower
As deposits dwindle and low interest rates on mortgages sap income, more and more banks are pumping up overdraft fees on checking accounts in an attempt to refill their coffers. More
New CUNA survey seeks CUs' mortgage rule assessments
CUNA is following up with credit unions now that the Consumer Financial Protection Bureau's new mortgage rules have been in effect since Jan. 10, seeking more information about how those rules are affecting credit union practices. More
Isabelle named to Boston Federal Reserve Advisory Council
The Federal Reserve Bank of Boston announced that Bernard P. Isabelle, president/CEO, Vermont FCU, Burlington, Vt., is among latest appointees to the First District's Community Depository Institutions Advisory Council. More
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