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Trump Names Jeffrey Rosen as US Deputy Attorney General
February 21, 2019U.S. President Donald Trump named Jeffrey Rosen as his nominee for US deputy attorney general on Wednesday.
Wendy’s Agrees to Pay $50 Million for 2015-2016 Data Breach
February 21, 2019After two and half years of litigation and three rounds of mediation, a group of credit unions and credit union leagues has reached a settlement agreement with fast food giant Wendy’s after the company’s 2015-2016 data breach.
Enterprise Risk Management Doesn’t Have to be Complicated…or Expensive! Discover break-through process at 2019 CU Marketplace Experience
February 21, 2019Join Dan Roderick at the 2019 CU Marketplace Experience on April 24, from 10:00 am - 10:45 am in Meeting Room D, as he discusses techniques to standardize and simplify compliance processes to minimize the impact on staff…and the bottom line.
NH Supreme Court Hears ATM ‘Patent Troll’ Case
February 20, 2019The New Hampshire Supreme Court has agreed to hear the case on lawsuits filed over patents related to automated teller machines (ATMs).
Scanning the Compliance World: Check Out These Highlights
February 20, 2019Charlotte Whatley, CCUA's Vice President, Compliance Service, provides updates from the world of compliance.
Register Now for 2019 Bank Secrecy Act Updates - Presentations at Marlborough and Delaware Offices
February 20, 2019Bank Secrecy Act and OFAC requirements continue to challenge credit unions of all sizes. As we have come to learn, examiner expectations vary from institution to institution depending on the level of risk—risks including who you serve and where and how you serve your membership.
Safe Harbor Cannabis Banking Program Goes National
February 19, 2019Safe Harbor Services, a credit union service organization wholly-owned by Partner Colorado Credit Union, Arvada, Colo., is expanding its Safe Harbor cannabis banking program nationwide.
Nominations Open for 2019 CU Difference Makers Awards
February 19, 2019The 2019 CU Difference Makers Awards have been created to give you a chance to salute the people who make a difference at the credit union, in the community and beyond. Winners will be recognized at the CU Marketplace Experience, the Association’s one-day extravaganza featuring fantastic speakers and over 60 industry-leading exhibitors, at the DCU Center in Worcester, Mass. on April 24.
Join the Association’s Housing Finance Reform Working Group
February 19, 2019In order to better identify member priorities for the housing finance system, the Association has formed a Housing Finance Reform Working Group and invites all interested members to join. The goal of the working group is to develop recommendations in the areas of housing, housing finance, mortgage lending law, and issues related to governmental sponsored enterprises (“GSEs”), including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
Digital Remittances to Hit $8.5 Billion by 2025; Samsung Pay Eliminates the Remittances Middleman
February 19, 2019A new study projects the digital remittance market is expected to make a little over $8.59 billion in 2025. The study notes it is more cost effective to transfer money internationally through digital transactions as overseas transfer rates have been slashed due to lower overhead costs. In other news, Samsung Pay users can now wire money intentionally through their mobile phones and save in fees compared to sending money overseas via conventional remittance routes.
Still Time to Register for Area’s Premier Vendor Showcase on April 24 - CCUA’s CU Marketplace Experience Features over 60 Vendors!
February 19, 2019Welcome to the Credit Union Marketplace Experience presented by the Cooperative Credit Union Association. This one-day event, on April 24 at the DCU Center in Worcester, Mass, will enliven your senses and connect you with exactly the vendors and suppliers you seek who are qualified to propel your credit union over the top to greater success!
Stop the Confusion!
February 19, 2019Members are asking us “what’s the difference between the upcoming Credit Union Marketplace Experience to be held on April 24 at the DCU Center in Worcester and the upcoming GNECUS event scheduled for the MGM Resort in Springfield, Mass?”
Wishing to alleviate any confusion about the shows, we offer the following explanation.
Confirmation Hearing Held Yesterday for NCUA Board Nominees, FHFA, and U.S Treasury Posts
February 15, 2019Former National Credit Union Administration Board Vice Chairman Rodney Hood (R) and former director of the agency’s office of public and congressional affairs, Todd Harper (D), who also served as chief policy adviser to NCUA Chairmen Debbie Matz and Rick Metsger, appeared before the U.S. Senate Banking Committee yesterday for a hearing on their nominations to the NCUA Board. Mark Calabria, nominated to head the Federal Housing Finance Agency which regulates Fannie Mae and Freddie Mac (GSEs), and Bimal Patel, nominated to be the Assistant U.S. Treasury Secretary for Financial Institutions, were on the panel with the NCUA nominees.
NCUA’s Proposed Rule on Supervisory Committee Audits Intended to Bring Audit Flexibility
February 15, 2019The National Credit Union Administration (NCUA) Board met yesterday for its February open board meeting. The agenda included a Board Briefing on an Interagency Rule regarding Loans in Areas Having Special Flood Hazards and a Proposed Rule to amend supervisory committee responsibilities.
Congress Passes ‘Border Deal’ to President for Signature - Would keep government funded through September 30
February 15, 2019The House voted Thursday night to approve a border security deal that prevents a new government shutdown in a 300-128 vote. The Senate passed the legislation in an 83-16 vote Thursday afternoon. The bill, now awaiting President Trump's signature, will keep the government funded through Sept. 30, 2019.
Enhance Your Company’s Visibility and Image during CCUA’s Upcoming CU Marketplace Experience- Secure Your Spot on Marketplace TV
February 15, 2019The idea of an in-house cable TV system at the upcoming CU Marketplace Experience aims to bring another dimension of communication and excitement to the fanfare planned for the April 24th gathering.
Big Banks Sue NCUA for Breaching MBS Settlement Agreement
February 14, 2019The NCUA, which successfully recovered billions from the big banks that sold toxic mortgage-backed securities leading to the collapse of corporate credit unions, is now being sued by some of those big banks alleging the independent federal agency repeatedly breached a 2013 agreement that settled the faulty securities dispute reports the Credit Union Times.
CFPB Updates List for Determining If TILA Mortgage Rules Apply
February 14, 2019The CFPB has updated and published its lists of rural and underserved counties for 2019 for credit unions and other lenders to use in determining whether certain Truth in Lending Act (TILA) mortgage rules apply. The Bureau also updated its rural and underserved areas tool on its website.
CU Exec Presses Congress to Take Action on Serving Cannabis Businesses
February 14, 2019Testifying before the House on Wednesday, Rachel Pross, chief risk officer with Maps Credit Union in Oregon, called on Congress to resolve legalities around serving cannabis businesses, saying not doing so means lost tax revenue and increases in crime.
Global Banking Futurist Predicts an Optimistic Future- Chris Skinner scheduled to address attendees at CU Accelerate 2019
February 14, 2019CU ACCELERATE 2019 REGISTRATION NOW OPEN!
In a recent blogpost by the European Finance Management Association, banking futurist Chris Skinner shared his vision of banking’s evolution as detailed in his latest book, Digital Human. Skinner, a featured speaker at CCUA’s upcoming CU Accelerate 2019 conference, scheduled for May 3-5 in Boston, sees the future banker as being radically different than from what he or she is today.
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