Daily Briefing for Friday, July 30:
Republican Filibuster Keeps CU Hopes Alive For Member Business Loan Bid
WASHINGTON – Senate Republicans finally succeeded in stopping a vote on a Democratic-sponsored bill yesterday, leaving the door open – if only slightly – for credit unions to get an amendment attached to the small business lending bill that would raise the limits on member business loans.
- Senate Rejects Latest Bid On Interchange
- Justice Department Eyes New Antitrust Suit Against Visa, MasterCard
- NCUA Liquidates Another Colorado CU Failure
- Arrowhead Central CU’s Larry Sharp Lands On His Feet After NCUA Ouster
- Industry Veteran Tom Glatt Steps Down As CEO Of First Virtual CU
- Mortgage Rates Keep Falling To Record Lows
- APPRO Deal Fuels Equifax In Second Quarter
- Earnings Slide At Diebold
- TruMark Financial CU Implements Digital Defense’s Insight Analysis
- AMOCO CU Adds Fifth Area Branch
- Member Service Rep At San Mateo CU Charged With Stealing $73,000
This Week's Lead Stories
Bankers Line Up Against CUs Over MBL Provision
WASHINGTON-Community banks across the country are lobbying Congress against a proposal to add an increase in the member business loan cap for credit unions to the pending job bill, leaving the long-sought credit union initiative in increasing doubt.
CUs' Concentration Risk Concerns Raised By NCUA
CHICAGO-NCUA is concerned many credit unions are not concentrating on the full extent of their concentration risk.
Only Thing Scarier Than Reform Bill: The Regulations Still To Come
CHICAGO-There is greater concern over what's to come-rather than what's already known-regarding the financial reform legislation signed into law by President Obama last week.
Talk Is Cheap . . . In Theory
CAMP PENDLETON, Calif.-Mobile banking transactions cost less than transactions at every other channel, according to mobile vendors and analysts, but credit unions that offer mobile banking can't confirm that claim.
Matz: NCUSIF Could Go Slightly Below 1.2% Level
CHICAGO — The NCUA Board would consider allowing the National Credit Union Share Insurance Fund (NCUSIF) to operate with an equity ratio slightly below 1.2%, but will not consider allowing that ratio to drop anywhere near the 1.1% range or even lower as some have proposed, according to NCUA Chairman Debbie Matz.
Special Report
Corporate CUs
With most corporate credit unions operating with little to no capital and NCUA gearing up to unveil new rules later this year that could create a totally new business model for them, this week's special report looks at the corporate meltdown and asks how did we get here, what led to all of this, who is to blame, and what might be on the road ahead?
Special Report
Retail Pricing
With changes to Reg E, the CARD Act and pending changes to interchange, banks and credit unions alike are having to look at the pricing of all of their products and services to make up for lost revenue. This week's special report looks at what credit unions are contemplating as these hits to their income are starting to be felt.
Special Report
Lending
Despite record-low rates, mortgages volume is still down. This week's special report looks at how the mortgage market is shaping up, as well as a number of strategies credit unions are using to boost their lending portfolios.
