Tuesday, July 22, 2014
House Lawmakers Spar Over Dodd-Frank on Anniversary
WASHINGTON — Top lawmakers on the House Financial Services Committee debated the value of the Dodd-Frank Act in dueling reports on Monday, commemorating the financial reform law's fourth anniversary.
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Between the proposed virtual currency regulations in New York and those already established in Texas, the future of Bitcoin would be brighter if more states follow the Lone Star State's example, says one legal expert. more »
WASHINGTON — The Consumer Financial Protection Bureau said Monday that it is accepting consumer complaints on prepaid cards and other non-bank products such as credit repair services and pawnshop loans. more »
ALEXANDRIA, Va. — Perhaps the third time really is the charm for NCUA Chairman Debbie Matz, who found the audience at the agency's final "listening session" more apprehensive than hostile toward the regulator's risk-based capital proposal. more »
WASHINGTON — Credit unions and NCUA have kicked the tires on the risk-based capital proposal during the first two "Listening Sessions" that have seen healthy — and sometimes heated — exchanges between the regulator and CUs. more »
Regulation is threatening to drive some credit unions out of certain business lines, making reg relief efforts a top priority for the community. Two CU execs passed that message along to Congress on Tuesday. more »
WASHINGTON — New policy from the Consumer Financial Protection Bureau is shedding light on how a Supreme Court decision last year ensuring rights for same-sex married couples applies to financial services regulations. more »
NCUA may be listening, but many credit union executives here Thursday weren't convinced that their regulator is hearing them. more »
WASHINGTON — What happens when you mix a cutting-edge payments technology with the newest financial regulator on the block, both of which stir policy passions? more »
SAN FRANCISCO — The flurry of regulations coming out of CFPB were expected to drive some credit unions right out of the mortgage business, but the "big dog" of mortgage regulation is yet to come, and that one might finally do the trick, according to one compliance expert. more »
Federal and state regulators are putting more pressure on banks to take immediate actions to address looming defaults of home equity lines of credit. more »
ALEXANDRIA, Va. — NCUA has terminated its Letter of Understanding and Agreement with Valley Pride FCU of Plains, Pa. more »
Two credit unions that have filed late call reports and face civil money penalties say they have until mid-July to either pay their fines or appeal. more »
NCUA's risk-based capital proposal is either "a solution looking for a problem" or "an attempt to modernize the capital system," depending on who's doing the talking. more »

A look at credit union partners and what they will be offering at NAFCU's upcoming Annual Meeting & Convention in Las Vegas.
Oct 20 - 22 | PayThink (formerly ATM, Debit & Prepaid Forum)

JW Marriott Desert Ridge
Phoenix, AZ
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Oct 27 - 29 | Financial Services Collections & Operational Risk Conference

The Cosmopolitan
Las Vegas, NV
More Info

Highlighting the CU Difference
This spot from Minnesota Valley FCU highlights the CU difference, including shared branching, the people-helping-people philosophy, and that credit unions are non-for-profit financial institutions.
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