Sunday, April 26, 2015
Backlog Forces CFPB to Slow Down New Investigations
WASHINGTON — Credit unions can't afford to ignore the potential ramifications of the Consumer Financial Protection Bureau's (CFPB) recent decision to pull back on new investigations in order to clear out a slew of pending cases.
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NCUA Director of Examinations and Insurance Larry Fazio testified before Congress today urging legislators consider supporting several NCUA-backed bills that would ease regulation and provide increased flexibility for financial institutions, pointing to the regulatory burden faced by credit unions today, more than three quarters of which have assets of less than $100 million. more »
WASHINGTON — House lawmakers clashed this week over a bill making changes to the Consumer Financial Protection Bureau that would cap the agency's budget in coming years. more »
Rep. Patrick McHenry said Democrats' resistance to passing certain regulatory relief measures is due to a leftward shift. more »
WASHINGTON — President Barack Obama has tapped the acting head of the Treasury Department's anti-money laundering and terrorism office to lead the department permanently. more »
Hillary Clinton just kicked off her presidential bid, but progressives have already begun a campaign of their own to shape the financial policy debate ahead of the 2016 elections. more »
WASHINGTON — A flurry of activity on Capitol Hill in the last two days, has given credit unions a hopeful glimpse of the regulatory relief they have been seeking for years. more »
WASHINGTON — Sen. Elizabeth Warren delivered a sweeping speech Wednesday aimed at what she's calling "the unfinished business of financial reform." more »
AUSTIN, Texas — NCUA Board Member Mark McWatters said regulators must be willing to listen to the industry it regulates to be effective—but that doesn't necessarily mean regulators will listen to each other. more »
WASHINGTON — The House is slated to vote on a host of regulatory relief bills next week when Congress returns from its spring break. more »
Leaders on the Senate Banking Committee are still trying to move forward on a regulatory relief deal, but negotiations will slip beyond an earlier goal to hold a vote by the middle of April. more »
ARLINGTON, Va. — The Federal Financial Institutions Examination Council (FFIEC) has released two statements concerning ways that financial institutions, including credit unions, can identify and mitigate cyber-attacks that compromise user credentials or use destructive software, known as malware. more »
WASHINGTON — The Consumer Financial Protection Bureau's plans for revamping payday lending set off a fierce debate Thursday over whether the agency had gone too far or not far enough, proving that this is likely to be one of the trickiest rulemakings the agency will ever attempt. more »
WASHINGTON — The House Financial Services Committee approved nearly a dozen regulatory reform bills for credit unions and community banks on Thursday, though Democrats signaled they remain concerned about efforts to roll back the Dodd-Frank Act and consumer protection measures. more »
Jun 01 - 03 | NCCR

Hyatt Regency
New Orleans
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Jun 08 - 10 | Digital Banking Summit

Hilton Austin
Austin, TX
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Don't Freak Out
After a recent rebrand as Verve, a Credit Union, the CU uses this spot to re-introduce itself - and its new name - and its new spokesman, Merv.
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