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CUs deserve upgraded lending limit, say new op-eds

Credit unions deserve an upgraded member business lending limit, say opinion-editorials in Connecticut and Pennsylvania media. That message also will be a focal point at a credit union booth at a "Putting America Back to Work" event this month in New York City.... More

N.Y. taxi CUs sue state over new licensing law

The Taxicab Service Association--an association of credit union lenders that finance New York City yellow taxi medallions purchases--and four individual credit unions filed a lawsuit Friday in New York State Supreme Court, asking the court to invalidate the HAIL Act, which when passed in 2011 allowed up to 18,000 new taxi licenses in the city. ... More

Two surveys indicate Americans need financial overhaul

Two recent surveys indicate Americans need a finance habit overhaul and represent an opportunity for credit unions to provide financial education to members.... More

La. insurance commission is first to partner with FinCEN

The Louisiana Commissioner of Insurance and the Financial Crimes Enforcement Network (FinCEN) have signed a Memorandum of Understanding that will allow the state and federal regulators to share information meant to better protect the financial industry and consumers from criminal activity and fraud... More

IRS announces 2013 VITA application deadline

Applications for the Internal Revenue Service's Tax Counseling for the Elderly and Volunteer Income Tax Assistance grant programs will be accepted until May 31, the IRS has announced.... More

Despite Fed survey, jury out on interchange impact: CUNA

While the Federal Reserve's study of the impact of the debit card interchange fee cap suggested that smaller issuers have only seen modest changes in their rates, CUNA President/CEO Bill Cheney said "the jury is still out" and credit unions continue to be concerned that market forces will ultimately drive down the fees that the exemption for smaller institutions is intended to protect.... More

WOCCU urges key changes to proposed FATCA rules

The World Council of Credit Unions this week said it is opposed to some aspects of the U.S. Internal Revenue Service's proposed implementation of the Foreign Account Tax Compliance Act.... More

CU comment sought on NCUA annual reg review

Each year, the National Credit Union Administration reviews one-third of its regulations to identify any rule or provision that it deems "outmoded, ineffective, insufficient, or excessively burdensome," and CUNA has asked credit unions to share their concerns regarding the NCUA's 2012 regulatory reform list, which was released earlier this year.... More

Federal Reserve Board releases study on interchange fees

The Federal Reserve's interchange study, as required by the Dodd-Frank Act, was released early on May 1.... More

Lawsuits, breaches top News Now's Top 10 April stories

ATM fee notification lawsuits and new data breaches dominated the top 10 News Now stories for April.... More

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