LSCU COOP / Communication & Press Room / News Feed / Top Stories

Top Stories

CFA asks senators to support MBL cap increase

The Consumer Federation of America has joined the list of organizations that support a member business lending authority increase for credit unions, telling senators that the Small Business Lending Enhancement Act of 2012 (S. 2231) would "expand access to affordable credit for small businesses and help strengthen local marketplaces that serve consumers well."... More

NCUA report notes CU burden in diversity standards

The administrative burden on credit unions will be taken into account as new diversity standards are developed, since "credit unions face some challenges in developing diversity policies and programs," the National Credit Union Administration's Office of Minority and Women Inclusion said in its yearly report to Congress.... More

Jenkins to receive AACUC lifetime achievement award

Shirley Jenkins, a long-time active supporter and advocate in the credit union industry, was named the 2012 Pete Crear Lifetime Achievement Award-winner by the African-American Credit Union Coalition.... More

Cheney provides national insights at MnCUN meeting

Offering a national perspective on the credit union movement's current issues, CUNA President/CEO Bill Cheney provided Minnesota credit unions insight into successes and opportunities during the Minnesota Credit Union Network's annual meeting April 13-14 in Bloomington.... More

MBL roundup: Landscaper--CU acted when banks would not

More letters to the editor about member business lending (MBL) are rolling in from small businesses and credit unions, and one Alabama credit union has put its case for raising the MBL cap on video by interviewing small businesses it has helped. Here's a recap of those efforts.... More

Study: Gas retailers not passing fee savings to consumers

Although gas retailers in the U.S. are saving $1 billion a year through the subsidy provided by the Dodd-Frank Act's interchange fee provision, they are not passing the savings on to consumers, according to a new study from the Electronic Payments Coalition.... More

CFPB can cut CU reg burden on TILA/RESPA form, says CUNA

As the Consumer Financial Protection Bureau moves to the final stages of its project to integrate Truth in Lending Act and Real estate Settlement Procedures Act disclosures into a single form, CUNA has provided a number of specific recommendations the bureau could take to reduce the regulatory burdens faced by credit unions.... More

Wash. Post: CU attracts young members with iTunes

Money One FCU in Largo, Md., has been attracting younger members for two years through a program that offers free iTunes downloads, The Washington Post reported Monday.... More

Let Congress set privacy rules, CUNA tells CFPB

CUNA has urged the Consumer Financial Protection Bureau, which sought comments on a proposal that is intended to protect privileged information provided to the agency, to postpone its rulemaking pending action in the Senate on legislation to accomplish similar goals.... More

ATM fee-notice lawsuits spread to West Coast

Lawsuits brought against credit unions and banks alleging violations of the ATM-fee disclosure provisions in the Electronics Funds Transfer Act are on the increase again, this time on the West Coast with the latest filed Thursday against a credit union in Washington state.... More