MBL comment letters due to NCUA today

The NCUA’s 60-day comment period for its proposed changes to the member business lending (MBL) rule is closing today. Credit unions are urged to send in a comment. A League source says that the NCUA has received enough negative comments from bankers that the agency has taken notice. The proposed rule looks to overhaul NCUA’s […]

Small-business owners’ confidence in economy wanes

Small-business owners’ confidence in the overall economy is fading despite strength in their own operations, a sign the recovery’s gains may be slowing. For August, the portion of small businesses reporting that the U.S. economy was improving fell to its lowest level since the government shutdown of 2013, according to a monthly survey of small […]

Target to pay Visa issuers up to $67M over data breach

Target will pay Visa card issuers up to $67 million in a settlement over a massive 2013 data breach, the retailer confirmed Tuesday. The agreement follows the rejection of a proposed $19 million deal with MasterCard, which needed approval from 90 percent of financial institutions representing affected cardholder accounts.The VISA deal does not require approval […]

Lewis named NYIB chairman

At its most recent annual meeting, the National Youth Involvement Board (NYIB) elected a new regional coordinator, re-elected two regional coordinators, and re-elected the chairman for a second term. The NYIB re-elected Juli Lewis, member relations consultant for the LSCU & Affiliates, as NYIB chairman for 2015-16. Lewis has 22 years of experience in the […]

Harrell arrangements set

For those wishing to pay their final respects to the family of ACIPCO Credit Union CEO Mike Harrell, the visitation and memorial service have been set. The First Baptist Church of Dadeville will host the viewing Wednesday, Aug. 12, from 9:30 to 11:30 a.m. and a memorial service will follow immediately after at 11:30 a.m. […]