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An impressive number of state legislators visited the Credit Union House in Oklahoma City Tuesday. They were there for the First Annual Sine Die BBQ and reception hosted by the Greater Oklahoma City Chapter of Credit Unions.
More happened this week at the Southwest Lending Conference than talk of loans. At the beginning of the three-day conference, the Cornerstone Lending Council presented the Cornerstone Credit Union Foundation with a check for $10,000.
The latest Regulatory Grid Summary is up on the Cornerstone Credit Union League website and ready for your perusal. This informative summary gives you the most up-to-date details about current federal and state comment calls for proposed rules and regulations.
The Federal Reserve on Wednesday announced it will impose fines totaling more than $1.8 billion against six major banking organizations for their unsafe and unsound practices in the foreign exchange (FX) markets. The fines, among the largest ever assessed by the Federal Reserve, include: $342 million each for UBS AG, Barclays Bank PLC, Citigroup Inc., and JPMorgan Chase & Co.; $274 million for Royal Bank of Scotland PLC (RBS); and $205 million for Bank of America Corporation
More than 33,000 messages from credit unions have been sent to the U.S. Congress in support of data breach legislation following Credit Union National Association’s action alerts on U.S. Senate and House bills. CUNA issued action alerts in April and May to garner support for the two bills that would provide a strong national data security standard.
ates continue to hover around historic lows. Freddie Mac said a 30-year fixed-rate mortgage averaged 3.85 percent in the week ending May 14, up from 3.80 percent last week. Thirty-year rates hit a historic low of 3.31 percent in late-2012, but a year ago, 30-year mortgages were averaging 4.21 percent.
U.S. District Judge Katherine Forrest ruled Monday that the National Credit Union Administration lacked standing to sue U.S. Bank and Bank of America over 74 of the trusts that the agency moved into new, independent trusts (Bloomberg May 19).
You know by the ever-glowing spotlight on data breaches that cybersecurity is a hot-button issue these days—and rightfully so. Target, Home Depot, Anthem, and the many other companies continue to deal with the fallout of those breaches, as are untold numbers of consumers and financial institutions. In addition to recovery and fraud costs, credit unions have also been the victims of data breaches, and credit union principals have to wonder if they'll be next.
Southwest CUNA Management School (SCMS) has added an exciting new course and faculty member to the curriculum. Philosophy Is Good Business: Opportunities for Marketing and Growth features a dynamic and experienced instructor Tim McAlpine.
The Texas House passed HCR 26 by Rep. Dan Flynn (R-Van), a House Concurrent Resolution that urges the Congress of the United States to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The Texas Association of Mexican American Chambers of Commerce (TAMACC) honored 12 outstanding Latina business and community leaders at the fourth annual Women of Distinction Awards luncheon May 8, 2015, at the Four Seasons Hotel in Austin, Texas.
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