The timing couldn’t be better for the new advisory board of the Payment Card Industry Security Standards Council to include several European voices.

WASHINGTON – A prohibition on mandatory arbitration provisions in certain mortgage loans is now just two weeks away.

ARLINGTON, Va. – NAFCU is pressing NCUA to make some changes in a proposed set of rules on federal credit union ownership of fixed assets.

ARLINGTON, Va. – As a result of the new Qualified Mortgage (QM) rule from the Consumer Financial Protection Bureau, nearly half (44%) of credit unions in a survey conducted by NAFCU indicated they will cease originations of non-qualified mortgages, while another 44% will reduce originations.

It is not your imagination; credit unions ARE spending more and more time dealing with new regulations.

CHEYENNE, Wyo. – WyHy Federal Credit Union has signed with NeighborBench for cloud-based compliance services.

BAY CITY, Mich. – A new round of lawsuits challenging readiness for the sight-impaired ATM provisions of the Americans With Disabilities Act is targeting credit unions, with as many as half-dozen ADA suits filed in the past few weeks.

DENVER – Denver Community CU said it has chosen NeighborBench’s cloud-based compliance solution to help simplify compliance.

ALEXANDRIA, Va. – The NCUA Board is expected next week to propose a rule allowing broader use of financial derivatives, mainly interest rate swaps, options and collars.

CHICAGO – Alliant CU has signed with PolicyWorks for regulatory compliance help.

The soon-to-be implemented Affordable Care Act, better known as ObamaCare, has credit unions scrambling to deal with its blizzard of requirements.

Health insurance has been regarded by most American companies as a standard employee benefit since World War II, but that is changing.

WASHINGTON – NCUA Chairman Debbie Matz issued her support this morning for a bill that would allow credit unions to raise secondary capital.

OLYMPIA, Wash. – The state Division of CUs has approved requests from state chartered credit unions to buy key-person insurance, also known as bank-owned life insurance, a popular retirement benefit held by banks known as BOLI, absent specific regulatory approval.

FREDERICK, Md. – Nymeo FCU, known as Comstar FCU until two weeks ago, has signed with NeighborBench to provide it with comprehensive compliance services.

ANAHEIM, Calif. – Credit unions are searching for answers on how to deal with the many requirements related to the Affordable Care Act, based on the full house that showed up for a breakout session Tuesday afternoon at the CUNA HR/TD Council Conference here.

WASHINGTON – In an unprecedented rebuff, the Republican chairman of the House Financial Services Committee refused to allow Consumer Financial Protection Bureau Director Richard Cordray to testify before the committee because he said a recent court ruling invalidates Cordray’s year-old appointment to the post.

Hundreds of credit unions have quietly qualified for relief from regulatory restrictions on member business loans and raising supplementary capital through NCUA's low income program, even as Congress continues to hold up decade-long requests for regulatory relief.

Credit union executives called on Congress last week to get the Consumer Financial Protection Agency to exercise existing powers to exempt credit unions from a growing list of new regulations being issued by the fledgling agency, or at least allow NCUA to override some of the new CFPB rules.

WASHINGTON – Credit union executives called on Congress this afternoon to get the Consumer Financial Protection Agency to exercise existing powers to exempt credit unions from a growing list of new regulations being issued by the fledgling agency, or at least allow NCUA to override some of the new CFPB rules.