The NCUA's proposed new capital standards for credit unions over $50M raises capital requirements and requires risk-weighting 10 asset classes.
The $1.1 trillion negotiated budget deal worked out earlier this month by lawmakers in the House and Senate includes money for two programs used by credit unions.
Credit unions tell trade association breach cost an average of $5.10 per affected card.
The $211 million Alabama State Employees Credit Union is the first financial institution to sue Target seeking breach losses.
The $1.1 trillion agreement includes $1.2M for the Community Development Revolving Loan Fund and $226M for the CDFI Fund. WOCCU received $275M.
Daniel Weickenand, CEO of the $531 million Orion FCU in Memphis, Tenn., said low margins and risk forced him to discontinue non-QM loans.
New FHFA director says CFPB's new QM rule could significantly impact mortgage credit availability.
CUNA will release aggregate breach cost information to member credit unions, lawmakers, federal regulators and the media. Individual credit union numbers will be kept confidential.
Trade group to open website next week to allow credit unions to report expenses they incur from massive hack.
Trades, consultant see possible impact as Senate Finance chair switches hands.