Chairman Matz and Board Member McWatters publicly accuse each other of violating a legal confidentiality agreement.
The NCUA Board approved a revised risk-based capital rule at the agency's Jan. 15 board meeting, which reduced the number of credit unions subject to the new capital requirements and lowered the well-capitalized standard by 0.5%.
CUNA makes available to members and the press an opinion it obtained in September 2014 that argues the NCUA's risk-based capital rule is illegal.
Federal Credit Union Act provides “interpretive flexibility” to implement a two-tier risk-based net worth system.
Kaufman & Canoles lawyers highlight which areas will undergo significant changes this year.
In a much-anticipated court ruling, a Minnesota federal judge said Dec. 2 that Target Corp. had a duty to protect debit and credit card information from cyberthieves.
Three of four allegations in a class action suit filed by financial institutions against Target can proceed.
Credit union trade associations push the Senate to pass a number of bills already approved by the House.
How will the CFPB change debt collection practices?
Many credit unions lack adequate security budgets. Cyber insurance can fill the risk gap.