Washington

• Congressional Tax Reform Leaders Launch Comment Website

  By Heather Anderson  |  May 10, 2013

  A thousand signatures in first 12 hours, says Rep. Camp and Sen. Baucus.

• SEC, FINRA Warns Investors of Pension Income Stream Risks

  By Michelle A. Samaad  |  May 10, 2013

  Investors wanting to sell their rights to an income stream or investing in one that belongs to someone else need to be aware.

• Banker Survey: CFPB’s QM Exemption Too Narrowly Defines 'Rural'

  By Heather Anderson  |  May 10, 2013

  ICBA says many of its rural members often make non-traditional loans that would not be allowed under proposed new rules.

• NCUA Board Will Propose Derivatives Rule

  By Heather Anderson  |  May 9, 2013

  May meeting also will include supervisory actions and appeal on a change in governance at a credit union.

• How Many Hours to Comply With Obamacare?

  By Kathryn Mayer  |  May 9, 2013

  GOP-powered panel says enough to build Mount Rushmore more than 1,500 times.

• CFPB Delays Credit Insurance Rule to Clarify Language

  By Heather Anderson  |  May 9, 2013

  Provision was to take effect on June 1. CUNA has asked for extension until January.

• LICUs Awarded Summer Intern Grants in Fierce Competition

  By Heather Anderson  |  May 8, 2013

  NCUA says $80,000 awarded for internships at 22 low-income credit unions in 16 states.

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  Illinois Congressman Helps Alliant CU Make the Grade at Middle School

  By Peter Strozniak  |  May 8, 2013

  U.S. Rep. Jan Schakowsky attends financial literacy classes taught by Alliant volunteers at Des Plaines middle school.

• CFPB Doubles Remittance Compliance Time

  By Heather Anderson  |  May 8, 2013

  The Consumer Financial Protection Bureau released its final remittance rule April 28 and gave providers six months to comply, setting an Oct. 28 effective date. The bureau had originally proposed a 90-day compliance window following its release of the final rule.

• NCUA Bank Suits in Appellate Court Hands

  By Heather Anderson  |  May 8, 2013

  In a sweeping order that delays proceedings on eight pending NCUA lawsuits against Wall Street banks over mortgage backed securities sold to failed corporate credit unions, U.S. District Judge John W. Lungstrum said April 29 that he will wait for the result of a related appeals court ruling, citing concerns...