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.
As consumers share more in the cyber world, breaches expected to continue.