NAFCU to Hensarling: Exempt CUs From CFPB Oversight

The Dodd-Frank overhaul being pushed by House Financial Services Chairman Jeb Hensarling (R-Texas) should exempt credit unions from CFPB rulemaking, NAFCU President/CEO B. Dan Berger said Tuesday. “While there are credible arguments to be made for the existence...

NCUA Approves Federal Charter for California Credit Union

The NCUA said Tuesday it granted a federal charter and share insurance fund coverage to the $1.1 billion Firefighters First Federal Credit Union in Los Angeles. The new charter, which became effective April 18, will enable Firefighters First FCU to offer consumer...

Durbin Amendment Fight: Who’s Ready, Who’s Not?

A fight to repeal the so-called Durbin Amendment could put any effort to overhaul Dodd-Frank at risk, Mallory Duncan, senior vice president and counsel at the National Retail Federation warned Tuesday. “There’s not an appetite to have this fight...

Survey Reveals Unsafe Workplace Data Security Practices

Almost three in four employees are willing to share sensitive, confidential or regulated company information under certain circumstances. A third said it’s common to take confidential data when leaving a company. Those are a couple of the findings from a Dell...

DOL Could Let Overtime Regulations Fade Away

New overtime regulations put in place by the Obama administration could end up fizzling if the Department of Labor fails to battle for their implementation. That’s according to a Society for Human Resource Management report, which says the DOL’s...