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NAFCU: Fed Credit CARD Act proposal too broad
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NAFCU on Friday said it supports the intent behind the Federal Reserve Board’s proposal for implementing Credit CARD Act provisions set to take effect in 2010, but it said the provisions are “unnecessarily broad” and would impose significant costs on all card issuers, including responsible lenders like credit unions.
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Becker promotes CUs in holiday media tour
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Using credit unions and following a few key rules can help consumers “avoid a holiday budget hangover,” NAFCU President Fred Becker emphasized in a media tour conducted over the past week.
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Discounts for HMDA webcast end Wednesday
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Credit unions have until Wednesday to save on NAFCU’s next webcast, which will provide an overview of changes to Home Mortgage Disclosure Act requirements that took effect Oct. 1 and guidance for handling reporting errors and potential liability.
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NAFCU beating the drum on CU biz lending
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NAFCU President Fred Becker urged anew on the need to increase the credit union member business loan cap in letters to Treasury Secretary Tim Geithner and Sen. Mark Warner, D-Va., a member of the Senate Banking Committee.
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Dodd slates hearing on Bernanke nomination
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Ben Bernanke is slated to appear before the Senate Banking Committee in a Dec. 3 hearing on his nomination to a second four-year term as chairman of the Federal Reserve Board – a move supported by panel Chairman Chris Dodd, D-Conn.
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