MADISON, Wis. (1/5/15)--An article about President Barack Obama's signing of the Credit Union Share Insurance Fund Parity Act was the most-read News Now article in December.
The legislation creates deposit insurance parity for credit unions by directing the National Credit Union Administration (NCUA) to extend share insurance coverage to trust accounts, such as Interest on Lawyer Trust Accounts (IOLTAS) and other similar accounts, opened and managed by credit union members.
Data breaches and security continue to be a concern for News Now readers, as three articles on those topics were among the Top 10 articles for the month as well.
The Top 10 articles for December included:
WASHINGTON (12/2/14)--The Federal Reserve Monday approved new rules for posting automated clearing house (ACH) and commercial check transactions. The new plan changes the times when the Reserve Banks will post ACH debit transactions and commercial checks that are processed overnight.
WASHINGTON (12/17/14)--The Federal Open Market Committee left the words "considerable time" in its policy statement today, potentially signaling that the Federal Reserve may raise short-term interest rates later than currently anticipated.
ALEXANDRIA, Va. (12/29/14)--The NCUA has filed a lawsuit suit in federal court against Wells Fargo Bank, National Association, alleging the bank has failed to fulfill its duties as trustee for 27 residential mortgage-backed securities trusts.
WASHINGTON (12/11/14)--The U.S. Senate just passed the Credit Union Share Insurance Fund Parity Act, which would direct the NCUA to extend share insurance coverage to trust accounts, such as IOLTAS and other similar accounts, opened and managed by credit union members.
WASHINGTON (12/23/14)--To help consumers avoid fraud this holiday season, and every season, the Credit Union National Association released a list of helpful tips to keep their personal information out of the hands of criminals.
WASHINGTON (12/9/14)--Retiring Sen. Tom Coburn (R-Okla.) today released a report he says "decodes" the U.S. tax code. In it he calls for the elimination of the credit union tax status, which applies to credit unions because of their cooperative, not-for-profit operating model.
ALEXANDRIA, Va. (12/30/14)--NCUA Inspector General James Hagen intends to take action in January in response to a data breach caused by a lost thumb drive during an NCUA examination at a California credit union, he announced Monday.
ST. PAUL (12/3/14)--A U.S. District judge has denied a motion from Target to dismiss the lawsuit against the company as a result of 2013's data breach.
ALEXANDRIA, Va. (12/18/14)--NCUA issued a statement Wednesday saying the information breach associated with the federal examination of a California credit union is an "unfortunate, but isolated, incident," resulting from a failure to follow agency policies on securing sensitive data that have been in place since 2008.
WASHINGTON (12/18/14)--The Credit Union Share Insurance Fund Parity Act was just signed into law by President Barack Obama. The bill creates deposit insurance parity for credit unions by directing NCUA to extend share insurance coverage to trust accounts, such as IOLTA and other similar accounts, opened and managed by credit union members.