|Rep. Judy Chu, D-CA|
'PATENT TROLLS' EXAMINED AT HEARING
updated 11/05/13 09:21 AM
Congresswoman Recognizes CUs
Last week the House Judiciary Committee held a hearing on H.R. 3309, the “Innovation Act,” which would improve the patent system to promote American innovation and competitiveness legislation offered by Reps. Judy Chu, D-CA, and Darrell Issa, R-CA.
While introducing her legislation, Chu expressed concern about patent troll abuses and their effects on local institutions, including the credit unions in her district. In her statement, Chu formally recognized how abuses in the current system forced "local credit unions in Southern California… to settle in a lawsuit over features on their websites."
Three weeks ago, while the federal government was shut down, Chu's staff met with representatives of the California Credit Union League to fully understand the impact patent trolls were having on credit unions and the threat they pose to their operations, especially at a time when many credit unions are returning to good financial condition.
SUPP. CAPITAL FOR RBC GAINS ADVOCATE updated
12/16/14 11:04 AM
McWatters Supports Model for CUs
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters recently said he supports including a supplemental capital provision in the agency's risk-based capital (RBC) rule to help credit unions meet the rule’s requirements.
CU DIRECT TO DONATE 20K TO CMN updated
12/16/14 11:03 AM
‘20 for 20’ Anniversary Campaign
CU Direct, the nation’s leading provider of lending, automotive, and strategic solutions for credit unions, is celebrating its 20th anniversary by holding a contest to donate $20,000 to one of the nation’s Children’s Miracle Network (CMN) hospitals.
NCUA MAY BE LIABLE FOR DATA BREACH updated
12/16/14 10:05 AM
Flash Drive with Member Info Lost
The National Credit Union Administration (NCUA) confirmed on Dec. 15 that a flash drive containing the personal information of Palm Springs FCU member was lost during a recent audit. The loss of data includes names, addresses, Social Security numbers, and account information.
PREPARE FOR HEALTH CARE REQUIREMENTS updated
12/16/14 09:42 AM
Also, Digital Media and Marketing
Federal health care law requirements, creating a quick digital message, and the marriage of innovation with marketing are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest!