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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.

Click here to read Chu's full statement entered into the Congressional Record.

 
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CHAPTER FORUM, RECEPTION ENGAGES CUs updated 10/27/14 06:55 PM
Networking and Awards after 'REACH'
Credit union chapter members from across California and Nevada gathered Oct. 23 at the JW Marriott (L.A. Live) in downtown Los Angeles to attend the 2014 Chapter Forum, which offered a full day of valuable networking and educational sessions for attendees who were eager to share individual stories about the work their chapters are accomplishing.

NEEN JAMES CHALLENGES CUs AT 'REACH' updated 10/27/14 04:17 PM
'Time is the New Currency'
By Wednesday afternoon, nearly 700 credit union CEOs, professionals, industry vendors, and guests had attended REACH 2014, the California and Nevada Credit Union Leagues’ Annual Meeting and Convention from Oct. 20-22 at the JW Marriott (L.A. LIVE) in downtown Los Angeles.

CFPB, FTC HOST DEBT COLLECTION FORUM updated 10/27/14 03:31 PM
Latino Consumers Discussed
The Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) recently hosted an all-day forum on “Debt Collection and the Latino Community,” which brought together consumer advocates, industry professionals, and regulators to discuss how debt collection issues affect Latino consumers, especially those with limited English proficiency (LEP).

FinCEN: QUARTERLY UPDATE ON 'SARs' updated 10/27/14 03:09 PM
Also, Mortgage Service Transfer Guidance
The Financial Crimes Enforcement Network (FinCEN) has issued its SAR Stats quarterly update, which provides information on Suspicious Activity Reports (SARs) filed through Sept. 30, 2014.