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Sen. Dean Heller, R-NV

NEVADA SENATOR SHARES RBC CONCERNS
updated 07/12/14 02:19 PM
Sends Letter to NCUA
Senator Dean Heller, R-NV, has written a letter to the National Credit Union Administration (NCUA) on behalf of the Nevada Credit Union League stating his concerns with the agency’s risk-based capital proposal.

Click here to read the letter.

Heller is the most recent to raise concerns from the Senate Banking Committee.

“I am concerned the proposed rule would establish a new risk-based requirement for a credit union to be considered well-capitalized,” Heller states. “The risk weights in the proposed rule may be unduly burdensome on credit unions and reduce the availability or affordability of loan products, and restrict credit to citizens in Nevada.”

Heller also stated his concern that the NCUA hasn’t “adequately explained” the need for the risk-based capital proposal, adding that he would like the agency to “provide clear guidance on how credit unions should plan for supervision in the future,” with plenty of time to adjust and comply with any new rules.

 
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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.