Each year, the National Credit Union Administration reviews one-third of its regulations to identify any rule or provision that it deems ‘outmoded, ineffective, insufficient, or excessively burdensome,” and the agency just released its 2012 review list.

More than 12,000 free tax preparation sites will be open nationwide this tax season with an army of volunteers to help low- and moderate-income households with their tax preparation, according to the Internal Revenue Service. Credit unions will be among them.

Congressional candidate Suzanne Bonamici (D) has made lifting the credit union member business lending cap a key part of her campaign, and Oregon’s credit unions, the Northwest Credit Union Association and CUNA have, in turn, supported the long-time credit union backer ahead of today’s special election contest.

The dollar amount paid by CUNA Mutual Group in bond claims that cover fraud losses stemming from dishonest credit union employees has increased steadily since 2006, prompting the insurer to step up recovery efforts through litigation against those responsible for the losses.

A New York credit union has sued CUMIS Insurance Society for reimbursement of its claim of more than $565,000 in losses the credit union incurred when an ATM money management and armored car business defrauded credit unions, banks, retailers, hospitals and universities of $50 million by “playing the float.”

Recent domestic and global economic issues, and how the health of the credit union system is tied to employment issues, the housing market, and interest rate changes, are all covered in the National Credit Union Administration’s first YouTube briefing by its Office of the Chief Economist.

Two pro sports women’s associations are collaborating to form a credit union that has an educational wealth empowerment program for pro athletes and their families.

Releasing credit card consumer complaint data “could have misleading implications, unintended consequences, and privacy risks to consumers and others that submit or use the data,” CUNA has warned in a comment letter to the Consumer Financial Protection Bureau.

The North Carolina Credit Union League said it will conduct a special meeting Wednesday to discuss how to protect its credit unions following the National Credit Union Administration’s decision to require dual exams after Raleigh, N.C.-based State Employees’ CU’s disclosure of its CAMEL score.

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