Reps. Tom McClintock (R-Calif.) and Eleanor Holmes Norton (D-D.C.) became the latest legislators to express support for the National Credit Union Administration’s member business lending proposal this week.
Credit union stakeholders have the remainder of August to comment on the National Credit Union Administration’s member business lending proposal, with resources available from CUNA on the proposal itself and its effect on credit unions.
With CUNA’s Bank Secrecy Act Conference, hosted in conjunction with the National Association of State Credit Union Supervisors, coming up next month, CUNA’s compliance staff went into detail of the NCUA’s BSA compliance program in a recent CompBlog entry.
President Barack Obama sent greetings Thursday to those celebrating International Credit Union Day. CUNA worked closely with the White House on the statement, and a number of credit union-friendly legislators also weighed in with the White House.
The NCUA’s Tuesday announcement that it will repay the U.S. Treasury in full is a good sign for credit unions, said CUNA Chief Policy Officer Bill Hampel. The agency will repay the $1 billion outstanding balance before Oct. 31.