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.
Further CUNA analysis of the U.S. Department of Labor’s overtime rule found minor relief, but CUNA remains concerned about the increased burden on credit unions. Several CUNA-suggested changes were included in the final rule.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.