The House and Senate released fiscal year 2018 omnibus spending legislation Wednesday, which contains several positives for credit unions. The NCUA is not placed under the appropriations process, and several credit union funds are funded.
Mississippi Gov. Phil Bryant named state Agriculture and Commerce Commissioner Cindy Hyde-Smith to fill the seat vacated by Sen. Thad Cochran. Hyde-Smith recently attended a Mississippi Credit Union Association meeting, and is a credit union supporter.
CUNA Mutual AdvantEdge Analytics announced Wednesday it will work with Microsoft to develop the next generation data platform for the credit union industry. AdvantEdge Analytics is a CUNA Strategic Services provider.
Congress should help credit unions and other small businesses address lack of clarity with the Americans with Disabilities Act that is resulting in abusive litigation, CUNA wrote to Rep. Ted Poe (R-Texas) Wednesday.
The Consumer Financial Protection Bureau released its five-year strategic plan this week, establishing its mission, strategic goals and strategic objectives. Working with the CFPB on credit union priorities is on CUNA’s 2018 advocacy agenda.
CUNA witness Kim Sponem will discuss the impact of data breaches on credit unions and members with a House Financial Services subcommittee Wednesday morning, and address what federal data breach legislation should look like.
The Department of Defense’s December guidance on the Military Lending Act has impacted several credit union services, and a recent CUNA CompBlog post examines its effect on indirect dealer lending programs.