CUNA Chief Economist Mike Schenk recognized NCUA’s continuing improvements in its budget process Wednesday while presenting at NCUA’s budget briefing. The NCUA’s proposed 2019 operating budget is $304.4 million.
Credit Union Legislative Action Council, the federal PAC of CUNA, is launching its first round of independent expenditures for the 2018 midterm election cycle. The IEs are being launched in various stages throughout the week.
Eighteen young credit union professionals from around the country spent Monday at Credit Union House in Washington, D.C. learning the ins and outs of credit union advocacy. Another training will take place on Monday, Sept. 24.
Interest rate swaps and caps promote safety and soundness by helping community-based institutions hedge interest rate risks related to fixed-rate mortgages and similar investments, the World Council of Credit Unions wrote Monday.
The Bureau of Consumer Financial Protection announced new members for its reconstituted Credit Union Advisory Council Friday. All seven of the selected CUAC members are currently CUNA member credit unions.
Rep. Blaine Luetkemeyer (R-Mo.) formally introduced his data breach notification bill Friday, a bill containing several principles CUNA believes are essential to any data breach legislation, including a national notification standard.
CUNA supports the creation of an efficient, effective and fair secondary market with equal access for lenders of all sizes, it wrote to the House Financial Services Committee Thursday, following a joint letter sent Wednesday.
The Fourth Circuit of Appeals will hear arguments Oct. 30 in an appeal by DOL FCU in a frivolous lawsuit alleging website noncompliance with the ADA. CUNA filed a brief in the case, its first at the appellate level.
NCUA Chairman J. Mark McWatters will be among federal financial regulators testifying before the Senate Banking Committee Sept. 13 on implementation of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155).
Policymakers should cement recent government-sponsored entity reforms and look to complete additional necessary reforms, CUNA wrote Wednesday in a joint letter for the record of a House Financial Services Committee hearing on GSEs.