The House Financial Services Committee is expected to mark up a bill next week that contains a provision delaying the effective date of NCUA’s risk-based capital rule by two years. CUNA supports this provision.
The Iowa Credit Union League has named Murray Williams as its next CEO, it announced Monday. Williams is the organization’s current chief operating officer, and has been with the league for more than 20 years.
The CFPB should delegate to the NCUA primary examination and enforcement of consumer protection laws for credit unions with more than $10 billion in assets, CUNA wrote in response to a bureau RFI on enforcement processes.
FinCEN's customer due diligence rule became effective Friday, and both CUNA and FinCEN have resources available for credit unions. The final rule clarifies and strengthens customer due diligence requirements for financial institutions..
CUNA wrote House and Senate appropriations leaders in opposition to any rescissions from the Capital Magnet Fund in response to proposed cuts from the administration. The fund provides grants to finance affordable housing.
CUNA urged credit unions to keep up the momentum of support for S. 2155, as House members indicated it could be headed to the floor soon. CUNA issued an action alert to more than 60,000 credit union leaders.
The Pennsylvania Credit Union Association joined with the Pennsylvania Bankers Association and the Pennsylvania Association of Community Bankers to urge the state’s members of congress to support S. 2155.
CUNA supports NCUA taking administrative action to address due process in the agency’s procurement processes, it wrote to the agency Wednesday in response to NCUA’s proposed suspension and debarment procedures.
Credit union-backed candidates Rep. Walter Jones (R-N.C.) and Greg Pence were successful in Tuesday’s primary elections, and will be on the November ballots in North Carolina and Indiana, respectively.