The House Appropriations financial services and general government subcommittee approved the House FSGG Appropriations Act for fiscal year 2019 by a voice vote Thursday. The legislation contains several regulatory relief provisions supported by CUNA.
CUNA offices in Washington, D.C. and Madison, Wis. will be closed Monday, May 28 in observance of Memorial Day. There will be no Daily e-mail sent Monday, May 28. The Daily will resume Tuesday, May 29.
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.