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.
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.
The Senate will vote on bills that offer regulatory relief for financial institutions, Rep. Jeb Hensarling (R-Texas) said this week, saying his goal is to get as many “pro-growth” measures to President Donald Trump as possible.
The House voted in favor of a joint resolution of disapproval against the CFPB’s indirect auto lending bulletin Tuesday, a move supported by CUNA. It will now go to President Donald Trump for his signature.
The House passed the CUNA-supported Small Business 7(a) Lending Oversight Reform Act Tuesday by a voice vote. It would enhance accessibility of capital available under the Small Business Administration’s 7(a) loan program.
CUNA opposes an administration-proposed $151 million cut to the Capital Magnet Fund, which CDFI credit unions use to support affordable housing. The cut is part of an administration package of proposed multi billion-dollar spending cuts.
CUNA and credit unions will be supporting credit union-friendly candidates around the country, including two incumbent Congressmen in North Carolina, as well as candidates in Indiana and West Virginia in Tuesday's primaries.
CUNA has activated its grassroots advocacy in support of S. 2155 as Congress returned from its recess Monday, reaching out to nearly 140,000 credit union leaders to encourage them to contact their members of Congress.
CUNA will be closely engaged with House consideration of a joint resolution of disapproval of the CFPB's auto lending bulletin this week, as well as hearings on blockchain and the fiscal year 2019 budget.