In addition to issuing 2 proposals, the NCUA board finalized 3 rules Friday, and heard an update on the agency’s Enterprise Solutions Modernization program. The final rules involve safe harbor, inflation of penalties and FOIA.
The NCUA filed a response to the lawsuit against its final field-of-membership rule brought by the American Bankers Association. CUNA is tracking the lawsuit, and plans to support the NCUA in its defense of the rule.
Presumptive Democratic presidential nominee Hillary Clinton selected Sen. Tim Kaine (D-Va.) as her running mate Friday. Kaine is a familiar face to credit unions in Virginia, and was supported by the Virginia Credit Union League in his 2012 campaign.
Indiana Gov. Mike Pence, Republican vice presidential candidate, is a familiar face to credit unions in his state, and has enjoyed a positive relationship with credit unions dating back to his earlier days as a legislator.