House Republicans conducted leadership elections Wednesday, and. Rep. Kevin McCarthy (R-Calif.) was named House Minority Leader. House Democrats are expected to conduct their leadership elections in late November.
The D.C. Circuit Court of Appeals has set a briefing schedule for the appeal of the field-of-membership lawsuit brought against NCUA by the ABA. CUNA fully supports NCUA in its appeal, and plans to submit an amicus brief.
CUNA member credit unions can access the first webinar on CUNA’s Creating Awareness Initiative for free. CUNA Chief Strategic Communications Officer Douglas Kiker and others used the webinar to discuss the research behind the initiative.
Hundreds of credit union leaders from 10 states met with elected officials and other policymakers throughout Washington, D.C. this week to talk credit union tax status and regulatory relief, among other topics, as part of their “Hike the Hill” visits.
The Bureau of Consumer Financial Protection, in collaboration with 11 financial regulators and related organizations, seeks comments regarding a consultation document on a Global Financial Innovation Network, due by Oct. 14.
Supervisory guidance does not have the force and effect of law, NCUA and other federal financial regulatory agencies said Tuesday in a joint statement. CUNA supports this unified approach from regulators.
The Financial Accounting Standards Board officially issued its proposal making several CUNA-backed changes to its current expected credit loss standard, first agreed to at its July board meeting. Comments will be due Sept. 19.
News Now, Policy and President Donald Trump signed the NDAA for FY19 Monday at Fort Drum, enacting the legislation without a provision CUNA fought to remove that could have negatively impacted military credit unions.