Procurement reforms that level the playing field in international development should be encouraged, CUNA wrote Wednesday to Senate Foreign Relations Committee leadership for the record of a committee hearing on USAID.
The video recording of the May 24 NCUA Board meeting is now available on the agency’s website. The board approved issuing a proposal on a new payday alternative loan product, and a final rule on severance claims.
The Senate Appropriations FSGG subcommittee on financial services and general government passed its fiscal year 2019 bill Tuesday, which contains CUNA-supported full funding for the CDFI Fund and the SBA's 7(a) loan program.
CUNA will be engaged as Senate appropriators mark up FSGG appropriations legislation for fiscal year 2019 this week, paying close attention to allocations for several important credit union funds, including the CDFI Fund and CDRLF.
The CFPB should look closely at its rules and streamline regulations or exempt credit unions entirely, CUNA wrote to the bureau Tuesday in response to its RFI on adopted regulations and new rulemaking authority.
President Donald Trump will nominate former NCUA board member Rodney Hood to fill the board seat currently held by board member Rick Metsger. Hood previously served as vice chair of the NCUA board from 2005 to 2010.
President Donald Trump nominated White House budget official Kathy Kraninger to lead the Bureau of Consumer Financial Protection. CUNA President/CEO Jim Nussle said CUNA, leagues and credit unions look forward to working with the new director and will continue their push for regulatory relief.