NCUA will vote on several proposed and final rules Dec. 17 and 18. According to NCUA, the meeting will be over two days “to ensure a transparent and open discussion of several policy issues affecting federally insured credit unions."
Credit unions have numerous Paycheck Protection Program concerns that could be alleviated by Congressional action, CUNA wrote to the Senate Small Business Committee Wednesday. Credit unions helped facilitate more than 170,000 PPP loans averaging $49,000 per loan.
CUNA President/CEO Jim Nussle and Chief Advocacy Officer Ryan Donovan were named “Top Lobbyists” in 2020 by The Hill, which notes despite the pandemic and associated economic effects, the two are among key players members turn to ensure their voices are heard in the nations capital.
The House passed a Continuing Resolution Wednesday to fund the federal government through Dec. 18, one week past the current scheduled expiration date of Dec. 11. Negotiations continue on a long-term funding bill with potential pandemic relief.
Comments on NCUA’s proposed 2021 budget are due Friday and the NCUA Board is expected to vote on the budget at its Dec. 17 meeting. Feedback on NCUA’s budget is just one of several comment deadlines for credit unions in December and early January.
The U.S. Supreme Court heard oral arguments Tuesday in Facebook v. Duguid, a case involving automated telephone dialing systems. CUNA filed an amicus brief in the lawsuit in September supporting a narrow scope for the TCPA definition of an ATDS.
The House voted Tuesday evening to pass the conference report of the fiscal year 2021 National Defense Authorization Act (NDAA). The bill will head to the Senate floor for a vote, expected later this week.
The House unveiled a Continuing Resolution Tuesday that would fund the federal government through Dec. 18, one week past the current scheduled expiration date of Dec. 11.
The House is expected to vote on the bill Wednesday.
Congress is expected to vote on the FY21 NDAA conference report this week and negotiations continue to fund the federal government past Dec. 11. CUNA will also be engaged with two Senate subcommittee hearings.
Consideration of a national bank charter application for an uninsured depository institution should be postponed, as the “precedent-shattering approach” of granting a national bank charter to an institution that accepts only uninsured deposits would violate Federal law and the intent of Congress.
Credit Union Magazine’s Fall 2022 issue highlights credit unions’ role in cryptocurrency, the state of digital assets, cannabis banking compliance, the human side of technology implementation, and involving the board in financial discussions.