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.
Jim Nussle, a former eight-term congressman and director of the White House Office of Management and Budget for President George W. Bush who was announced as CUNA's new president/CEO Tuesday, will assume his new role in Washington in the coming weeks.
In an address on the U.S. House floor that has both been posted online and entered into the Congressional Record, Rep. Earl Blumenauer (D-Ore.) urged his congressional colleagues to advocate for legislation (H.R. 1418) that would increase the cap on credit union member business lending.