President Donald Trump announced Monday the nomination of Kyle Hauptman to the NCUA board. He is currently an advisor for Sen. Tom Cotton (R-Ark.) on economic policy and staff director of the Senate Banking Committee’s subcommittee on economic policy.
CUNA Chief Advocacy Officer Ryan Donovan gave an update on the latest phase of COVID-19 relief legislation, among other topics in his Advocacy Update video for this week. Both chambers of Congress are in session this week.
Permitting electronic signatures on wire transfer documents would allow credit unions to continue member service during the coronavirus disease (COVID-19) pandemic in a safe and sound manner, CUNA wrote to the National Conference of Commissioners of Uniform State Laws Tuesday.
NCUA Chairman Rodney Hood responded to CUNA/League concerns about the effects of the coronavirus outbreak Tuesday following a meeting with CUNA President/CEO Jim Nussle, expressing expressing appreciation for the work that credit unions are doing for communities.
The NCUA board issued a corporate credit union proposal, adopted a final interagency policy statement on the CECL standard at its Thursday meeting, in addition to hearing briefings on credit union mortgage rates and the NCUSIF.
Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.