Credit unions saw an industry-changing victory 20 years ago with the passage of H.R. 1151, CUNA President/CEO Jim Nussle wrote Monday, a win that demonstrated the credit union system is at its best when it works together.
Credit unions are involved with dozens of primary races across Kansas, Michigan, Missouri and Washington Tuesday, as well as a special election in Ohio. Hawaii’s primaries will take place Saturday, August 11.
The Federal Reserve published a Consumer Compliance Supervision Bulletin in July, which provides high level summaries of a variety of compliance issues, focusing mostly on fair lending risks and Unfair, or Deceptive Acts of Practices.
CUNA encouraged NCUA to analyze ways regulations governing non-member deposits could be improved without posing additional risk in a letter following recent meetings between agency staff and CUNA’s Small Credit Union Committee.
Two credit union-friendly candidates won their Republican primary elections Thursday in Tennessee, Knox County Mayor Tim Burchett in the 2nd Congressional District and State Sen. Mark Green in the 7th Congressional District.
The NCUA board issued a lending proposal, finalized a suspensions and debarment rule and extended the federal credit union loan interest rate ceiling, among other items on the agenda at its Thursday board meeting.
NCUA issued a proposed rule to delay implementation of its risk-based capital rule by one year at its Thursday meeting. CUNA supports delaying the rule, but has pushed for a two-year delay through various pieces of legislation.
The Senate voted in favor of the National Defense Authorization Act conference report that omits a harmful provision to military credit unions. CUNA strongly pushed for removal of Section 2808 from the NDAA.
CULAC and the Tennessee Credit Union League are backing two candidates in Thursday’s primary elections in Tennessee, Knox County Mayor Tim Burchett in the 2nd district and State Sen. Mark Green in the 7th.