Federal government funding is scheduled to expire Dec. 20, and reports indicate Congress has reached tentative agreement to prevent funding from lapsing. Should no agreement be reached by Dec. 20, the federal government would shut down.
CUNA’s efforts to attract diverse candidates to serve on its Board of Directors was recently covered in CEO Update discussing the Board Recruitment Committee’s efforts to find and encourage candidates to run for a seat on CUNA’s board.
The NCUA board approved a two-year delay on its risk-based capital rule at its Thursday meeting, in addition to approving the agency’s 2020-21 budget. NCUA staff also indicated the NOL will remain at 1.38% for 2020.
Congress is expected to consider legislation this week to fund the federal government past Nov. 21, when funding is set to expire. CUNA will also be engaged with several hearings in both chambers this week.
CUNA will host a free webinar Nov. 20 discussing patent enforcement of remote deposit capture technology, particularly in the wake of the $200 million verdict awarded to USAA from Wells Fargo earlier this month scheduled to begin at 1 p.m. (ET).
Funding for the federal government is set to expire Nov. 21, though Congress is expected to consider another continuing resolution this week to fund the government through Dec. 20, according to reports.
The Financial Accounting Standards Board officially finalized the delay for implementation of the CECL standard to January 2023 Friday. The board agreed to the delay in October and Friday’s action makes it official.
Google staff visited CUNA’s Washington, D.C. office earlier this week to discuss its plans to partner with credit unions and banks to offer checking accounts through Google Pay, providing details along with a timeline.
The NCUA board will discuss a proposal on real estate appraisals, a final interpretive rule and policy statement on Chairman Rodney Hood’s “second chance” proposal at its Nov. 21 meeting, scheduled to begin at 10 a.m. (ET).
A bill exempting loans to veteran-owned businesses from the member business lending cap has CUNA’s full support, CUNA President/CEO Jim Nussle wrote to bill sponsors Sens. Dan Sullivan (R-Alaska) and Mazie Hirono (D-Hawaii) Tuesday.
CUNA commented on four bills set to be marked up starting Wednesday by the House Financial Services Committee, supporting one and expressing concerns over three related to the Fair Debt Collection Practices Act..
CUNA marked Veterans Day this week with a communication from Chief Advocacy Officer Ryan Donovan sent to all 535 congressional offices highlighting the credit union commitment to serving military veterans and their families.