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.
The CFPB's next symposium will examine a Dodd-Frank Act section that amends the Equal Credit Opportunity Act, providing perspectives on the upcoming implementation of Section 1071. It will take place Nov. 6.
Credit unions continue to make the best financial partner for 115 million Americans despite the latest bank attacks, CUNA wrote to Congressional offices Thursday, part of CUNA’s continuing efforts to highlight the credit union difference to policymakers.
The NCUA Board Thursday finalized a nonmember deposits rule, proposed field of membership changes to align with the recent victory in the D.C. Circuit Court of Appeals, and received a briefing on cybersecurity.
Defense credit unions provide products and services to military members and families with an eye toward member service—not profits, leadership from CUNA, DCUD and NAFCU wrote in the Military Times Wednesday.
Minority depository institution (MDI) credit unions represent an important way in which credit unions are fulfilling their mission by advancing financial inclusion and well-being for minority and underserved communities.
The House passed the CUNA-supported Corporate Transparency Act of 2019 Tuesday, a bill offering BSA/AML updates. with an amendment that would index CTR thresholds for inflation and further study the impact of SARs.
CUNA and its member credit unions remain committed to refining and building upon housing finance reform proposals to ensure a strong and sustainable secondary mortgage market that ensures the availability of affordable housing.
CUNA will partner with the FASB for a Dec. 19 webinar on the CECL standard, one of several CECL implementation workshops hosted by credit union organizations. FASB recently approved delaying CECL implementation for credit unions to January 2023.
The Corporate Transparency Act of 2019 (H.R. 2513) and an offered amendment would provide much needed updates to the Bank Secrecy Act/Anti-money Laundering framework, CUNA wrote in advance of House consideration of the bill this week.