New Credit Union Awareness resources are available for credit unions to use when communicating about the coronavirus disease (COVID-19). The national digital campaign has been paused during the pandemic.
The House Financial Services Committee is expected to mark up a bill next week that contains a provision delaying the effective date of NCUA’s risk-based capital rule by two years. CUNA supports this provision.
The House Rules Committee announced it will meet on S. 2155 Monday at 5 p.m. (ET), paving the way for the House to vote on the bill next week. CUNA strongly supports the bill, which contains several regulatory relief provisions.
The Bureau of Consumer Financial Protection will host a public forum in Topeka, Kan. June 8 to discuss elder financial exploitation. CUNA has supported several bills that would protect reporters of suspected elder financial abuse.
The West Virginia Credit Union League joined the West Virginia Bankers Association Wednesday to call on the state’s members of Congress to support S. 2155 as the House will likely vote on the bill next week.
Credit unions interesting in coordinating with NCUA in the agency’s streamlined Community Development Financial Institution certification applications process will be able to do so from June 4-22 and Sept. 10-28 this year.
Credit union-supported candidates saw success in several states during Tuesday’s primary elections, including in competitive races for an open seat in Idaho and several congressional district races in Pennsylvania.
The House intends to vote on S. 2155 next week, as early as Tuesday, according to numerous reports. CUNA is urging credit unions to make a final push to encourage members of Congress to support the bill.