CUNA joined other trade organizations this week to call on Senate leadership to ensure regulatory relief language remains in the conference committee version of the 2019 financial services and general government appropriations bill.

The Internal Revenue Service released guidance this month regarding UBIT in the Tax Cuts and Jobs Act of 2017. A detailed analysis of the IRS guidance can be found on CUNA’s Removing Barriers Blog.

Credit unions are supporting several candidates in Tuesday’s primary elections, which take place in Arizona and Florida, and a candidate in a runoff election in Oklahoma. Candidates are backed by credit union leagues and CULAC.

CUNA’s Corporate Governance Committee has announced the results of the District 3, Class A special election for the CUNA Board of Directors. Ron Smith, President of Enbright CU, Nashville, Tenn., has been elected to the board.

NCUA’s latest issue of The NCUA Report contains a list of frequently asked questions regarding the impact of S. 2155. President Donald Trump signed the bill into law in May.

CUNA and credit unions responded to the latest banker attack in the Wall Street Journal Thursday, with CUNA President/CEO Jim Nussle responding to false claims about the credit union tax status.

The Senate Banking Committee voted Thursday in favor of Kathy Kraninger’s nomination to become director of the Bureau of Consumer Financial Protection. Kraninger currently serves in the Office of Management and Budget.

CUNA and the League system are seen as the most influential financial services organizations and one of the most effective advocacy organizations in Washington, according to an independent study conducted by Ballast Research.

CUNA followed up its letter last week to HUD with a joint letter reiterating the call for the agency to align the 2013 disparate impact final rule with the standards established by the Supreme Court.

The Financial Accounting Standards Board officially issued its proposal making several CUNA-backed changes to its current expected credit loss standard, first agreed to at its July board meeting. Comments will be due Sept. 19.