NCUA selling its portfolio of taxi medallion loans is not an appropriate step at this time, CUNA wrote NCUA, as it may harm not only the credit unions holding taxi medallion loans but ultimately all federally insured credit unions due to the effect on the NCUSIF.
Solarity CU has created a relief program meant to provide assistance for those who lost their jobs due to the abrupt closure of Astria Regional Medical Center which created potential hardships for hundreds of local healthcare workers and their families.
The CFPB should explore several revisions and additions to its remittance rule, CUNA wrote in response to a proposed rule making several changes to the remittance rule, including raising the threshold to 500 remittance transfers per year.
CUNA Chief Economist Mike Schenk is one of several credit union representatives featured Wednesday in a Bankrate article about Christmas Club accounts, an example of how credit unions stay focused on overall financial health of members.
CUNA President/CEO Jim Nussle and Chief Advocacy Officer Ryan Donovan were named “Top Lobbyists” in 2019 by The Hill as "the people who wielded their clout and knowledge most effectively on behalf of their clients.”
A new report from the GAO addresses BSA and Money Transmitter Accounts. It also includes a recommendation to NCUA on improving examiners’ ability to evaluate Bank Secrecy Act/Anti-money Laundering (BSA/AML) controls.
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 U.S. Court of Appeals for the D.C. Circuit denied the American Bankers Association’s appeal for a rehearing en banc in its lawsuit against NCUA’s field of membership rule. CUNA filed a brief in support of NCUA in the initial hearing, and strongly supports NCUA’s field-of-membership rule.
The Secure and Fair Enforcement (SAFE) Banking Act is a critical first step to ensure legal cannabis marketplaces are safe, legal and transparent, CUNA and other financial services trade organizations wrote to Senate Banking Committee leadership Thursday.
With a focus on collaboration, credit union leagues gathered in Florida for the AACUL winter conference, where they heard from a notable lineup of speakers including CFPB Director Kathy Kraninger and NCUA board member Todd Harper.
CUNA supported two bills supporting Minority Depository Institutions Wednesday, both part of a group of bills being marked up this week by the House Financial Services Committee. Both bills passed with unanimous bipartisan votes Tuesday afternoon.