Legislators around the country continue to send furloughed federal workers to local credit unions for financial assistance as the government shutdown continues, and are also thanking local credit unions and leagues on social media.
The NCUA board approved the agency’s 2019 Annual Performance Plan at its Thursday meeting, and finalized a rule on required inflation adjustments to civil money penalties. The board also received a briefing on its new website.
Senate Republicans and Democrats announced and ratified committee assignments for the 116th Congress.The full list of committee assignments for the Senate Appropriations, Banking, Commerce, Finance and Judiciary Committee can be found on CUNA’s Removing Barriers Blog.
The National Credit Union Share Insurance Fund reported total income of $57.3 million and a net income of $24 million in the first quarter at Thursday’s National Credit Union Administration board meeting.
The National Credit Union Administration board became the first federal financial regulator to issue a revised proposed rule on incentive-based compensation at its Thursday meeting. The board voted unanimously to issue the joint rule, with comments due July 22.
The Federal Trade Commission will host a forum June 9 to explore the world of marketplace lending and its impact on consumers. CUNA filed a comment letter last year with the Treasury regarding such lenders.