The Senate just voted to pass the Financial Services and General Government (FSGG) Appropriations Act for Fiscal Year 2019. Credit Union National Association (CUNA) sent a letter to Majority Leader McConnell and Democratic Leader Schumer in support...
The Fed announced it will not raise interest rates at present, but indicates an increase is possible in future. Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and...
Major merchant data breaches continue to put millions of consumers at risk. Credit Union National Association (CUNA) is joining with a coalition of financial trade associations to push for legislation that requires stronger data security standards...
In promising news for credit unions on the compliance front, the Financial Accounting Standards Board is proposing to modify the effective date of its Current Expected Credit Losses standard for non-public companies. If approved, this change will...
Kathy Kraninger’s confirmation hearing to become the next head of the CFPB is on Thursday, according to sources close to the LSCU. In June, Trump announced plans to nominate Kraninger to replace acting director Mick Mulvaney. She is currently the...
A Fintech White Paper released Tuesday morning by the U.S. Dept of the Treasury includes an endorsement of a national data breach notification standard and other measures to help “smaller institutions” improve cyberprotections. This gives credit...
The three seemingly disparate procedures of Governance, Risk Management, and Compliance can be handled far more efficiently when your credit union stops viewing them separately. By creating an integrated GRC strategy, your credit union can: Create a...
This week in Washington, the House of Representatives is in recess and will return Sept. 4. The Senate is in session this week and will consider: The nomination of Britt Grant to be United States Circuit Judge for the Eleventh Circuit The four-bill...
According to InfoSight, although the Office of the Comptroller of the Currency (OCC) does not regulate credit unions, a recent resource published in the Spring of 2018 may provide helpful insight into the types of risk faced by all financial...
The work of LSCU’s politcal affairs manager Jordan Burroughs was highlighted in a feature article by Credit Union Journal on July 27, pointing out the thousands of dollars raised for Fed PAC due to the innovative CUs on Tap fundraisers in...