The House passed a bill Tuesday that contains an LSCU and CUNA supported provision to delay the implementation date of NCUA’s risk-based capital rule. Specifically, it would push the bill’s effective date back to Jan. 1, 2021, from the currently...
CUs on Tap, the popular fundraiser presented by LSCU and Corporate One to benefit FedPac, has a schedule packed with fun and educational events beginning in August. Register today to take advantage of the opportunities to network, learn and enjoy...
In the 5-4 opinion written by Justice Clarence Thomas, the Supreme Court ruled in favor of an American Express policy that prevents retailers from offering customers incentives to pay with less-expensive cards. The court’s decision is a loss for...
Venmo, a peer-to-peer payment app owned by PayPal announced June 25 an offering of a Mastercard-branded debit card to enable consumers who use Venmo to spend their balances in more places. Merchants that accept Mastercard can process Venmo cards...
This week, the House of Representatives will consider several bills under suspension of the rules, including: H.R. 435, the Credit Access and Inclusion Act of 2017, H.R. 5783, the Cooperate with Law Enforcement Agencies and Watch Act of 2018, and H...
With the recent passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act, it isn’t being overly optimistic to think that Congress may pass the most meaningful relief from Bank Secrecy Act regulations. H.R.6068 – The...
The Financial Crimes Enforcement Network (FinCEN) issued an advisory (FIN-2018-A003) this week, highlighting the connection between “corrupt senior foreign political figures” and their enabling of human rights abuses. “Corrupt senior foreign...
It has come to the attention of the LSCU and LEVERAGE that email accounts for some of our employees have been hacked, and emails are being sent from their LSCU and LEVERAGE addresses. These fraudulent emails include pdf attachments asking the...
Members of Congress sent a letter to Attorney General Jeff Sessions on Wednesday urging him to provide greater clarity through the legislative process regarding the Americans with Disabilities Act requirements for website accessibility. The letter...
The LSCU has sent a member survey via email to our credit unions that will close on Friday, July 20. We realize your schedule is busy, but ask that you please take a few minutes to respond so that we know how best to serve you. If you have already...