Despite being the final days of Alabama’s special session, it looks as though Alabama Legislature will be back sometime after Labor Day. The Alabama Senate plans on debating a General Fund Budget that is identical to the one the legislature passed...
Sen. Elizabeth Warren(D-MA) added an amendment to S. 754, the Cybersecurity Information Sharing Act, that would grant the NCUA additional authority to supervise third-party vendors. The League and CUNA oppose the amendment. CUNA sent a letter to...
CU Today reports that NCUA Chairman Debbie Matz has issued a statement following her testimony before Congress that seeks to clarify her response to one congressman’s question. Matz’s statemen includes: “During my testimony in Congress yesterday...
The House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit held a hearing with NCUA Chairman Debbie Matz; her first on Capitol Hill since 2011. Much of the hearing centered on the NCUA budget process and lack...
Florida’s 2016 proposed legislative agenda – we need your feedback! The FCUA 2016 proposed legislative agenda is now available, and the GA team needs your feedback. The issues listed represent the credit union industry’s legislative priorities for...
On Tuesday President Obama announced that the Defense Department will expand existing credit protections for troops and families to strengthen protections against predatory lenders. Speaking to the 116th national convention of the Veterans of...
The New York Times reports that after more than a half-century defined by mistrust and rancor, the United States officially reopened its six-story embassy in the Cuban capital on Monday, the culmination of many months of negotiations to overcome...
On Wednesday the Florida Office of Financial Regulation (OFR) issued an administrative complaint charging Intermex Wire Transfer, LLC, with illegally helping several check cashers avoid complying with Florida law. As part of the administrative...
Credit unions received a victory this week when the U.S. House passed, on a voice vote, H.R. 1408, a bill that requires the NCUA, along with its counterparts, to jointly study the appropriate capital requirements for mortgage servicing assets for...
The League has reported for a couple of years now that Walmart could be a serious competitor to credit unions with its goal of providing low cost, easy-to-use financial services to the under-served and unbanked. It is now time to start thinking of...