Back in December 2014, Pres. Obama signed H.R. 3468, the Credit Union Share Insurance Fund Parity Act, into law and it directed the NCUA to extend share insurance coverage to trust accounts, such as Interest on Lawyer Trust Accounts (IOTLAs), opened...
The League, CUNA, and state leagues are working to have their federal delegation sign a letter asking the NCUA to move to an 18-month exam cycle. Last year, the House unanimously passed H.R. 1553, the Small Bank Exam Cycle Reform Act, 411-0. This...
The League is hearing from NCUA sources that the NCUA board will vote to finalize changes to the member business lending (MBL) regulation at its February 18 meeting. The revisions to the current MBL rule were proposed and issued for comment at the...
The final budget proposal from the White House looks to add $4 trillion in new spending and pay for it by taxing the wealthy, oil companies, and big banks. The proposed budget includes a new fee “on the largest financial firms on the basis of...
Apple added 30 financial institutions to its Apple Pay platform recently bringing the total of new financial institutions for 2016 to 81. Apple is signing on new retailers every month. Chick-fil-A restaurants, Au Bon Pain restaurants, and Crate...
This past week, the League filed comment on an amendment to the Rules Regulating the Florida Bar that would allow credit unions as permissible custodians of attorney trust accounts. IOTAs, as they are known in Florida, are currently only allowed to...
It was not that long ago that the Alabama Legislature was in Montgomery for the last of two special sessions in order to craft a workable budget and keep the state open for business. They begin this week for an expected four-month regular session...
By the time attendees headed home from the Florida Credit Union Association State Governmental Affairs Conference, they had met with their lawmakers, heard a keynote address from the Speaker of the House, met with their state and federal regulators...
At the heart of the Florida Credit Union Association State Governmental Affairs Conference is visiting with lawmakers and building relationships. Credit unions spent four hours at the Capitol on Tuesday making nearly 30 visits. In the evening...
The Florida State Governmental Affairs Conference began this morning in Tallahassee. The first day kicks off with two opportunities to meet with lawmakers, PAC fundraising awards, and a legislative priorities discussion. The 2015 State Lawmaker of...