Earlier this week, the Florida Bankers Association went on the offensive by placing opinion columns in three publications including the South Florida Sun Sentinel. The column included the same old argument of how credit unions should be taxed and...
By Jan Sheffield, Chief of Staff, First Commerce Credit Union Credit unions are well known for their customer service. But each time our credit union hears a story about how a member was touched by the staff, it still makes us proud. Recently, one...
Senate Banking Committee Democrats released their own version of a regulation relief bill on Tuesday; keeping the proposed changes tightly focused on small banks and consumer protection. The Democrats’ bill is a rebuke to committee chairman...
Credit unions that process ACH payments will need to add two more same-day windows to their operations by September of 2016. This week the voting membership of the Electronic Payments Association approved same day ACH to the NACHA Operating rules...
The League is hearing that Senate Banking Committee Democrats are expected to introduce an alternative reg relief bill to Sen. Shelby’s. This comes as credit unions and bankers are strongly urging the U.S. Senate Banking Committee to find...
House Speaker Steve Crisafulli and Senate Pres. Andy Gardiner formally agreed to the topics and dates of a special session. Legislative leaders announced that they have come up with a long list of items they want to tackle during a 20-day special...
On Friday, Senate Banking Committee Chairman Richard Shelby (R-AL) announced that the markup for a regulatory relief bill has been moved to May 21. It was originally scheduled to be marked up this Thursday. However, 10 Democrats on the committee say...
Credit unions that qualify for consulting assistance from the NCUA’s Office of Small Credit Union Initiatives have until May 31 to submit nominations. Credit unions may nominate themselves or be nominated by an NCUA examiner. The consulting...
Achieva Credit Union said Tuesday it has signed an agreement to acquire Calusa Bank, a Florida state-chartered bank in Sarasota and Charlotte counties with $165 million in assets. This would be the first acquisition of a bank by a credit union in...
A bill that would establish a national data security standard was introduced Friday. The Data Protection Act of 2015 was introduced by Reps. Randy Neugebauer (R-TX) and John Carney (D-DE), and would establish a process for companies of all sizes to...