Blog
- Midterm Elections Unlikely to Slow Momentum for Bipartisan Privacy Bill
June 9, 2022Lawmakers penning omnibus privacy legislation will need to work through some snags, but momentum on the bill — even after the November midterm elections — is unlikely to slow, experts say. A draft of the American Privacy and Data Protection Act was unveiled June 3 and is the first iteration of a comprehensive U.S. privacy bill that tech stakeholders have desired for years. It also marks the first bipartisan and bicameral law of its kind.
- League, Credit Unions Host Virtual Meeting with Sen. Tim Kaine
June 9, 2022Twenty credit union champions and League President Carrie Hunt and staff participated in a 45-minute virtual meeting on June 8 with Sen. Tim Kaine, discussing a range of topics and legislation, including cannabis banking, interchange fees, data security and overdraft programs.
- The Lummis-Gillibrand Crypto Bill Provision That Has FIs on Edge
June 8, 2022A bipartisan bill aiming to establish a broad framework for regulating digital assets could make it easier for financial technology companies to access Federal Reserve bank accounts.
- Congress Should Reject Any Expansion of CU-DoD Land Lease Arrangement
June 8, 2022The House Armed Services Committee should reject any bank attempts to share the land lease arrangement between the Department of Defense and credit unions, CUNA wrote as House Armed Services subcommittees begin markups of the FY23 NDAA.
- Senate Confirms Harper to Full Term on the NCUA Board
June 8, 2022The U.S. Senate by a vote of 59-to-40 on Wednesday confirmed Todd M. Harper to be a Member of the National Credit Union Administration Board for a term expiring on April 10, 2027.
- Federal Judges Dismiss Lawsuit Seeking New Virginia House Elections This Fall
June 7, 2022A panel of federal judges has struck down a lawsuit seeking to force Virginia to hold House of Delegates elections this year under new political boundaries, ruling that the person who brought the suit lacked legal standing. The 31-page technical finding by a three-judge panel of the U.S. District Court for the Eastern District of Virginia effectively ends the chances of holding a do-over of last year’s General Assembly races.
- Cannabis Banking: Keys to Success
June 7, 2022When U.S. Eagle Federal Credit Union in Albuquerque, N.M., began researching cannabis banking services, the board and leadership team worried members might not like the typically conservative financial institution getting involved in this line of business. They worried needlessly.
- FTC Proposes Changes to Telemarketing Sales Rule
June 7, 2022The Federal Trade Commission has published a notice of proposed rulemaking [87 FR 33677] seeking public comment on proposed amendments to the Telemarketing Sales Rule (“TSR”). The proposed amendments would require telemarketers and sellers to maintain additional records of their telemarketing transactions.
- Efforts to Halt Credit Union-Bank Deals Squashed in Tennessee
June 3, 2022The bank lobby lost a battle in Tennessee, but it has not lost the war, as decisions regarding credit union purchases of banks in two other states remain outstanding.
- House Democrats Elect Don Scott as Minority Leader
June 1, 2022Democrats in the House of Delegates elected Del. Don Scott Jr., D-Portsmouth, as the new minority leader. The party’s caucus voted behind closed doors Wednesday as the legislature reconvened in Richmond to take action on the proposed state budget. Scott defeated Del. Charniele Herring, D-Alexandria, and Del. Rip Sullivan, D-Fairfax, who also sought the leadership spot.