Blog
- NCUA Approves CUNA/League Requested Extension of PCA Relief
February 18, 2022The NCUA board approved an interim final rule extending COVID-19 Prompt Corrective Action relief through the end of March 2023. CUNA, the American Association of Credit Union Leagues, and all Leagues wrote to NCUA calling on it to extend the rule before its scheduled March 31 expiration.
- Legislation Would Help CUs Close Economic Disparities
February 18, 2022One of the most important things that Congress could do to close economic disparities, promote financial inclusion, and help small businesses would be to ensure that federal law permits all federal credit unions to serve underserved areas, CUNA wrote to the Senate Banking, Housing, and Urban Affairs Committee Thursday.
- CFPB to Accept Public Petitions for Rulemaking
February 18, 2022The CFPB is now accepting petitions for agency action submitted directly by members of the American public, according to a press release and a new portal that was opened last week. In support of this change, the Bureau cited to the U.S. Constitution's guarantee of the public's right to petition the government. This initiative represents the latest step by the CFPB in pursuit of its agenda to increase consumer input into its decisions and the transparency of its decision-making.
- CUNA GAC: Changes to D.C. Vaccination, Mask Requirements
February 15, 2022GAC Attendees: Washington D.C. city officials announced yesterday they are ending their vaccine verification requirement effective today. They have also indicated the indoor mask requirement will expire on Feb. 28.
- CUs Notch Another Win in Years-Long State-Level FOM Battle
February 15, 2022Marking another significant win in a state-level field-of-membership battle with bankers now stretching into its third year, a State Corporation Commission hearing examiner sided strongly with Virginia Credit Union and the League.
- BREAKING NEWS: Parity Measure Passes State Senate; On Fast Track to Passage in House
February 11, 2022Our parity powers legislation has passed the state Senate on a unanimous vote and is nearing passage in the House. Companion bills SB329 and HB209 will make the process easier for state-chartered credit unions to exercise the same powers as their federally chartered peers.
- CU Parity Bill Passes House Subcommittee; Could Be Heard by Full Committee Next Week
February 4, 2022Our parity powers legislation took an important step in the House of Delegates last night with a Commerce and Energy subcommittee's unanimous vote to report the bill to the full committee for its consideration.
- NCUA Issues Succession Planning Proposal
January 28, 2022NCUA issued a proposed rule on succession planning and heard briefings on supervisory priorities and the Central Liquidity Facility (CLF) Thursday. The board also finalized a rule on statutory inflation of civil money penalties. Comments on the succession planning proposal are due by April 4. View the Federal Register entry.
- Credit Union Representatives Visit State Lawmakers In Support of Legislation
January 27, 2022Credit union representatives from across the state visited the state Capitol Thursday in support of two measures being considered by the General Assembly. Credit unions met with key leaders, patrons and other lawmakers on two parity measures.
- House Passes Secondary Capital Bill; Updates on Other CU Legislation
January 26, 2022Credit Union advocates: Here's a quick update on our legislation.