Make your voice heard in repealing Durbin

The CHOICE Act, which recently passed out of the House Financial Services Committee, included a provision that repeals the Durbin debit interchange amendment. CUNA supports this repeal because of the harm the Durbin amendment has caused credit unions and their members. The Durbin amendment was a last minute addition to the Dodd-Frank Act in 2010. […]

Prize-linked savings passes AL Legislature

Last week, the Alabama House of Representatives gave final approval to HB 355 by Rep. Merika Coleman allowing financial institutions in Alabama to offer Prize Linked Savings Accounts. HB 355 was passed by the Senate early in the week, but was amended in order to ensure the cash value of prizes was not too large […]

LSCU sources report possible reg relief changes

Sources close to the LSCU reported positive news from Washington, D.C., yesterday. Treasury Secretary Mnuchin told the Senate Banking Committee today that he is likely to recommend that financial institutions under $10 billion in assets be exempted from certain supervisory requirements under the 2010 Dodd-Frank law. Following the hearing, committee staff said it was their […]

AL candidates for Senate announced

Candidates for the Alabama U.S. Senate seat currently occupied by Republican Luther Strange had until May 17 to qualify for the Aug. 15 party primaries. Strange, appointed by former Gov. Robert Bentley, is seeking election with 18 other candidates, including 10 additional Republicans and eight Democrats. Additional Republican candidates are: James Paul Beretta, Joseph F. […]

Hear from Jim Nussle at SCUCE

Make plans now to attend the 2017 Southeastern Credit Union Conference & Expo to hear from the CEO of the Credit Union National Association (CUNA), Jim Nussle. Nussle has had various opinion pieces published in The Wall Street Journal, The New York Times, CNN Money, Roll Call and The Hill, advocating for credit union relief […]