Dates set to fill Hubbard’s vacant seat in the House

With the Alabama Speaker of the House position vacated by the conviction of Mike Hubbard, Gov. Robert Bentley has set dates for a special election to fill the seat. Since Hubbard’s conviction on June 10, Victor Gaston has been serving as acting house speaker. The primary for the Lee County seat, if necessary, is scheduled […]

Rubio looks to return to the U.S. Senate

Three months after ending his presidential campaign, Marco Rubio announced yesterday he will run for re-election to the U.S. Senate. While campaigning for the presidency, Rubio repeatedly asserted he would not seek re-election to the Senate, but amid GOP concerns about maintaining control of the majority Republican legislative branch, Rubio reversed course and will throw […]

Fed continues cautious approach while awaiting economic developments

Federal Reserve Chair Janet Yellen spoke before the Senate Banking Committee yesterday, a twice yearly occurrence, saying the U.S. hiring slowdown warrants a cautious approach to raising interest rates, according to wire service Reuters. Key factors in whether those rates will change hinge on whether the U.S. economic recovery continues and might be influenced by […]

Florida Financial Regulation Office gives state credit unions extension allowed FCUs

The Florida Office of Financial Regulation announced Friday that just as the National Credit Union Administration Board authorized federal credit unions to have three additional days to file Call Reports for the second and third quarters of 2016, state-chartered credit unions will share that same deadline. The order in docket number 66816-FI states: “The office […]

New bill would protect seniors from financial abuse

A CUNA-supported bill that would protect good-faith reporters of suspected elder financial abuse was approved last week by the House Financial Services Committee with a vote of 59-0. The Senior$afe Act of 2015 (H.R. 4538) was introduced by Reps. Kyrsten Sinema (D-Ariz.) and Bruce Poliquin (R-Maine). The bill would provide legal immunity for financial services […]