Washington Wire – July 3, 2018

This week, the House and Senate are out of session due to the holiday, but they will return on July 9. Last week, CUNA wrote to Senators McCain, Reed, Inhofe and Representative Thornberry, and Smith to oppose a provision in the House version of H.R. 5515, the National Defense Authorization Act (NDAA) that does not include […]

Alabama judge dismisses ADA case against credit union

Two lawsuits filed against credit unions in Alabama and Ohio whose websites allegedly violated the Americans with Disabilities Act were both dismissed this week by District Court judges in each state. These cases follow similar dismissals by District Courts in Virginia. Additionally, the LSCU & Affiliates had entered Amicus briefs in similar cases in Alabama against Naheola […]

LSCU, CUNA supported Risk Based Capital delay bill passes House

The House passed a bill Tuesday that contains an LSCU and CUNA supported provision to delay the implementation date of NCUA’s risk-based capital rule. Specifically, it would push the bill’s effective date back to Jan. 1, 2021, from the currently scheduled Jan. 1, 2019 date. The League has worked closely with Congressman Bill Posey to […]

Federal district court in New York rules that BCFP is unconstitutional

A federal district court in New York ruled yesterday that the BCFP is unconstitutional.  The U.S. District Court for the Southern District of New York stated that the Bureau is “unconstitutionally structured because it is an independent agency that exercises substantial executive power and is headed by a single Director.” The decision was handed down […]

NCUA finalizes FOM rule

NCUA finalized a field-of-membership (FOM) rule Thursday allowing credit unions the option to submit an application to serve a well-defined local community exceeding 2.5 million people under a narrative approach, among other changes. CUNA strongly supports NCUA’s FOM modernization efforts, through this final rule and the one finalized by NCUA in October 2016. “NCUA has once again acted […]

Join LSCU for Hike the Hill – Make an Impact

Join LSCU & Affiliates Sept. 12-13 for its annual fall Hike the Hill grassroots lobbying trip to Washington, D.C. With regulatory burden a continuing issue, tax reform on the horizon, and data security continuing to be a priority, the League needs grassroots advocates to join them on the Hill and bring the credit union message to lawmakers. […]