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. […]

Washington Wire – June 19, 2018

This week, the House of Representatives is scheduled to consider H.R. 5797; the Individuals in Medicaid Deserve Care that is Appropriate and Responsible in its Delivery Act; H.R. 6082, the Overdose Prevention and Patient Safety Act; and H.R. 6, the Substance Use-Disorder Prevention that Promotes Opioid Recovery and Treatment for Patients and Communities Act.  It has also been reported that the […]

Trump picks budget official to lead CFPB, setting up fight in Congress

Last Friday, President Donald Trump selected Kathy Kraninger, a little-known White House budget official, as the next director of the Consumer Financial Protection Bureau, setting up what is likely to be a bruising battle in Congress over the controversial young agency. Kraninger works under Mick Mulvaney at the Office of Management and Budget. Her surprise […]

CUNA backs bills to allow CUs to serve legal cannabis business

CUNA wrote in support of three bills last week that would clarify the ability of financial institutions to serve cannabis-based businesses in states where it is legal. While CUNA does not have a position on legalizing or decriminalizing marijuana, it supports the ability of credit unions to serve member businesses when legal. “CUNA supports credit […]

Quail Hunt for FedPAC planned in November

Mark your calendars for the LSCU’s seventh annual Quail Hunt for FedPAC, planned for Nov. 1 -2 at Southern Woods Plantation in Sylvester, GA.  Last year’s hunt was a tremendous success with more than 50 credit union attendees raising more than $12,000 for the LSCU FEDPAC.  Registration information will be forthcoming. If you have a question about this […]