CUNA opposes House bill to rescind $141M from CDFI Fund

CUNA wrote House leadership in opposition to a bill that would make rescissions from a part of the Treasury’s Community Development Financial Institutions (CDFI) Fund. The bill, which passed the House Thursday night by a 210-206 vote, would rescind $141 million from the CDFI Fund’s Capital Magnet Fund, which awards grants available to CDFIs. “CDFI credit […]

CUNA encourages FHFA review of regs for relief opportunities

The Federal Housing Finance Agency (FHFA) should review all of its existing regulations for potential improvements, CUNA wrote to the agency Monday. CUNA’s letter was sent in response to the FHFA’s regulatory review plan, which it voluntarily conducts every five years, and notes CUNA’s appreciation for the FHFA voluntarily engaging in the process. “We appreciate […]

Washington Wire – June 5, 2018

The House and Senate are back in Washington after last week’s in-district work period for the Memorial Day Weekend. This week the House of Representatives will consider H.R. 5895, the Energy and Water Development and Related Agencies Appropriations Act, the Military Construction and Veterans Affairs Appropriations Act, and the Legislative Branch Appropriations Act. The House […]

Washington Wire – May 30, 2018

The Financial Services and General Government (FSGG) Appropriations Act for Fiscal Year 2019, which passed subcommittee, funds critical government programs and also includes numerous regulatory relief provisions for credit unions and banks. While this legislation will face difficulty in the Senate, this bill continues to build upon CUNA’s Campaign for Common-Sense Regulation. In the funding […]

More RBC Delay Action

The LSCU Advocacy Team continues to follow the developments with Rep. Bill Posey’s (R-FL) NCUA Risk Based Capital delay language. On Tuesday, the language was added to a defense bill that has been moving through the process and passed the House Financial Services Committee unanimously. In an effort to ensure that this language continues to […]

Risk Based Capital delay moves forward

Last week the LSCU Advocacy team provided an update on its efforts to include HR 5288, Rep. Bill Posey’s RBC Delay bill, into a defense bill that was to be marked yesterday in the House Financial Services Committee. Despite objections from the banking industry, the language did, in fact, get added to H.R. 5841, the Foreign […]