Congress asks NCUA to consider extended exam cycle

The League, CUNA, and state leagues are working to have their federal delegation sign a letter asking the NCUA to move to an 18-month exam cycle. Last year, the House unanimously passed H.R. 1553, the Small Bank Exam Cycle Reform Act, 411-0. This legislation amended the Federal Deposit Insurance Act (FDIA) to allow more small […]

White House budget includes tax on big banks

The final budget proposal from the White House looks to add $4 trillion in new spending and pay for it by taxing the wealthy, oil companies, and big banks. The proposed budget includes a new fee “on the largest financial firms on the basis of their liabilities.” This was one of a number of taxes […]

League files comment on IOTAs in Florida

This past week, the League filed comment on an amendment to the Rules Regulating the Florida Bar that would allow credit unions as permissible custodians of attorney trust accounts. IOTAs, as they are known in Florida, are currently only allowed to be opened at banks because the NCUA would not insure these accounts previously. With […]

Alabama legislative session ends first week

It was not that long ago that the Alabama Legislature was in Montgomery for the last of two special sessions in order to craft a workable budget and keep the state open for business. They begin this week for an expected four-month regular session. Very little business occurs during the first week of the session, […]

Capitol visits dominated day one of the Florida State GAC

At the heart of the Florida Credit Union Association State Governmental Affairs Conference is visiting with lawmakers and building relationships. Credit unions spent four hours at the Capitol on Tuesday making nearly 30 visits. In the evening, attendees spent another two hours mingling with lawmakers, mainly Senators as the House was still in session. These […]

Florida State GAC begins today

The Florida State Governmental Affairs Conference began this morning in Tallahassee. The first day kicks off with two opportunities to meet with lawmakers, PAC fundraising awards, and a legislative priorities discussion. The 2015 State Lawmaker of the Year award is also being presented to Senate President Designate Joe Negron during the Lawmaker Reception. Attendees will […]