Image Campaign to debut Sept. 8

The LSCU & Affiliates Cooperative Image Campaign will debut across Alabama and Florida on Sept. 8. Credit unions that would like to contribute to the campaign still have time. The League is in the midst of putting the media buys together and the more money that is contributed will ensure a longer media buy and […]

Matz offers apology, fuller clarification of statement made during testimony

CU Today reports that NCUA Chairman Debbie Matz has issued a statement following her testimony before Congress that seeks to clarify her response to one congressman’s question. Matz’s statemen includes: “During my testimony in Congress yesterday (Thursday), I emphasized the importance of NCUA being an independent financial regulator which protects the deposits of credit union […]

Posey questions Matz during House Subcommittee hearing

The House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit held a hearing with NCUA Chairman Debbie Matz; her first on Capitol Hill since 2011. Much of the hearing centered on the NCUA budget process and lack of transparency. Rep. Bill Posey (R-FL), a member of the subcommittee, was the only member to […]

FSGG Act, with reg. relief bill, passes subcommittee

The U.S Senate appropriations subcommittee passed the Financial Services and General Government Appropriations Act for 2016 on Wednesday, which contains Sen. Richard Shelby’s (R-AL) regulatory relief bill. Shelby’s bill, the Financial Regulatory Improvement Act of 2015, passed the Senate Banking Committee in May. The bill passed the committee with a 12-10 vote along party lines, […]

Florida Credit Union Association legislative update

Florida’s 2016 proposed legislative agenda – we need your feedback! The FCUA 2016 proposed legislative agenda is now available, and the GA team needs your feedback. The issues listed represent the credit union industry’s legislative priorities for Florida’s lawmakers and will guide the efforts of the League’s governmental affairs team. The 2016  Regular Session is […]

President announces new credit protections for troops

On Tuesday President Obama announced that the Defense Department will expand existing credit protections for troops and families to strengthen protections against predatory lenders. Speaking to the 116th national convention of the Veterans of Foreign Wars, Obama told attendees that the new rules are part of the ongoing fight “to give our troops … every […]

Breach hits major retail photo sites

CVS, Rite Aid, Sam’s Club, Costco, Walmart Canada, and several other retail chains have suspended their online photo services following a possible breach of customer credit card information that resulted from a cyberattack against a third-party service provider. At the center of the possible breach is the Canada-based PNI Digital Media, which may have leaked […]

U.S. Embassy in Cuba reopens after more than 50 years

The New York Times reports that after more than a half-century defined by mistrust and rancor, the United States officially reopened its six-story embassy in the Cuban capital on Monday, the culmination of many months of negotiations to overcome decades of historical enmity and to restore diplomatic relations between the two nations. More than two […]

Bill would exempt community banks from certain rules

The Community Bank Sensible Regulation Act of 2015 has been introduced in the Senate by Sen. Susan Collins (R-ME) and would exempt community banks from certain rules and regulations of the FDIC, OCC, and the Fed. The bill as currently written does not cite credit unions. In a floor statement for S. 1799, Collins said […]