FDUPTA closer to victory in FL

Another day, another credit union victory! Yesterday, the Florida Senate passed HB 1347 by Rep. Shev Jones (D-West Park) by a 37-0 vote. The companion bill, SB 1620 by Sen. Bobby Powell (D-Riviera Beach), was substituted for the House bill, so that the Senate could pass the identical legislation. The bill, which has been a priority of the […]

White House reveals tax-reform plan

Treasury Secretary Steven Mnuchin and U.S. National Economic Director Gary Cohn revealed Trump’s planned tax reform at the White House yesterday, in what is being referred to as “the biggest individual and business tax cut in American history.” The proposed changes aim to grow the economy and create millions of jobs, simplify the tax code, […]

SCUCE Advocacy Luncheon features acclaimed speaker

Each year, one of the most anticipated events of the Southeast Credit Union Conference & Expo (SCUCE) is the Advocacy Luncheon. In the past several years we have heard from great guest speakers, including Sen. Bill Nelson, Congressman Bill Posey, The Hill’s AB Stoddard, the Cook Political Report’s David Wasserman, and Dr. Steffen Schmidt. This […]

Washington Wire

Federal government funding expires on Friday at midnight, which means Congress is under the gun to enact a new resolution to fund the government past this deadline, and hopefully to remain in place through the end of the fiscal year (Sept. 30). We are aware that negotiators made a great deal of progress, but the […]

AL Shared Branching Network pays CU rebate for sixth straight year

Shared branching had a very healthy year in Alabama in 2016. Credit union members are using the services while more credit unions are seeing the value in shared branching. The Credit Union Service Centers (CUSC) of Alabama will pay a patronage rebate and dividend for the sixth straight year. The patronage rebates and dividends are based […]

LSCU Advocacy fights for common sense regulation

It’s a matter of common sense that consumers should have convenient access to affordable loans and credit options. Well, it should be. Instead it seems the government is deliberately putting obstacles in the way of consumers. That’s why CUNA, with its Campaign for Common-Sense Regulation, emphasizes the importance of being sensible with its humorous take […]

Committee hearing scheduled for the Financial CHOICE Act

Financial Services Committee Chairman Jeb Hensarling (R-TX) announced yesterday that the Committee will hold a hearing to discuss the Financial CHOICE Act on Wednesday, April 26 at 10 a.m. “Republicans are eager to work with the President to end and replace the Dodd-Frank mistake with the Financial CHOICE Act because it holds Wall Street and […]

Bill to allow 18-month exam cycle heads to Gov. Ivey for signature

Last night, the Alabama House of Representatives passed SB 27 by Sen. Quintin Ross (D-Montgomery). This legislation would change the law to allow the Alabama Credit Union Administration the ability to exam healthy credit unions on an 18-month cycle as opposed to the current statutory requirement of 12-months. Prior to the legislature taking two weeks off for […]

CFPB proposes changes to HMDA

The CFPB released a proposed rule recently to make numerous technical/clarification/operational changes to the Home Mortgage Disclosure Act (HMDA) to assist with the transition to the new 2018 version of the HMDA regulation. The proposal includes the following items: Clarifying key terms such as “temporary financing” and “automated underwriting system;” Transition rules for reporting loans […]

Survey says financial wellness lacking

In a survey by Four Seasons Financial Education, it’s clear that employees are concerned about their financial well-being. When asked in the national online survey if they thought financial wellness should be part of an overall wellness program, 78 percent believed it should be with only 21 percent saying no. The survey indicates financial stress […]