Washington Wire – Oct. 2, 2018

This week in Washington, the House is in recess until Nov. 13. On the floor, the Senate will resume consideration of H.R.302, the five-year reauthorization of the Federal Aviation Administration.  The Senate is also expected to vote on H.R. 6, legislation to address opioid abuse. Today, the Senate Banking, Housing and Urban Affairs Committee will hold a […]

Current laws, regs ensure CU member data is protected

Current laws and examination practices ensure that credit unions members private information is properly protected, CUNA wrote Tuesday to the Senate Commerce Committee. CUNA’s letter was sent to committee leadership for the record its hearing on safeguards protecting consumer data privacy. “Privacy and the use consumers’ personal information is likely to a major issue for technology, fintech […]

Room blocks open for 2019 AL, FL Advocacy Conferences

The LSCU’s Florida Advocacy Conference and Alabama Advocacy Conference are planned for early spring 2019. Mark your calendar for the Alabama conference, March 19-20 in Montgomery, AL, and for the Florida conference, March 26-27 in Tallahassee, FL. Hotel information is now available. These conferences present an opportunity for credit union leaders to gather and learn […]

CUNA to Congress: Modernize Bank Secrecy Act Reporting

Complying with the Bank Secrecy Act (BSA) places unnecessary regulatory burdens on credit unions. Nearly half of all credit unions have fewer than five full-time employees, with at least two employees devoted to compliance functions, specifically as it relates to BSA compliance. Today, Credit Union National Association (CUNA) wrote to Representative Barry Loudermilk in support of the Financial Reporting Threshold Modernization Act. “This bill would […]

Washington Wire – Sept. 25, 2018

On the floor, the Senate will consider the nominations of Jackie Wolcott to be U.S. Representative to the International Atomic Energy Agency and Wolcott’s nomination to be U.S. Representative to the Vienna Office of the United Nations.  The nomination of Peter A. Feldman to be a Commissioner of the Consumer Product Safety Commission (CPSC) will […]