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The Advocate Blog

Nussle to Matz: Assure CUs that NCUA will Strive to Minimize CECL Burden

Source: CUNA's News Now, Feb. 8)

The Credit Union National Association (CUNA) seeks assurance from the National Credit Union Administration (NCUA) that the agency will work with credit unions as they work to comply with a pending current expected credit loss (CECL) proposal. CUNA wrote to NCUA Chair Debbie... More

Feb. 5 Update on Credit Union Legislation: Bills Not on Senate C&L Committee Agenda; Possible Bills Will Be Heard Tuesday by House Committe

Latest News On Our Credit Union Legislation

Originally we were told that the Senate Commerce and Labor Committee might consider our bills on Monday, Feb. 8. That is not happening now. The calendar for that committee meeting came out this morning without listing our bills. We now expect the Senate... More

House Committees Pass Bills Changing Scope of Fiduciary Rule


WASHINGTON (2/4/16)--Two House committees passed two bills that would change the scope of the Department of Labor’s (DOL) fiduciary rule, sending the bills for House consideration. The two bills are the Affordable Retirement Advice Protection Act (H.R. 4293) and the Strengthening... More

Roanoke Chapter Participates in Storm The Hill Event

Last Tuesday, the Roanoke chapter of the Virginia Credit Union league was represented by 14 credit union employees and members of credit union boards of directors in Richmond. We held productive discussions regarding the two pieces of credit union-related legislation involving charter flexibility and... More

CU Input Needed to Shape FOM Proposal, Nussle Says

December 10, 2015 - From CUNA's News Now

(12/10/15 UPDATED 10:30 a.m. ET)--CUNA President/CEO Jim Nussle broadcast a call to action to credit unions this morning urging them to support important field-of-membership (FOM) modernizations. While the National Credit Union Administration’s proposal contains... More

HFSC Votes for Bill with Stricter Merchant Data Security Standards

From CUNA's News Now
December 9, 2015

WASHINGTON (12/9/15 UPDATED 10:15 a.m. ET)--The House Financial Services Committee just passed the CUNA-supported Data Security Act of 2015 (H.R. 2205) in a 46-9  vote.

Data security legislation with more stringent security standards for merchants has long been... More

Markup Continues on CUNA-Backed Data Security, NCUA Budget Bills

CUNA's News Now
December 9, 2015

WASHINGTON (12/9/15)--The U.S. House Financial Services Committee continues its markup today, a markup that includes two bills with strong CUNA support. Recorded votes for both the Data Security Act of 2015 (H.R. 2205) and the National Credit Union Administration Budget... More

CUNA-Supported Reg Relief Provisions Await Obama's Signature

WASHINGTON (12/4/15)--The U.S. Senate and House voted Thursday in favor of the highway funding bill, which contains credit union regulatory relief provisions. The Senate passed the bill 83-16, and the House by a vote of 359-65. The votes clear the way for President Barack Obama’s signature, which is... More

Highway Bill Contains Major Victories for CUs

(From CUNA's News Now)

WASHINGTON (12/2/15, UPDATED 1:54 p.m. ET)--A congressional conference committee's new draft highway and transit bill contains credit union regulatory victories strongly supported by CUNA. The draft legislation creates a compromise bill expected to be voted this week by both the... More

Bank Threats on FOM Rules Will Galvanize CUs: CUNA


WASHINGTON (11/30/15)--CUNA Chief Advocacy Officer Ryan Donovan says a banker's threat to sue reinforces the need for credit unions to have a strong united voice in support of a proposal by the National Credit... More

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