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The Advocate Blog

After Record 2,052 Comments, NCUA's Next Steps on RBC Plan

The National Credit Union Administration's risk-based capital proposal received a record 2,052 comment letters by the May 28 deadline, surpassing the previous record of 1,300 received in 1995 on proposal that set all rules for federally insured corporate credit unions. The agency said all RBC letters... More

Cantor a 'CU Friend' During 13 Years on Hill

Credit unions will lose a friend on Capitol Hill with Rep. Eric Cantor's Republican primary loss Tuesday. "Rep. Cantor has been a friend to the Commonwealth's credit unions stretching back to his service in the Virginia General Assembly," said David Miles, senior vice president of the Virginia... More

House to Study CUNA-Backed CFPB Reform Legislation

(From the Credit Union National Association)
WASHINGTON (6/10/14)--The House Financial Services Committee will mark up six bills relating to the structure and reach of the Consumer Financial Protection Bureau June 10 starting at 10 a.m. (ET). These bills have been supported by the Credit Union National... More

Mortgage Choice Act Passes, Appropriations on Radar

(From the Credit Union National Association)

WASHINGTON (6/10/14)--The U.S. House passed the Mortgage Choice Act (H.R. 3211) by a voice vote Monday evening under suspension of the rules. Both houses of the U.S. Congress are in session this week, and they will remain in session through the end of the month.  ... More