(From CUNA's News Now, Oct. 8)-Three legislators wrote to National Credit Union Administration Chair Debbie Matz this week, asking the agency to conduct a study into the effects of its revised risk-based capital proposal. An agency spokesperson confirmed the NCUA received the request, and that it would... More
The House voted 303 to 121 on Wednesday to pass a bill that would delay enforcement of new mortgage disclosures that went into effect on Oct. 3.
The Homebuyers Assistance Act would shield lenders from private litigation as well as regulatory enforcement actions during a five month period.
The legislation... More
Many thanks to our fine sponsors that are making the Oct. 6 VACUPAC Golf Classic possible! This event is our signature fundraiser for the Virginia Credit Union Political Action Committee (VACUPAC), the only political action committee working exclusively for the benefit of Virginia-based credit unions.... More
(From CUNA's NewsNow)
WASHINGTON (9/11/15)--Sens. Rand Paul (R-Ken.), Sheldon Whitehouse (D-R.I.) and Jack Reed, both Democrats from Rhode Island, introduced a credit union member business lending (MBL) bill this afternoon to increase the statutory cap to 27.5% of a credit union's assets.
Credit union constituents of Rep. Randy Forbes (R-4) met with him Thursday in his district office to discuss issues of concern, ranging from regulatory relief to economic development.
Meeting with Forbes were: Patsy Stuard, CEO of Fort Lee Federal Credit Union; Patsy Smith, CEO of Peoples Advantage Federal... More
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State Sens. Frank Ruff (R-15) and Bill Stanley (R-20), Del. Charles Poindexter (R-9) , and staff for Sen. Tim Kaine (D-VA) and Congressman Morgan Griffith (R-9) and Robert Hurt (R-5) spoke at the Piedmont Chapter’s annual legislative... More