NCUA Vice Chairman Rick Metsger believes federal credit unions could benefit from changes in regulations and in law to give them greater flexibility in defining their fields of membership.
“I’ve been concerned with field-of-membership issues for some time,” Metsger said, “and this is an... More
Join us Jan. 7, from 10:30 a.m. until 11:15 a.m., for a League-hosted webinar covering the 2015 General Assembly and our chapter CU Day events at the Capitol. We'll provide an overview of the legislation being introduced on our behalf, as well as other legislation we'll be monitoring. Logistics for our... More
The U.S. Senate unanimously passed two provisions authored by Senators Mark Warner and Angus King (I-ME) to help relieve America’s small financial institutions, like community banks and credits unions, of regulatory burdens so that they are better able to serve their communities.
Currently, interest... More
Eighty people at the Richmond Chapter’s legislative breakfast this morning heard keynote speaker Sen. John Watkins detail the state’s challenges in the near and long-term.
Watkins, who recently announced he is not running for re-election in 2015, chairs the Senate’s Commerce and Labor Committee,... More
The U.S. Senate just passed the Credit Union Share Insurance Fund Parity Act, which would direct the National Credit Union Administration to extend share insurance coverage to trust accounts, such as Interest on Lawyer Trust Accounts (IOLTAS) and other similar accounts, opened and managed by credit... More
FYI on Washington Doings: This week your League has been in touch with the banking aides for Sen. Mark Warner, who serves on the Senate’s Banking Committee. On one issue, the Warner staff asked if the League supported a bill that would allow privately insured credit unions access to the Federal Home... More
Senate lawmakers pressed government officials about whether they’re doing enough to protect the financial system from cyberattacks on Wednesday, warning that more must be done next year to help financial institutions defend themselves.
The issue has gained considerable traction over the past year since... More