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The Advocate Blog

Senators Introduce More Reg Relief for CUs, Small Banks

(FROM CUNA's NEWS NOW)WASHINGTON (7/31/14)--U.S. Sens. Angus King (I-Maine), Deb Fischer (R-Neb.), Mark Warner (D-Va.), and Jon Tester (D-Mont.) unveiled new legislation Wednesday intended to provide immediate regulatory relief for America's credit unions and community banks.
 
Calling these smaller... More

House Panel Members Pledge to Work for CU Parity, Also Pass Reg Relief Bill

WASHINGTON (7/30/14)--The House Financial Services Committee examined a number of regulatory relief bills Tuesday, and of the three supported by the Credit Union National Association, one was passed and the other two will go to a recorded vote this morning. Several representatives from both parties... More

Bill to Fight Patent 'Trolls' Passes House Subcommittee

(From the Credit Union National Association)

The House subcommittee on commerce, manufacturing and trade voted 13-6 Thursday to advance a bill designed to combat abusive patent demand letters. The Targeting Rogue and Opaque Letters (TROL) Act of 2014 would crack down on unfair or deceptive practices... More

Advocacy Puts Board Members on Offense

Jean Peterson embraces an idea espoused by Harriet May, retired CEO of GECU in El Paso, Texas, and former CUNA Board chair: It’s time to stop living in fear of taxation and regulation and start promoting, rather than defending, credit unions.

This approach has served Peterson well in the wake of recent... More

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

Senate Banking Approves Johnson-Crapo Housing Finance Reform Bill

WASHINGTON (5/15/14 UPDATED 11:07 a.m. ET)-- The Senate Banking Committee voted this morning to approve its Housing Finance Reform and Taxpayer Protection Act of 2014 (S. 1217). The vote was 13-9. 
Sen. Mike Crapo (R-Idaho), the committee's ranking member, has called housing reform "the most... More

Reps. Forbes, Goodlatte, Rigell and Griffith Sign on to RBC Letter

Congressmen Randy Forbes (R-4), Bob Goodlatte (R-6), and Morgan Griffith (R-9) signed on to the letter that expresses concerns to the National Credit Union Administration about its risk-based capital letter.

They join Reps. Gerry Connolly (D-11), Robert Hurt (R-5), Bobby Scott (D-3), Jim Moran (D-8),... More

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