NCUA’s Hood Says He Gets Pulled Over Twice a Year Simply Because He’s Black

Rodney Hood may be the head of a federal agency, but as a Black man, that doesn’t make him immune from being pulled over by the police twice a year for no good reason. “You all, I get stopped twice a year for driving, for doing nothing wrong,” the chairman of the National Credit Union Administration board said Thursday, during a web conference, “Discovery 2020,” sponsored by the CUNA Mutual Group. Hood continued, “I’m not a speed demon or anything of that sort. I get stopped because the rationale is that if you stop someone who looks like me, there’s

Trade Groups Send Congress Latest Legislative Wish Lists for Pandemic Stimulus Bill

From expanded member business lending to remote notary services, credit union trade groups on Tuesday sent congressional leaders their latest wish list for the next coronavirus pandemic economic stimulus legislation.

Since House and Senate leaders have indicated that the next bill to be enacted may be the last stimulus legislation for a while, the stakes are particularly high.

ABA Says Banks Should ‘Require’ Masks; CUNA Says Credit Unions Should ‘Encourage’ Them

It may be a question of semantics, but it appears that several business groups are going further than the Credit Union National Association in pushing members or customers to wear masks when doing business.

Last week, CUNA President Jim Nussle issued a statement pushing credit unions to “encourage” members to wear masks to protect themselves and credit union employees from COVID-19.

Financial Trade Groups Want Anti-Money Laundering Plan Added to Massive Defense Bill

A broad coalition of financial services trade groups, including the Credit Union National Association and the National Association of Federally-Insured Credit Unions, is urging the Senate to include bipartisan Anti-Money Laundering and Bank Secrecy Act legislation in the massive defense authorization bill the Senate will continue debating next week.

Senate Banking Chairman Mike Crapo (R-Id.) and the panel’s ranking Democrat, Sherrod Brown of Ohio, along with several other committee members, have offered an amendment to the defense authorization bill that would update AML/BSA rules.