Senate Committee Sides with Credit Unions on Military Base Rent
The Senate Armed Services Committee has ignored efforts by bankers to gain the same free rent benefits that credit unions now receive on military bases.
Chopra Moves Closer to CFPB Confirmation; Dems Introduce Whistleblower Bill
Rohit Chopra came one step closer to being confirmed as Consumer Financial Protection Bureau director Tuesday evening.
The Senate voted 49-48 on a party-line vote to discharge Chopra’s nomination from the Senate Banking Committee. The vote was necessary because the Banking Committee earlier this year deadlocked 12-12 on the nomination.
CUNA GAC to be In-Person Event in 2022
The Credit Union National Association will hold its annual Governmental Affairs Conference in-person Feb. 27-March 3, 2022 at the Walter E. Washington Convention Center in Washington, D.C.
National Flood Insurance Program is Expiring—Again
If it’s September, it’s time for the authorization for the National Flood Insurance Program to expire.
Financial Trades to Congress: Don’t Let SBA Make Direct Loans
Republicans and financial trade groups, including the National Association of Federally-Insured Credit Unions, are asking Congress to drop a Small Business Administration proposal to allow it to expand its direct lending programs.
NCUA to Test Post-Exam Surveys for Credit Unions
The National Credit Union Administration will test a post-exam survey to allow financial institutions to provide timely feedback to the agency, board Chairman Todd Harper said in a letter sent to credit unions last week.
Greg Mesack Named NAFCU Senior VP for Government Affairs
Greg Mesack, a lobbyist with the firm of GrayRobinson, has been named senior vice president of government affairs at the National Association of Federally-Insured Credit Unions.
GOP NCUA Board Members to Push Divisive Rules to a Vote
The two Republicans on the National Credit Union Administration board intend to join forces to bring final rules that Chairman Todd Harper opposes to a vote by the agency board, Washington Credit Union Daily has learned.
Republicans Rodney Hood and Kyle Hauptman intend to push three final rules onto the board agenda starting in October, according to a source familiar with the agency. The three rules were considered as proposed rules before Harper, a Democrat, was appointed as chairman to replace Hood. As a board member, he opposed the three rules. They have not been brought back to the board in final form.
Yellen Pushes for IRS Provision as Ways and Means Approves Bill
As the House Ways and Means Committee completed its markup of tax legislation, the Biden Administration renewed its push for Democrats to add a controversial plan to require credit unions and banks to report the inflows and outflows from customer accounts to the Internal Revenue Service.
Hauptman: NCUA Must Make It Easier to Form a Credit Union
The National Credit Union Administration must make it easier for groups to form new credit unions and should stop encouraging small, struggling credit unions to merge, NCUA board Vice Chairman Kyle Hauptman said Wednesday.