WASHINGTON—NAFCU and CUNA are paying close attention to the markup of a number of financial industry regulatory relief bills by the House Financial Services Committee Tuesday, and at least four impact credit unions.
Fresh Today
WASHINGTON—A bill that would provide relief from many of the provisions of the Dodd-Frank Act has now been attached to legislation that would provide funding for departments that include Treasury and Justice.
ARLINGTON, Va. – The release by NCUA of a 2011 report by PriceWaterhouseCoopers LLC (PWC) that recommends the agency that “possibly” solicit feedback from stakeholders about how it classifies its “insurance related” and operational activities for the purposes of determining the overhead transfer rate (OTR), gives weight to the need for formal “notice and comment,” according to the National Association of State Credit Union Supervisors (NASCUS).
ARLINGTON, Va.–The Federal Housing Finance Agency is being urged by NAFCU to not decrease the conforming loan limit below the current baseline rate of $417,000 as it considers other changes to how it calculates the Housing Price Index.
PHILADELPHIA–Credit union leaders from a five-county area surrounding this city met here as part of a site visit and other events to mark the Health & Wellness Garden that will be built by credit unions in honor of the 2016 Democratic National Convention to be held here.
SEATTLE–Credit unions are making plans to be seen and heard when the 2015 Legislative Summit of the National Conference of State Legislatures (NCSL) is held here in early August.
NEW YORK–CurrentC, the payments app that has been created by the Merchant Customer Exchange, will be unveiled and available to consumers in August, at least in trial form.
WASHINGTON—While pleased with NCUA’s adoption of a final fixed-assets rule, CUNA is now calling on the agency to deliver guidance on the new regulation.
ATLANTA–With NCUA having largely eliminated its fixed-asset rule for credit unions, Level5 has introduced a new “Fixed Assets Management Plan,” or FxAMP, that provides real world analysis and guidance.
CINCINNATI—Could Tesla’s manufacturer-direct model, where consumers buy and lease cars directly from the carmaker, someday have an impact on FI lending portfolios, giving automakers’ a much bigger portion of the financing pie?