Nussle’s ACUC Speech to be Livestreamed TODAY at 10:30 am

June 18, 2019

Major Announcement Expected

Warren Bill Would Wipe Out Nearly All Student Debt in US

June 17, 2019

Sen. Elizabeth Warren (D-Mass.) last week announced a bill that would forgive billions of dollars in outstanding student loans and wipe out almost all student debt held in the U.S.

House Armed Services Committee Passes NDAA; Removes Language Giving Banks Access to Bases

June 14, 2019

The House Armed Services Committee has passed the National Defense Authorization Act for fiscal year 2020 without including language that would have granted banks the same rent-free access to land and facilities that credit unions have long held. 

HFSC Passes BSA, Flood, Financial Literacy Bills

June 14, 2019

The House Financial Services Committee passed eight bills at the conclusion of a two-day markup Wednesday. Four the bills cover the Bank Secrecy Act, the National Flood Insurance Program and financial literacy programs.

RBC Proposal on NCUA’s June 20 Agenda

June 14, 2019

The NCUA board will release a proposal on risk-based capital at its June 20 meeting, according to the agenda released Thursday. The proposal is the only item on the agenda.

Take a Forward Path:  Innovate – Integrate – Motivate for Your CUs Future Success at CCUA’s Annual Meeting and Convention

June 14, 2019

Join your credit union peers at the Cooperative Credit Union Association, Inc.’s, 2019 Annual Meeting and Convention where we will highlight this year’s theme of Innovate – Integrate – Motivate! This annual event will return to Mohegan Sun in Uncasville, Conn., one of New England’s finest convention and meeting facilities, October 16-18.

Fed Publishes Summary of Roundtable Discussions on CRA

June 14, 2019

The Federal Reserve Board on Thursday published, "Perspectives from Main Street: Stakeholder Feedback on Modernizing the Community Reinvestment Act," a summary of feedback received from bankers and community groups during a series of 29 roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act (CRA).

Loudermilk, Gottheimer Introduce Bipartisan Bill to Cut Red Tape to Boost Jobs, Investment, and Economic Growth

June 13, 2019

 Protects our families and communities

Spring Issue of Cooperative Advocate Hits the Stands

June 13, 2019

Focus on Elder Financial Abuse

Advocacy in Action: Maintaining Open Dialogue, Monitoring Public Policies

June 13, 2019

The Association continues to prioritize its responsibilities for monitoring public policy initiatives, as well as serving as a liaison for all levels of government, local state and federal, on behalf of members.

McLean Urges House Armed Services Committee Members to Reject Expanded Bank Access to Military Bases

June 12, 2019

Association President/CEO Ron McLean advocated before the members of our congressional delegations serving on the U.S. House Armed Services Committee for help in rejecting the inclusion of any language in the FY 2020 NDAA that would go beyond the Department of Defense’s current authority regarding exemptions from the costs related to leases, utilities, and services on military bases for financial institutions.

Mass. Leaders Delay Paid Family & Medical Leave Program by 3 Months

June 12, 2019

Massachusetts Governor Charlie Baker, Senate President Karen Spilka, and House Speaker Robert DeLeo issued a joint statement yesterday announcing their agreement to extend the July 1 starting date for contributions to the new paid family and medical leave program by Massachusetts businesses by three months.

DE Deputy Attorney General Updates Small CUs on Elder Financial Exploitation

June 12, 2019

Delaware’s small credit unions (<$100 M) met on Monday evening at the Association office in Newark for a presentation on elder financial abuse from Deputy Attorney General Regina S. Schoenberg, Consumer Protection Unit, Department of Justice.

New AML Reform Bill Reaches Across the Aisle

June 12, 2019

A bipartisan group of senators have unveiled draft legislation to reform anti-money-laundering requirements, in another attempt to modernize a regime that financial services industries deem outdated.

CFPB to Hold First Symposium on June 25: Focus on UDAAP

June 12, 2019

The Consumer Financial Protection Bureau announced that its first symposium will be held on June 25 at 9 a.m. The symposium, part of a series announced earlier this year, will focus on the Dodd-Frank Act’s prohibition on abusive acts or practices.

FASB Moves Forward on Update to CECL Standard

June 11, 2019

The Financial Accounting Standards Board (FASB) has moved forward a proposed accounting standards update to its current expected credit loss (CECL) standard.

United Way Partners with Magaziner, Legislators on Financial Literacy Campaign

June 11, 2019

United Way of Rhode Island President/CEO Cortney Nicolato has joined state General Treasurer Seth Magaziner and members of the R.I. General Assembly in the creation of a fund named Financially Fit Rhode Island to help pay for statewide financial literacy instruction for students from kindergarten through high school.

LAST CHANCE: Association Survey on NCUA ANPR on Loan Compensation Due TODAY

June 11, 2019

The National Credit Union Administration has issued an Advance Notice of Proposed Rulemaking on Compensation in Connection with Loans to Members and Lines of Credit to Members. The Association requests member input by means of a detailed survey. Your responses to this survey will help form the basis of the Association’s comment letter and ensure that the letter is reflective of member concerns and suggestions.

Trump Extends Flood Insurance Program to September 30

June 10, 2019

The President has signed H.R.2157, Additional Supplemental Appropriations for Disaster Relief Act 2019, which includes another extension for funding of the National Flood Insurance Program, this time through September 30, 2019.

DE Lt. Governor and Secretary of Finance Address DE Credit Unions

June 07, 2019

3rd Annual DE CU Day Largest Gathering to Date

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