NOT FOR REPRINT
Page Printed from: cutimes.com/author/profile/david-baumann/
Sign In To follow
In January, the NCUA board adopted a proposed rule that would expand the types of activities CUSOs perform.
Harper says, "These changes would allow for an increase in insurance reserves during economic expansions to avoid charging premiums in economic downturns,"
After pausing contributions following the insurrection, NAFCU and CUNA have slowly started political contributions again.
Beyond the anti-credit union language, the ICBA appears to have similar policy priorities as CUNA and NAFCU.
The bill would systematize certain requirements for community credit unions in an effort to ensure they serve their communities.
The ABA continues to raise alarm bells about CUs purchasing banks, accusing CUs of using the tax exemption to finance the deals.
Hauptman suggests the NCUA record exam meetings with credit unions - likening the idea to wearing police body cameras.
A Government Accountability Office director testifies the SBA has taken some steps to stop PPP fraud.
The bill prohibits financial regulators from requiring an institution to stop doing business with a company solely based on reputational risk.
After the proposal was killed by the Republican-controlled Senate last year, Democrats believe this idea has new life today.