WASHINGTON-The American Bankers Association (ABA) has submitted the last of its briefs prior to oral arguments in their lawsuit against the NCUA and others scheduled for September 5. NAFCU Senior Vice President and General Counsel Bill Donovan remarked of the brief that it simply "rehashes stale arguments" and remained confident...

ALEXANDRIA, Va.-NCUA Acting Chairman Dennis Dollar said that the agency was planning on cutting its budget by more than $2 million at the upcoming July board meeting. Dollar said that all three NCUA Board members have been briefed on the $2,183,000, or 1.55%, budget cut. The reduction brings the entire...

WASHINGTON-In a few swift maneuvers last week, the Senate passed the bankruptcy abuse reform bill by a margin of 82 to 16 and named conferees, clearing the way for the House to appoint its conferees. The bill passed the Senate more quickly than credit union lobbyists had anticipated. Senator Paul...

WASHINGTON-Four of the nine open seats on the 24-person CUNA board are contested seats. The remaining five candidates running are uncontested. For District 1, which includes New England, Puerto Rico, and the Virgin Islands, there is a contested seat representing credit unions under 10,000 members. Thomas J. O'Neil, president and...

ORLANDO,Fla.-America's federal credit unions are expanding service to underserved and low-income communities at an unprecedented pace, according to NCUA Acting Chairman Dennis Dollar. Appearing on a Web cast at the NAFCU Annual Convention, the Dollar said that in the first six-months of this year, there have been more than 4.9...

WASHINGTON-Senator Harry Reid (D-Nev.) filed a motion to proceed with the bankruptcy reform legislation (S. 420/H.R. 333) conference to iron out the differences between the House and Senate bills last week. This should make way for the naming of conferees any time now, but opponents have other plans. Senator Paul...

WASHINGTON-The American Bankers Association (ABA) sent a letter to each member of the Senate and House of Representatives slamming CUNA's Renaissance Commission report and subsequent letter to the Hill. According to the bankers, the Commission's report flies in the face of congressional intent and the ABA renewed its call for...

WASHINGTON-While CUNA's Project Differentiation got off to a slow start, the rate of completed statements of commitment has increased since it was transferred to the Advocacy and Governmental Affairs division. CUNA Grassroots Manager Gretchen Graf and others in the leagues are crediting leadership by example with the increase in statements....