Two bank lobby groups strongly advocated last week for its elimination and Congress begins writing tax reform legislation.
NAFCU says hearing next week; Senate Banking Committee spokesman says no date to report.
PHOENIX — Imagine what would happen if a hacker gained access to your credit union’s email accounts and sent a message to members telling them the credit union was unable to honor all deposit withdrawal requests.
PHOENIX — How quickly bad news can turn into a liquidity crisis was a topic of a breakout session at the CUNA CFO confab.
Rick Metsger, a former Oregon state senator who has sponsored credit union legislation and once served on a credit union board, was nominated by President Barack Obama May 15 to serve on the NCUA Board.
Oregon consultant was named "state legislator of the decade" by state league while serving as state senator.
Former state senator would likely take Gigi Hyland's old spot on the board if approved, sources tell Credit Union Times.
Empire State would follow Congress in eliminating ATM fee disclosure requirement that has spawned lawsuits.
Ever since Rep. Jeb Hensarling (R-Texas) and Rep. Maxine Waters (D-Calif.) were named the chairman and ranking member of the House Financial Services Committee late last year, Capitol Hill observers have waited for the two members of Congress and their polar opposite ideologies to clash publicly.
Small-business groups have joined the chorus of retirement professionals upset with President Barack Obama's proposed retirement cap.