X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ARLINGTON, Va.-Top officials at CUNA and NAFCU have continued to meet occasionally under the auspices of the National Credit Union Legislative and Regulatory Coordinating Council since its inception during the battle for H.R. 1151. On Dec. 1, members of the executive committees and senior staff of the two major national credit union trade associations met again. Subjects that came up included the Utah field of membership lawsuit that is awaiting a judge’s decision; legislation of interest to credit unions in the upcoming Congress-like regulatory relief, and the Credit Union Regulatory Improvements Act; Prompt Corrective Action; the Financial Accounting Standards Board’s merger accounting proposal; clarification of the Securities and Exchange Commission’s broker-dealer rules regarding credit unions and credit union service organizations; and the IRS’ Unrelated Business Income Tax. Each association shared what the other was doing on these issues. Neither CUNA nor NAFCU would go into the specifics of the substance of the discussions. They did consider ways to get broader bipartisan support for the Credit Union Regulatory Improvements Act in the 109th Congress. The meeting, called by NAFCU Chair Diane Furnas, was held at NAFCU’s headquarters in Arlington, Va.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.