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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.
{ "author": { "name": "David Baumann", "webUrl": "/author/profile/david-baumann/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 1648, "social": [], "articles": [ { "uri": "/2021/04/30/bankers-ask-ncua-to-withdraw-proposed-cuso-rules/", "title": "Bankers Ask NCUA to Withdraw Proposed CUSO Rules", "byline": "David Baumann", "kicker": "News", "prettyDate": "April 30, 2021", "timeToRead": "4 minute", "image": { "uri": "https://images.cutimes.com/contrib/content/uploads/sites/413/2018/04/NCUA-Lobby-e1524163920903.jpg", "width": "620", "height": "310" }, "authors": [ { "webUrl": "/author/profile/david-baumann/", "name": "David Baumann" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "In January, the NCUA board adopted a proposed rule that would expand the types of activities CUSOs perform.", "body": null }, { "uri": "/2021/04/29/harper-asks-congress-for-more-authority-to-charge-premium/", "title": "Harper Asks Congress for More Authority to Charge Premium", "byline": "David Baumann", "kicker": "News", "prettyDate": "April 29, 2021", "timeToRead": "3 minute", "image": { "uri": "https://images.cutimes.com/contrib/content/uploads/sites/413/2019/04/NCUA-Seal-e1556057751447.jpg", "width": "620", "height": "465" }, "authors": [ { "webUrl": "/author/profile/david-baumann/", "name": "David Baumann" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Harper says, \"These changes would allow for an increase in insurance reserves during economic expansions to avoid charging premiums in economic downturns,\"", "body": null }, { "uri": "/2021/04/28/so-far-cuna-nafcu-shy-away-from-pac-contributions-to-election-objectors/", "title": "So Far, CUNA, NAFCU Shy Away From PAC Contributions to Election Objectors", "byline": "David Baumann", "kicker": "News", "prettyDate": "April 28, 2021", "timeToRead": "2 minute", "image": { "uri": "https://images.cutimes.com/contrib/content/uploads/sites/413/2018/10/politics-donation-PAC-capital-e1538675206543.jpg", "width": "650", "height": "409" }, "authors": [ { "webUrl": "/author/profile/david-baumann/", "name": "David Baumann" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "After pausing contributions following the insurrection, NAFCU and CUNA have slowly started political contributions again.", "body": null }, { "uri": "/2021/04/27/community-bankers-pushing-anti-credit-union-agenda-in-virtual-d-c-conference/", "title": "Community Bankers Pushing Anti-Credit Union Agenda in Virtual D.C. Conference", "byline": "David Baumann", "kicker": "News", "prettyDate": "April 27, 2021", "timeToRead": "3 minute", "image": { "uri": "https://images.cutimes.com/contrib/content/uploads/sites/413/2021/03/Independent-Community-Bankers-of-America-e1617125509551.jpeg", "width": "620", "height": "413" }, "authors": [ { "webUrl": "/author/profile/david-baumann/", "name": "David Baumann" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Beyond the anti-credit union language, the ICBA appears to have similar policy priorities as CUNA and NAFCU.", "body": null }, { "uri": "/2021/04/26/credit-union-trades-again-clash-over-warren-cra-bill/", "title": "Credit Union Trades Again Clash Over Warren CRA Bill", "byline": "David Baumann", "kicker": "News", "prettyDate": "April 26, 2021", "timeToRead": "5 minute", "image": { "uri": "https://images.cutimes.com/contrib/content/uploads/sites/413/2019/01/us-capitol-e1547149566807.jpg", "width": "620", "height": "410" }, "authors": [ { "webUrl": "/author/profile/david-baumann/", "name": "David Baumann" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The bill would systematize certain requirements for community credit unions in an effort to ensure they serve their communities.", "body": null }, { "uri": "/2021/04/23/aba-question-occ-authority-to-approve-cu-federal-savings-association-mergers/", "title": "ABA Questions OCC Authority to Approve CU-Federal Savings Association Mergers", "byline": "David Baumann", "kicker": "News", "prettyDate": "April 23, 2021", "timeToRead": "3 minute", "image": { "uri": "https://images.cutimes.com/contrib/content/uploads/sites/413/2020/08/Office-of-the-Comptroller-of-the-Currency-e1596565316205.jpg", "width": "620", "height": "414" }, "authors": [ { "webUrl": "/author/profile/david-baumann/", "name": "David Baumann" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The ABA continues to raise alarm bells about CUs purchasing banks, accusing CUs of using the tax exemption to finance the deals.", "body": null }, { "uri": "/2021/04/22/citing-temporary-influx-of-deposits-ncua-board-delays-release-of-equity-ratio/", "title": "Citing Temporary Influx of Deposits, NCUA Board Delays Release of Equity Ratio", "byline": "David Baumann", "kicker": "News", "prettyDate": "April 22, 2021", "timeToRead": "4 minute", "image": { "uri": "https://images.cutimes.com/contrib/content/uploads/sites/413/2020/08/cover.jpg", "width": "650", "height": "783" }, "authors": [ { "webUrl": "/author/profile/david-baumann/", "name": "David Baumann" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Hauptman suggests the NCUA record exam meetings with credit unions - likening the idea to wearing police body cameras.", "body": null }, { "uri": "/2021/04/21/sba-improves-oversight-of-ppp-program-as-cu-trades-note-forgiveness-delays/", "title": "SBA Improves Oversight of PPP Program, as CU Trades Note Forgiveness Delays", "byline": "David Baumann", "kicker": "News", "prettyDate": "April 21, 2021", "timeToRead": "3 minute", "image": { "uri": "https://images.cutimes.com/contrib/content/uploads/sites/413/2019/01/small-business-administration-e1547572161198.jpg", "width": "620", "height": "465" }, "authors": [ { "webUrl": "/author/profile/david-baumann/", "name": "David Baumann" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "A Government Accountability Office director testifies the SBA has taken some steps to stop PPP fraud.", "body": null }, { "uri": "/2021/04/20/house-passes-marijuana-banking-bill-as-nafcu-cuna-endorse-measure/", "title": "House Passes Marijuana Banking Bill as NAFCU, CUNA Endorse Measure", "byline": "David Baumann", "kicker": "News", "prettyDate": "April 20, 2021", "timeToRead": "3 minute", "image": { "uri": "https://images.cutimes.com/contrib/content/uploads/sites/413/2018/09/us-capitol-summer-e1536862348213.jpg", "width": "620", "height": "412" }, "authors": [ { "webUrl": "/author/profile/david-baumann/", "name": "David Baumann" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The bill prohibits financial regulators from requiring an institution to stop doing business with a company solely based on reputational risk.", "body": null }, { "uri": "/2021/04/19/postal-banking-supporters-confident-congress-will-allow-pilot-program/", "title": "Postal Banking Supporters Confident Congress Will Allow Pilot Program", "byline": "David Baumann", "kicker": "News", "prettyDate": "April 19, 2021", "timeToRead": "3 minute", "image": { "uri": "https://images.cutimes.com/contrib/content/uploads/sites/413/2018/12/post-office-e1544026936857.jpg", "width": "620", "height": "423" }, "authors": [ { "webUrl": "/author/profile/david-baumann/", "name": "David Baumann" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "After the proposal was killed by the Republican-controlled Senate last year, Democrats believe this idea has new life today.", "body": null } ] } }
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