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Chairman Hood says the proposal complies with a court decision that the agency swiftly respond to concerns expressed by federal judges.

Jimmy Dutchover will spend eight months in prison for funneling a $10,000 loan to a convicted political pal and failing to file a federal income tax return.

Also at the House Subcommittee hearing, Rep. Luetkemeyer says the CECL standard will "hit minority institutions hard."

The new core aims to bolster community financial institutions by lowering the cost of their technology, security and regulatory needs.

The NWCUA also honors 10 credit unions and four individuals at its Summit Awards.

CU leaders react to the ICBA's efforts that include legislative and regulatory research, grassroots advocacy and resources that community banks can customize.