Regulatory & Compliance

New rules redefine issuance procedures, expand use of supervisory guidance and restrict Civil Penalty Fund spending on consumer education.

Senate draft retains key financial provisions while exempting CUs from remittance tax and preserving the tax-exempt status.

New filing cites a recent federal ruling to argue the NCUA Board lacks independent enforcement power, reinforcing protections against politically-motivated dismissal.

The coalition warns HB 1553 would limit consumer choice, reduce access to regulated financial services and weaken state-chartered institutions.

New law brings regulatory parity, expense reimbursements and greater flexibility to Florida's state-chartered credit unions.

The trade group urges $50 million in funding to strengthen global credit union networks.

The government argues the NCUA Board wields executive power, justifying Trump's at-will removal of Harper and Otsuka despite lack of explicit statutory language.

The bill also requires boards to adopt written conflict-of-interest policies for board members.