CUNA, NAFCU and NASCUS criticize proposal, which would require large credit unions to maintain a stress test capital ratio of at least 5%.
In briefs filed August 28, all parties to a recent decision overturning the Federal Reserve’s debit interchange regulation urged U.S. District Court Judge Richard Leon to leave it in place until further appeals of his July 31 decision are exhausted.
Trades add their voices to briefs filed with federal judge in interchange swipe case.
House, Senate both get measure that would create ombudsman outside NCUA.
WASHINGTON — Although speakers at NAFCU’s Congressional Caucus pledged their support for credit union member business lending , not one member of Congress said MBL legislation would be passed before the end of this year.
WASHINGTON — GOP lawmaker miffed league gave $250,000 check to his opponent; league says it was $135,000 and it gave him $5,000.
Credit unions are hoping for relief from the courts and an improved rule from the Federal Reserve following the Senate defeat of an amendment that would have delayed the Federal Reserve’s rule regulating debit interchange fees by up to a year.
Lawmakers were trying at press time to iron out a bipartisan agreement on legislation to overhaul the way financial services are regulated.