News Now

  1. Cheney to HuffPo small-biz readers: Know 5 things about Capitol Hill
  2. ATM disclosure fix introduced in Senate
  3. NCUA, WesCorp figure settle lawsuit
  4. TDR, RegFlex final lead NCUA agenda
  5. More News Now

A new column on the Huffington Post website from CUNA President/CEO Bill Cheney offers small business owners five suggestions for dealing with Capitol Hill and explains them in the context of the current effort to raise the cap restricting member business lending. Huffington Post is running the column just ahead of National Small Business Week, which starts Sunday. And an excerpt from the column, including a call to on the U.S. Congress to increase the MBL cap, was picked up by the San Francisco Chronicle.

CUNA strongly supports Sen. Mike Johanns' (R-Neb.) introduction of legislation that would ease current ATM fee disclosure regulations, which "will protect credit unions and other ATM operators from frivolous lawsuits while at the same time maintaining important consumer protections," CUNA President/CEO Bill Cheney said.

The chief investment officer at the now defunct Western Corporate FCU and the National Credit Union Administration have entered a settlement agreement in the lawsuit over the mortgage-backed securities losses that WesCorp experienced before its collapse.

A final version of new Troubled Debt Restructuring rules and Regulatory Flexibility program changes will be the lead items on the agenda when the National Credit Union Administration holds its next open board meeting at 10 a.m. ET on May 24.

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