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March 2, 2015

NEW: CUNA-backed bill to raise MBL cap introduced

WASHINGTON (3/2/15 UPDATED 1:15 p.m. ET)--CUNA welcomes the reintroduction today of a bill that would raise the cap on credit union member business lending (MBL) to 27.5% of assets. ReadMore

GAC countdown: Treasury's Gerety, CFPB's Martinez invited to join power-packed lineup

With CUNA's Governmental Affairs Conference set to kick off in less than a week, two key federal policymakers have been added to a lineup that already features a number of high-profile regulatory and legislative policymakers. ReadMore

New bill highlights support in Congress for NCUA budget transparency

Rep. Mick Mulvaney (R-S.C.) wants the U.S. Government Accountability Office to study the National Credit Union Administration's budgeting practices and identify ways the agency can increase the transparency of its process to its regulated credit unions, the U.S. Congress, and the public in general. It is a goal strongly advocated by CUNA and the trade association has worked steadily toward that end since the NCUA ceased its budget-hearing process in 2009. ReadMore

CUNA backs Miller bill to ease vets' access to CU biz loans

A bill that would exempt business loans to veterans from credit unions' statutory cap was introduced Friday by Rep. Jeff Miller (R-Fla.) and has CUNA's support. ReadMore

Nussle, Cummins share CU difference with Minn. biz journal

CU System
The Minnesota Business Journal received an education in the credit union difference recently, as Jim Nussle, CUNA president/CEO, and Mark Cummins, president/CEO of the Minnesota Credit Union Network, sat down with the publication to talk data breaches, legislative priorities and credit union growth. ReadMore

Pew: Americans' optimism tempered by fin. insecurity

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U.S. consumers feel better about their day-to-day finances and the economy than they have in years, but Jane and Joe Average are still not getting ahead, according to a survey conducted by The Pew Charitable Trusts. ReadMore

Consumer Protection Week aligns with CU model: Nussle

Credit unions welcome the designation of March 1-7 as National Consumer Protection Week as a way to highlight resources available to help consumers manage their money, handle credit and debt, stay safe online and avoid identity theft, said CUNA President/CEO Jim Nussle. ReadMore

CUNA recommends CU candidates for CFPB advisory groups

CUNA noted in a letter Friday that credit union representation at the Consumer Financial Protection Bureau through membership on its advisory boards is key to ensuring the unique perspective of credit unions is not only heard, but also taken into consideration as a part of any and all rulemakings affecting credit unions. ReadMore

Filene IDs 5 challenges for women in CU leadership

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A recent paper from the Filene Research Institute investigates the challenges women face as leaders within the credit union movement. ReadMore

News Now LiveWire
Construction spending drops in January, according to @CommerceGov #Market #NewsNow
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During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers.
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.@TransUnion: #millennials climbing into driver's seat with loans
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Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz
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Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
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