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Rep. Ed Royce, R-CA

INSURANCE PARITY BILL MOVES FORWARD
updated 11/19/13 10:00 AM
CA Congressmen Support Legislation
The House Financial Services Committee recently passed H.R. 3468, the Credit Union Share Insurance Fund Parity Act. Authored by Rep. Ed Royce, R-Brea, this legislation will extend insurance fund coverage for Interest on Lawyer Trust Accounts (IOLTAs).

Click here to view a video of Royce commenting on H.R. 3468 during a committee meeting.

This bill is the first of many addressing regulatory relief measures for credit unions. As one of the 35 items proposed by the Credit Union National Association (CUNA) at a hearing earlier this year, the legislation is one of the smaller—yet significant—victories for credit unions.

"In Congress, small victories lead to larger congressional wins," said Jeremy Empol, vice president of federal government affairs for the California and Nevada Credit Union Leagues. "We thank Congressman Royce for his support of credit unions."

H.R. 3468 will now head to the floor of the House where it will be scheduled for consideration. Royce was joined by Reps. Brad Sherman, D-Sherman Oaks, and Gary Miller, R-Redlands, as initial co-sponsors of this legislation.

If you have any questions, please contact Jeremy Empol at jeremye@ccul.org for more information.

 
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MCWATTERS DISSENTS ON BUDGET VOTE updated 11/22/14 06:37 AM
Also, Revised RBC Rule Coming
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters was the only one to vote “no” on the board’s 2015 proposed budget, which will increase 4.2 percent over last year. The vote was 2 to 1.

ANNUAL FED WEBINAR ON REGS, GUIDANCE updated 11/21/14 10:32 AM
Also, FinCEN Issues Advisories
Senior staff at the Federal Reserve will host an annual webinar to provide a recap of recent regulatory changes and highlight various inter-agency guidance. The webinar will also discuss current hot topics in the financial services industry and give a glimpse of future regulatory changes.

NEW EMPLOYMENT LAWS FOR 2015 updated 11/21/14 04:33 PM
Also, TIPs Bulletin Posted
The California Chamber of Commerce has released a list of new employment laws scheduled to take effect in 2015 or earlier that will have an impact on businesses in California.

DIANA DYKSTRA RECEIVES 'EAGLE AWARD' updated 11/20/14 10:41 AM
Outstanding Record of Achievement
Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues, was presented with the American Association of Credit Union Leagues’ highest honor—the Eagle Award—this week during AACUL’s winter meeting in Hawaii.