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CONGRESS DRAFTS RBC COMMENTS TO NCUA
updated 04/23/14 03:41 PM
Signatures Being Gathered
In the latest effort to address the National Credit Union Administration’s (NCUA) pending rule on risk-based capital, members of Congress are now interested in sending their own comment letter.

“Sending their own version of a comment letter is one of the strongest tools for members of Congress,” said Jeremy Empol, vice president of federal government affairs for the California and Nevada Credit Union Leagues. “When legislation is not an option, members of Congress joining together to raise concerns is a pretty common practice, which in turn demonstrates to regulators that Congress is doing its job and carefully watching.”

The letter is currently being drafted while additional signatures from members of Congress are gathered. Typically, between two and 200 legislators will sign such a letter.

Specific concerns outlined in this letter address: 1) the disparity in the rule between how community-based financial institutions are treated; and 2) the implementation time for the rule to go into effect.

The Leagues and Credit Union National Association (CUNA) will announce the final letter when it is completed sometime before the comment period closes.

As the letter moves through the process, the Leagues may be calling on various credit unions that have key relationships with member of Congress to ask for their support.

If you have questions, please contact Jeremy Empol at jeremye@ccul.org.

Credit unions are encouraged to send their own comments letters through PowerComment.org, the Leagues’ regulatory grassroots tool. Comments are due to the NCUA by May 28.

 
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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.

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.

LEAGUE SURVEY EXTENDED TO NOV. 21 updated 11/19/14 10:57 AM
Overdraft and Courtesy Pay
The deadline for the California and Nevada Credit Union Leagues’ survey to obtain information about credit unions’ overdraft and courtesy-pay programs has been extended to Nov. 21.

CUs RECEIVE UNRIVALED SURVEY SCORE updated 11/18/14 11:10 AM
Ranked First in 'Customer Satisfaction'
Credit unions are ranked first in customer satisfaction, significantly outpacing all other financial services, according to findings released Tuesday by the American Customer Satisfaction Index (ACSI).