(please click ad for more information)

What's New?

At the Leagues

The Leagues

California & Nevada

Current News

Relevant Information—For You, By You
Sen. Dean Heller, R-NV

NEVADA SENATOR SHARES RBC CONCERNS
updated 07/12/14 02:19 PM
Sends Letter to NCUA
Senator Dean Heller, R-NV, has written a letter to the National Credit Union Administration (NCUA) on behalf of the Nevada Credit Union League stating his concerns with the agency’s risk-based capital proposal.

Click here to read the letter.

Heller is the most recent to raise concerns from the Senate Banking Committee.

“I am concerned the proposed rule would establish a new risk-based requirement for a credit union to be considered well-capitalized,” Heller states. “The risk weights in the proposed rule may be unduly burdensome on credit unions and reduce the availability or affordability of loan products, and restrict credit to citizens in Nevada.”

Heller also stated his concern that the NCUA hasn’t “adequately explained” the need for the risk-based capital proposal, adding that he would like the agency to “provide clear guidance on how credit unions should plan for supervision in the future,” with plenty of time to adjust and comply with any new rules.

 
print   email   share   share   share

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.