CUNA

It wouldn't be a stretch to say the legislative process surrounding regulatory relief for credit unions is akin to a political game of "Battleship."

House Speaker Paul Ryan's decision not to seek re-election is another sign of the difficulties Republicans will likely face in holding the chamber in November, heightening pressure to move a pending regulatory relief bill as soon as possible.

Both national credit union trade associations submitted letters in advance of CFPB acting director Mick Mulvaney's House Financial Services Committee hearing.

Credit unions will know soon how much regulatory relief they might see from Congress and the Consumer Financial Protection Bureau.

The trades encouraged Congress to pass H.R. 5266, which would change the agency's governance to a five-member commission.

Small financial institutions are eager to see the Senate’s reform bill signed into law, but House efforts to amend the legislation risk stalling the effort.

Small financial institutions are eager to see the Senate’s reform bill signed into law, but House efforts to amend the legislation risk stalling the effort.

Credit unions have seen a slew of legal victories in lawsuits claiming CUs' websites violated the Americans with Disabilities Act, but there are fears attorneys pursuing those cases may be changing their strategy.

If the National Credit Union Administration appeals a judge's decision against part of its rule, it could help the ABA potentially upend other provisions.

After 32 years of service – 20 as CEO – the credit union veteran will step down at the $1.2 billion-asset institution.

A federal judge has upheld two provisions from NCUA's revised field-of-membership rule but struck down two other measures related to population centers.

Alabama-based Naheola Credit Union is the latest CU to face a suit citing alleged violations of the Americans With Disabilities Act.

Former CEO Jeff York alleges retaliation by board related to proposed weight loss clause.

Congress has left Washington for a two-week recess, and credit union leaders are being urged to make their case for reg relief while legislators are back at home.

At a time when credit union leaders need to be heard as one voice, the leaders of two competing trade groups are exemplifying that spirit.

The credit union trades are standing behind The Infirmary Federal Credit Union in its motion to dismiss.

Credit unions will be watching as the Senate's regulatory relief bill heads to the House, but government spending and interest rates may delay that process by several weeks.

The bill – similar to legislation previously put forward – would delay implementation of NCUA's risk-based capital rule by an additional two years.

Experts say that despite having a few suits thrown out, the matter won't be settled until the Department of Justice provides clarity. But there are steps CUs can take to protect themselves until then.

The Senate will resume discussions on S. 2155, while the House focuses on the TAILOR Act and other measures.