America’s Credit Unions President/CEO Jim Nussle met with several credit union supporters on Capitol Hill Wednesday, including Reps. Scott Fitzgerald, R-Wis., and Brian Fitzpatrick, R-Pa. Both members have introduced credit union supported legislation this year. Fitzgerald, along with Reps. Juan Vargas, D-Calif., Young Kim, R-Calif., and Brad Sherman, D-Calif., introduced the Expanding Access to Lending …
The Financial Crimes Enforcement Network (FinCEN) will publish a proposed rule that would require reports and recordkeeping on certain transfers of real estate properties to specified legal entities and trusts. The proposal does not cover transfers made directly to individuals. The proposed rule describes when a report must be filed, who must file a report, …
America’s Credit Unions President/CEO Jim Nussle wrote to the Senate Banking Committee (SBC) Wednesday ahead of its hearing with Treasury Secretary Janet Yellen to reiterate credit union priorities on cybersecurity, Community Development Financial Institutions (CDFI) certification, and more. Nussle urged the committee to oppose granting the NCUA with third-party vendor authority, noting the NCUA can collaborate with …
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