NCUA sees win in FOM appeal
In a win for the NCUA in its lawsuit brought by the American Bankers Association
(ABA) challenging the agency's 2016 field of membership (FOM) rule, the U.S.
Court of Appeals for the D.C. Circuit Tuesday remanded the case with instructions
to issue summary judgment in favor of NCUA on the two provisions that were originally
struck down by the U.S. District Court for the District of Columbia.
Banking
regulators move to loosen Volcker requirements
Yesterday, the FDIC
and Office of the Comptroller of the Currency approved an interagency rule that
would loosen Volcker rule requirements on big banks; three other banking regulators
must still approve it. NAFCU had urged the agencies to withdraw their proposed
rulemaking, arguing that relaxing the requirements could undermine financial stability.
NAFCU's
Berger delivers Washington & Industry Update at DCUC conference
NAFCU President and CEO Dan Berger addressed the Defense Credit Union Council
(DCUC) Tuesday at its 56th Annual Conference in Chicago on current efforts in
Washington that could impact credit unions. The conference began Sunday and concludes today.
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Does
the activation of a National Guard member trigger SCRA protections?
NAFCU's David Park answers whether the activation of a member of the National
Guard triggers certain protections under the Servicemembers Civil Relief Act (SCRA)
by explaining the differences between a member being activated under Titles 10
and 32 of the United States Code in a new post on the Compliance Blog.
