The $865.5 million will be distributed to the capital account holders of the former Members United, Southwest Corporate, and U.S. Central Corporate credit Unions.
In so doing, the Court reiterated a precedent set when they determined that the structure of the CFPB was unconstitutional.
The NCUA released their June 24, 2021 board meeting agenda.
A total of 6 bills passed the chamber with bipartisan support, and they now must navigate the Senate.
It is likely that the House of Representative will bring the SAFE Banking Act (H.R. 1996) to floor for a vote next Wednesday, April 21.
This has been a focus of key Northwest congressional delegation members like Chairman Wyden (D – OR) and Senator Merkley (D – OR) for many years.
This week there we a number of key hearings in both the Senate Banking Committee and the House Financial Services Committee.
The 117th Committee on Taxation has been set with 3 key Northwest delegation members.
The SAFE Banking Act has been formally introduced in the House (H.R. 1996) and Senate (S. 910), both are bipartisan and well positioned.
The Co-Chairs from our three state Governmental Affairs Committees penned a letter to the CUNA Advocacy Committee this week.
The NWCUA and other credit union system partners have long advocated that the definition be narrowed, and on behalf of the system, CUNA filed an amicus brief in the case.
A big win for the credit unions offering the Paycheck Protection Program.
Today the House took action on H.R. 1799 and it will likely pass the chamber soon with bipartisan support.