Obama Nominates John Herrera to NCUA Board

Herrera is the SVP for Hispanic and Latino affairs at Durham, N.C.-based Self-Help Credit Union, and previously served as a Commissioner for the North Carolina Credit Union Commission.

Obama to Nominate McWatters to Export-Import Bank Board, Leaving NCUA Vacancy if Confirmed

President Barack Obama announced his intent to nominate J. Mark McWatters to the Board of Directors of the Export-Import Bank of the United States. If McWatters is confirmed, that leaves a vacancy on the NCUA Board, where he has served for less than 18 months.

Obama to Nominate McWatters to Export-Import Bank Board, Leaving NCUA Vacancy if Confirmed

President Barack Obama announced his intent to nominate J. Mark McWatters to the Board of Directors of the Export-Import Bank of the United States. If McWatters is confirmed, that leaves a vacancy on the NCUA Board, where he has served for less than 18 months.

Obama Signs Into Law Three Credit Union Regulatory Relief Measures

Modernizations to privacy notification requirements, opening of FHLB membership to privately insured credit unions, and changes to the CFPB’s treatment of “rural” areas were all signed into law as part of a comprehensive highway bill.

Obama Signs Share Insurance Parity Bill

The bill extends share insurance coverage to credit union trust accounts.

McWatters Joins NCUA Board

After his Senate confirmation in June, Mark McWatters is sworn in as an NCUA board member.

NWCUA Sends ECONorthwest Report to President Obama

NWCUA President/CEO Troy Stang has shared the ECONorthwest study with President Obama. In a letter sent to the White House this week, Stang discredits the bank lobby’s claims about credit unions’ tax model.

ABA to President Obama: Abolish Credit Unions’ Tax Exemption

The American Bankers Association has asked President Obama to abolish credit unions’ tax exemption. In a letter to the White House last week, ABA president/CEO Frank Keating called the exemption “a depression era tax break that has outlived its purpose.”

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Former Oregon State Senator Rick Metsger Nominated by President Obama to NCUA Seat

President Obama has announced his nomination of former Oregon State Senator Rick Metsger to become a member of the NCUA Board of Directors.

President Obama Issues Cybersecurity Executive Order

President Obama signed an executive order Tuesday aimed at improving information-sharing about cyber threats between the government and industry and at establishing a risk framework and best practices for businesses.

President Obama Extends SCRA Protections for Servicemembers

President Obama signed the Honoring America’s Veterans and Caring for Camp Lejeune Families Act (H.R. 1627) into law on Aug. 6, 2012, extending Servicemembers Civil Relief Act protections for servicemembers.

President Obama to Use Recess Appointment to Install CFPB Director

The White House will install Richard Cordray as director of the CFPB after Congress failed to act on Cordray’s nomination, a move that NWCUA CEO John Annaloro described as “awakening a new beast” on the regulatory front.

Pre-Convention Roundtable Nets Strong Northwest Feedback for Obama Administration

Northwest credit union leaders invited to give economic feedback to the Obama Administration had three strong messages: raise the cap on Member Business Loans, ease over-regulation and stop political bickering that prevents real service to taxpayers.

Congress Passes Legislation to Raise Debt Ceiling; Measure Headed to President Obama

After weeks of angst, Congress passes a bill to raise the nation’s debt ceiling and cut federal spending.