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CUNA-backed changes in housing finance reform bill

CUNA News Now Headlines 03/18/2014 - Provided as a courtesy and valuable service of the Credit Union National Association

Housing reform draft includes CUNA-sought cap increase

With the release of the Johnson-Crapo housing finance reform bill over the weekend, CUNA has confirmed an important modification from an earlier draft bill. The cap for membership in an mutual securitization company was drastically increased, as recommended by CUNA in testimony last November and in meetings with legislative staff on Capitol Hill. More

CUNA urges continuation of SBA 7(a) waiver

CUNA spoke out in support of continuing a Small Business Administration 7(a) guaranteed loan program fee waiver into 2015, and promoted increasing the member business lending cap, in a letter to SBA Acting Administrator Marianne Markowitz. More

Republican senators oppose FATCA in letter to foreign-based citizens

The Foreign Account Tax Compliance Act--FATCA--"treats Americans living overseas unfairly," Sen. Rob Portman (R-Ohio) wrote in a letter sent on behalf of the National Republican Senatorial Committee last week. CUNA supports legislation to repeal FATCA. More

Clean audit for 2013 posted for NCUA Stabilization Fund

The Temporary Corporate Credit Union Stabilization Fund has received a clean audit opinion for the fifth consecutive year of its five-year existence, the National Credit Union Administration announced Monday. More

Mortgages lead the pack for Neb. CU loan growth

Nebraska credit unions watched loan growth thrive--along with shares, memberships and net worth--in 2013, according to data released by the National Credit Union Administration and reported by the Nebraska Credit Union League last week. More

Bridge CU ships financial help to trucking students

An Ohio-based credit union has partnered with a driving trade school to offer loans to students looking for certification as truck drivers. More

CUs shine in Council's Diamond, Excellence marketing awards

The CUNA Marketing and Business Development Council awarded seven Best of Show awards, including the Diamond Best of Show to Seattle-based BECU, during its annual conference last week in Orlando, Fla. More

Yellen to set tone for interest-rate language

Today, Janet Yellen leads the first Federal Open Market Committee meeting as chair, and economists are keeping an ear out not only for what she says, but how she says it. More

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