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Roadblocks Ahead for Credit Union Legislation

The National Association of Credit Unions (NACU), with the support of Representative Bill Posey (R-Florida) and Denny Heck (D-Washington) reintroduced a bill that would require the National Credit Union Association to initiate a study on capital requirements for credit unions before finalizing the final risk-based capital rule that is scheduled to go into effect on the first of January 2019.

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Otting, Quarles, Confirmed by Committee Vote

The Senate Committee on Banking, Housing, and Urban Affairs held a vote to push Joseph Otting, nominated to be Comptroller of the Currency, and Randal Quarles, nominated to the Board of Governors of the Federal Reserve, to a full Senate confirmation. Both men were approved by the committee.

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