Tag Archives: credit unions

Obama Nominates Herrera to NCUA Board

President Obama yesterday named John Herrera to a vacant seat on the National Credit Union Administration board. Herrera is currently an executive at a community development financial institution.

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ABA: NCUA Rule Would Foster Speculative Real Estate Investments

ABA today urged the National Credit Union Administration to withdraw a proposed rule that would give federal credit unions greater incentives to spend depositors’ money on acquiring commercial real estate for leasing and on speculative real estate investments -- all while taking commercial properties off of local tax rolls.

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Hensarling Previews Regulatory Reform Plan

Speaking today at ABA’s Government Relations Summit, House Financial Services Committee Chairman Jeb Hensarling (R-Texas) offered a preview of a financial regulatory reform plan that he expects to unveil soon.

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ABA Provides Background to Congress on Overreaching CU Proposals

As credit union officials hit Capitol Hill this week for an annual lobbying event, ABA today sent a letter to members of Congress that provides background information on several recent actions that would expand the scope and scale of credit unions and relevant questions for them to ask the visiting CU officials and lobbyists.

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