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WASHINGTON—Passing into law the SAFE Banking Act (H.R. 1595), which would institute a safe harbor for financial institutions serving legal marijuana businesses, would increase insured deposits at credit unions by about $200 million by 2022 and $350 million by 2029, according to the Congressional Budget Office (CBO).

PITTSBURGH, Penn.–Clearview Federal Credit Union participated in the Beaver County March of Dimes Walk for Babies to raise funds to support research, advocacy and programs to improve and ensure the health of all mothers and babies.

WASHINGTON–The House Appropriations Committee has released a draft fiscal year 2020 Financial Services and General Government funding bill that includes $300 million for the CDFI Fund, which would represent an increase of $50 million in funding should it be approved by Congress.

ARLINGTON, Va.–A plan by NCUA to add an “S” to its CAMEL rating system for market risk “sensitivity: could take at least three more years, according to a report by the agency’s Office of Inspector General (OIG).

LONDON—The European Commission is working on its biggest regulatory push on banking since the 2008 financial crash that could curb Britain’s access to the bloc, reported Reuters, citing an internal draft document the news outlet received.

WASHINGTON—Trump administration officials are getting close to unveiling their plan to return Fannie Mae and Freddie Mac to private-shareholder ownership, according to a new report.

PULASKI, Va.–Member One FCU presented a check for $1,000 to the New River Valley Agency on Aging, donating funds raised by credit union employees.

WINSTON-SALEM, N.C.—The $1.43-billion Allegacy FCU here said it has signed an agreement with Fiserv

BRIDGETOWN, Barbados–A senator here is calling on this country’s Financial Services Commission (FSC) to extend deposit insurance protection to credit unions.