IRS Reporting Proposal That Was Strongly Opposed by CUs is Pulled from Bill 09/14/2021 07:51 pm WASHINGTON—A proposal that would have required credit unions to report deposits/withdrawals of more than $600 to the Internal Revenue Service has been removed from legislation currently before Congress.
NAFCU Caucus Coverage: Budd Calls for Repeal of Durbin Amendment 09/14/2021 07:51 pm WASHINGTON–Rep. Ted Budd (R-NC) told credit unions he continues to advocate for repeal of the Durbin Amendment and is co-sponsoring a number of pieces of legislation aimed at providing assistance to CUs.
NAFCU Caucus Coverage: Rep Expresses Opposition to Spending, Tax Increases 09/14/2021 07:53 pm WASHINGTON–The ranking member of the House Ways & Means Committee called on credit unions to help him in his fight against more government spending and proposed tax increases.
Wyoming-Based CU Proposes to Cross State Line into Nebraska With Merger 09/14/2021 07:49 pm LANDER, Wyo. – Meridian Trust FCU here has announced plans to merge with Nebraska-based Western Heritage FCU, with Meridian Trust to be the surviving name.
6 Haitian CUs to Receive Funds From Worldwide Foundation Following Earthquake 09/14/2021 07:50 pm MADISON, Wis.—Six credit unions in Haiti that were devastated by an August 14 earthquake will soon be operating again following a $45,000 grant issued through Worldwide Foundation for Credit Unions’ Project Storm Break initiative.
National CU Foundation Provides Additional $150k To Assist Louisiana CU Employees Following Hurricane 09/14/2021 07:52 pm WASHINGTON–The National Credit Union Foundation said it has made an additional grant of $150,000 to the Louisiana Credit Union League to support credit union employees and volunteers affected by Hurricane Ida.
CFPB Releases Filing Instructions Guide for HMDA Data 09/14/2021 07:49 pm WASHINGTON—The CFPB has released the filing instructions guide for data collected in 2022 – to be reported in 2023 – under the Home Mortgage Disclosure Act (HMDA).
