NDAA advanced without CU-opposed language

Capitol building in Washington

A provision in the National Defense Authorization Act strongly opposed by the New York Credit Union Association was not included in the conference report, which is the final version of the bill after the House and Senate negotiated on the language of the legislation. The omission represents a significant victory for the credit union movement.

Continue reading “NDAA advanced without CU-opposed language”

Final push for BDD legislation as year winds down

New York State Capitol in Albany

The New York Credit Union Association is encouraging all New York credit union advocates to continue urging the governor to sign legislation that would allow credit unions to participate in the Banking Development District Program. With the year winding down, the timeline for Gov. Andrew Cuomo to act on the legislation is getting slimmer and slimmer.

Continue reading “Final push for BDD legislation as year winds down”

Association comments on DFS student loan servicing proposal

NYDFS-Logo-300x300The state Department of Financial Services’ new proposal on student loan servicers takes a one-size-fits-all approach to regulating the student loan industry, said New York Credit Union Association SVP/General Counsel Henry Meier in a recent comment letter to the department.

Continue reading “Association comments on DFS student loan servicing proposal”

House passes SAFE Banking Act with unanimous support from NY lawmakers

Capitol building in Washington

Just one day after New York credit union professionals were on Capitol Hill advocating for its passage, the U.S. House passed the Secure and Fair Enforcement Banking Act, commonly referred to as the SAFE Banking Act. The legislation was passed yesterday in bipartisan fashion, with every House member from New York voting in the affirmative.

Continue reading “House passes SAFE Banking Act with unanimous support from NY lawmakers”