|July 23, 2014|
|CFPB expected to increase budget and staffing in 2015|
A recent study from George Washington University’s Regulatory Studies Center reviewed President Obama’s requested budget outlays in fiscal year 2015 and estimated outlays for fiscal year 2014.
The study indicates that the CFPB’s budgeted outlays are projected to continue to increase from $481 million in 2014 to $622 million in fiscal year 2015, an increase of 27.1 percent. From 2013 to 2014, the study shows that the CFPB outlays increased 32.7 percent from $357 million in 2013 to $481 million this year. The study also shows the number of employees at the CFPB will also continue to grow. The budget requests call for 462 new employees in 2014 and 172 in 2015.
In the past few years, we have seen the Bureau place more and more emphasis on growing the agency and becoming “fully-staffed.” With this newly published study, it appears that more growth for the agency is being contemplated by the Obama Administration. CUNA continues to dialogue with the CFPB on many regulatory issues impacting credit unions and urges the CFPB to do more to exempt credit unions from overly burdensome regulations that were designed for abusers in the marketplace that caused the financial crisis, as credit unions continued to serve their members during this time.
|Florida residents: register to vote by this Monday, July 28|
In Florida, you must be
registered for at least 29 days before you can vote in an election. Since
Florida is a closed primary state, only voters who are registered members of a
political party may vote for their respective party's candidates in a primary
Party changes must also be made by the end of the 29th day before the primary election. If you are not registered to vote in the political party for
which the primary election is being held, you may vote for nonpartisan
candidates and issues and you can apply to register to vote at any time.
book closing dates for the 2014 election cycle are July 28 for the primary election and Oct. 6 for the general election.
Register to vote online here.
For more information on registering to vote, visit the Florida
Division of Elections website.
|Register for the League's annual fall Hike the Hill trip today|
The LSCU & Affiliates
annual fall Hike the Hill grassroots lobbying trip to Washington, D.C.
is Sept. 16-17. It is important that all credit unions send a
representative. The tentative agenda includes a trip to the NCUA's offices for a 75-minute meeting. There will also be a reception and then a full day of Hill meetings.
With tax reform still on the table, increasing regulatory pressures,
and other important pieces of legislation percolating, the League needs credit
union grassroots advocates to join them on the Hill and bring the
credit union message to lawmakers.
Additionally, with the NCUA's risk-based capital
proposal yet to be finalized, it is important that a large number of
credit unions let the NCUA know just how damaging the rule in its
current form may be during our meeting.
For registration, flight, and hotel information, download this document.
To register, click here to complete the registration form online. Note: There is no registration fee for Hike the Hill.
Also, the Southeastern Credit Union Foundation has scholarships available for this event.
If you have any questions regarding the 2014 LSCU Hike the Hill, or
any other grassroots advocacy activities, contact SVP of Association
Services Jared Ross at 866.231.0545, ext. 1012.
|July issue of NCUA Report now available|
The July 2014 issue of the NCUA Report includes columns from NCUA Board Chairman Debbie Matz and board members Michael E. Fryzel and Rick Metsger. It also includes articles from several NCUA offices on the agency’s initiatives and information on supervisory, regulatory, and compliance issues that are important to all federally insured credit unions.
The articles in this month’s edition include:
- NCUA Board Proposes Allowing Credit Unions to Securitize Their Own Assets
- Chairman’s Corner: Honor the Past by Protecting the Future
- Board Member Fryzel’s Perspective: Passing the Torch
- Board Member Metsger’s Perspective: You Are Now Entering “The Buffer Zone”
- Board Actions: Proposed Appraisal Rule and Final Voluntary Liquidation Rule Cut Red Tape
- Understanding the Basics of an Information Security Policy
- NCUA Can Help Consumers Improve Their Personal Finance Knowledge
- NCUA Unveils New Resources for Interest Rate Risk and Consumer Compliance
- Understanding the Civil Money Penalty Process for Late Filers
- Agencies Issue Guidance for Home Equity Lines of Credit
Click here to view the latest issue of the NCUA Report.
|Will a Birmingham CU employee be CUES Next Top Credit Union Exec. ?|
Benjamin Teske, a consumer lending manager at America's First FCU in
Birmingham and member of the Birmingham Young Professional group, has been announced as a 2014 applicant in the CUES Next Top Credit
Union Exec. competition.
Teske is one of the 24 applicants vying for a finalist spot in the competition. Voting is now open through July 30 at 3 p.m. EST. Members of the credit union industry and the general public can vote for their favorite applicant. The Top 12 applicants with the most votes will automatically move on. A
committee selected by CUES will choose up to three additional applicants to
move on. Together, these applicants will form the Top 15.
Learn more about Teske and his CORE Loan project.
View the other applicants and cast your vote.
|LSCU & Affiliates Media|
2014 Southeast Credit Union Conference and Expo
The LSCU & Affiliates hosted the Southeast Credit Union Conference and Expo. The conference featured former Florida State Football Coach Bobby Bowden, National Credit Union Foundation Executive Director Gigi Hyland, CUNA Mutual Group CEO Bob Trunzo, and Filene Research Institute CEO Mark Meyer.
President's 2Q Video
The LSCU & Affiliates President/CEO Patrick La Pine provides an update from the second quarter and also looks ahead to the rest of the summer.
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