President Donald Trump has designated John Crews as Chairman of the National Credit Union Administration (NCUA) board following his confirmation by the U.S. Senate. Crews was sworn in today as the fourteenth Chairman of the NCUA Board and will serve a term through August 2031. During his June 25 confirmation hearing before the Senate Committee
John Crews Designated Chairman of the NCUA Board Read More »
The National Credit Union Administration (NCUA) has issued guidance indicating that eligible federal credit unions (FCUs) can begin taking advantage of new board meeting flexibility enacted through the Credit Union Board Modernization Act (CUBMA) without waiting for the agency to update its Federal Credit Union Bylaws. Under CUBMA, FCUs are no longer subject to a
NCUA Clarifies Implementation of New Federal Credit Union Board Meeting Requirements Read More »
John Crews has been nominated to serve as a member of the National Credit Union Administration (NCUA) board for a term expiring August 2, 2031. Crews currently serves as Deputy Assistant Secretary for Financial Institutions Policy at the U.S. Department of the Treasury, where he oversees policy matters impacting financial institutions and the broader regulatory
Treasury Deputy Assistant Secretary John Crews Nominated to NCUA Board Read More »
Today’s U.S. Supreme Court action was procedural and brief: the justices did not block California’s newly drawn congressional districts approved via Proposition 50. That means, for now, the new district boundaries can be used in the 2026 midterm elections while legal challenges proceed in the lower courts. Proposition 50 is a California ballot measure approved
In 2026, President Trump has been much more vocal on credit card programs. Specifically, he called on Congress to pass a resolution that caps credit card interest rates at 10% and issued an announcement via social media that he supports the Credit Card Competition Act (CCCA). Since these public announcements, Congressional leaders have taken steps
10% Interest Rate Cap & CCCA – Congressional Action Read More »
Last week’s House Financial Services Committee convened top banking regulators to examine supervisory and regulatory developments, rulemakings, and activities of the prudential regulators. For credit unions, the hearing underscored both risk and opportunity: rising political interference threatens the stability of the system, yet renewed attention to tailored regulation, CDFIs, and credit-union liquidity tools signals potential
Today, Governor Lombardo called the Legislature into special session to revisit several major policy items left unresolved in the 2025 regular session. The special session to begin on Thursday, November 13th at 10am. The Governor’s formal proclamation sets the agenda and limits the policy topics that will be considered. The special session will consider legislation
The longest federal government shutdown in history continues. Thankfully, credit unions have been are the forefront of offering relief. Across California and Nevada, over 100 credit unions are offering specialized support for federal employees and those impacted by potential delays in benefit payments, like the Supplemental Nutrition Assistance Program (SNAP). While credit unions invest in
Today’s National Credit Union Administration (NCUA) Board meeting marked a pivotal moment in the agency’s governance, as Board Members Todd Harper and Tanya Otsuka officially returned to their posts following a recent federal court ruling. Their reinstatement restores the NCUA Board to its full, three-member structure. Board Members Harper and Otsuka were reinstated after a
Following Court Ruling, Harper and Otsuka Rejoin NCUA Board Meeting Read More »
Good afternoon, California and Nevada! June was a jam-packed month for PAC activity, and we have some exciting news to share! The results are in for the June 30×30 Summer Sweepstakes, and we’re thrilled to announce the winner of the Nespresso VertuoPlus Bundle prize: Kevin Alsup of Pacific Service Credit Union – congratulations, Kevin! In
June 30 X 30 Update & Upcoming Summer PAC Events! Read More »
