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The 129th Legislature is in full swing in Augusta with public hearings and work sessions as legislators work on bills in respective committees. The League has…
Legislature Acknowledges April as Fostering Financial Education Month
The Legislature issued a joint resolution acknowledging April as Fostering Financial Education Month. The resolution highlights the importance of providing opportunities for students to learn…
Legislature Considers Foreclosure Bills
On April 24, the Legislature’s Judiciary Committee held public hearings on four foreclosure bills. For each bill, the League offered testimony “Neither For Nor Against” and cautioned the…
Senator King Announces Support for SAFE Banking Act
Last week, Senator Angus King announced his support for the Secure and Fair Enforcement (SAFE) Banking Act of 2019, a bipartisan bill to ensure legal cannabis businesses…
Oral Arguments Begin in NCUA’s Appeal on FOM Rule
CUNA attended oral arguments Tuesday before a three-judge panel of the D.C. Circuit Court of Appeals in American Bankers Association’s ongoing legal challenge to the…
League Opposes Legislation Harming Creditors’ Rights
On April 17, the League testified before the Legislature’s Committee on Judiciary in opposition to L.D. 1053, “An Act To Reduce the Period of Enforcement for…
Overdraft Suits an Issue to Watch
CU Today reports on the growing number of lawsuits that are being filed against credit unions over their overdraft practices.
League-backed Bill Signed By Governor Mills
On April 2, Governor Mills signed L.D. 566, “An Act to Protect Vulnerable Adults from Financial Exploitation,” into law. The League testified in support of this…
CU Tax Status is One of the Best Gov’t Investments
On Tuesday, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices to tell them the credit union tax status is one of…
Cybersecurity News: A Fed Weakness & Banking Trojan Named Gustuff
(From Credit Union Times) – Catching up on a couple of banking related cybersecurity related news items and reactions includes a focus on a Federal…
Data Privacy Requires Security: CUNA to House, Senate Subcommittees
CUNA continued its push for Congressional action on data privacy and security and submitted letters to House and Senate subcommittees prior to legislative hearings.
League Testifies in Support of Breakfast After the Bell Legislation
The League was in Augusta on Monday to testify in support of L.D. 359, “An Act to Address Student Hunger with a Breakfast After the…
Waters Schedules Committee Votes on Cannabis Banking, CFPB Bills
House Financial Services Committee Chairwoman Maxine Waters has scheduled a vote next week on a bill aimed at enabling financial institutions to provide services to…
Governor Mills Signs L.D. 242 into Law
On March 7, Governor Mills signed L.D. 242 “An Act To Amend the Laws Governing Multiple-party Accounts with Financial Institutions.” The bill, which was supported by…
CUs Spend Productive Week in DC at CUNA GAC
Representatives from Maine credit unions, the League, and members of the state legislature convened in Washington, DC, this week as part of CUNA’s annual Governmental…
League Supports Bill to Protect Seniors from Financial Exploitation
The League recently testified at a hearing in Augusta in support of a bill to protect vulnerable adults from financial exploitation.
NCUA Board Approves Share Insurance Equity Distribution in 2019
The National Credit Union Administration Board approved a $160.1 million equity distribution from the National Credit Union Share Insurance Fund that will be paid to…
Robust Security Standards Needed for Data-Handling Entities
Earlier this week, CUNA weighed in with the House Homeland Security subcommittee about data security requirements. CUNA also called on Congress to work with the administration…
Maine Credit Unions Head to GAC
Next week, credit unions from across the country will gather in Washington, DC, for the annual CUNA Government Affairs Conference (GAC). 106 representatives from local…
Robert Caverly to Serve as New League Vice President of Governmental Affairs
The League is pleased to welcome Robert Caverly as the new Vice President of Governmental Affairs. In this role, Robert will lead the League’s lobbying…
Over $106,000 Raised Last Year to Support CULAC
Credit union employees and volunteers in Maine raised $106,989 in 2018 to support CULAC, the credit union Political Action Committee (PAC).
Save the Date: CULAC Dress Down Week Happens March 11 – 15
Next month, credit unions across Maine will be Dressing Down for CULAC.
CUNA Stresses Need for ADA Lawsuit Solution to New AG Barr
CUNA wrote to Attorney General William Barr to call attention to the legal threats facing credit unions due to uncertainty with how the Americans With…
Ellen Parent Joins League as the New Regulatory & Legislative Advocacy Coordinator
The League is pleased to announce the arrival of Ellen Parent as the League’s new Regulatory & Legislative Advocacy Coordinator. Ellen will fill a critical role…
Save the Date: Credit Union Day in Augusta
It’s that time of year again – time to join your League and other credit union officials from across Maine in Augusta on Thursday, March…