Earlier this week, Governor Mills signed a bipartisan letter to Congress, urging lawmakers to take action on cannabis banking. The letter outlines support for the…
State Chamber to Host Regional Breakfast Series
Staff from the Maine State Chamber of Commerce will be traveling across Maine next week to host several free regional breakfasts to recap this year’s…
Casual Dress for CULAC Happening Next Week
Kick off summer in style at your credit union by participating in a casual dress week for CULAC June 24 – 28. The theme for…
Legalizing Pot May Be Only Way to Lift Cloud Over Pot Banking
The insertion of a marijuana banking provision into a must-pass spending bill has reinforced industry hope of legislative progress, but some analysts worry the budget…
Marijuana Banking Would Boost CU Deposits by $350 Million Over 10 Years: CBO
(From Credit Union Times) – A House bill that would provide financial institutions with a safe harbor to serve marijuana-related businesses would boost deposits at credit unions…
CU Trade Groups Oppose FCC Proposal to Crack Down on Robocalls
Credit union trade groups warned that a Federal Communications Commission plan to crack down on so-called robocalls could restrict legitimate communications between a credit union and its…
Governor Mills Signs Employee Leave Bill
LD 369, “An Act Authorizing Earned Employee Leave,” was recently signed by Governor Janet Mills and will become law 90 days after the adjournment of the…
Silent Auction for CULAC
The League’s Governmental Affairs team will be coordinating the Super Six Silent Auction for CULAC at this year’s Annual Meeting and Convention happening next week.
CUNA Supports Fight Against Senior Scams
Earlier this week, CUNA drafted a letter to Congress in support of the Stop Senior Scams Act (S. 149), a bill introduced by Sens. Bob…
Legislative Advocacy in Full Swing in Augusta
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.