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CUNA is holding its annual Governmental Affairs Conference (GAC) in-person in 2022 and registration is now open! You can join your credit union colleagues in…
Grassroots Advocacy Helps in Ongoing IRS Reporting Fight
The League has been closely monitoring a proposal before Congress that would require financial institutions to report deposits and withdrawals of all business and personal…
Advocacy Update: Proposed IRS Reporting Requirements
Last week, CUNA launched a “call to action” to members in advance of a House Ways and Means Committee meeting to consider a proposal that…
New IRS Reporting Requirements Being Considered by Congress
Earlier this week, CUNA launched a “call to action” to members in advance of a House Ways and Means Committee meeting to consider the proposal,…
Bipartisan Infrastructure Package and Potential CU Impact
Earlier this week, the U.S. Senate passed a bipartisan package that will make significant investments in our nation’s infrastructure over the course of the next…
Elise Baldacci to Return to Mills’ Administration
Elise Baldacci is returning to work with Governor Mills as her Deputy Chief of Staff. The move comes at the request of the Governor to…
NAFCU, CUNA Oppose Broader Fundraising Powers for NCUA
CUNA and NAFCU urged the Senate Banking Committee to reject NCUA’s request for broader authority to raise Share Insurance Fund premiums, saying the current rules…
League Convention Provides Unique Opportunity to Support CULAC
Are you looking for another great reason to attend the League’s Annual Convention on August 19? Besides the networking opportunities, fabulous speakers, and vendor exhibits,…
Durbin Amendment Expansion Would Undermine Payments Ecosystem
CUNA joined other organizations Monday to express strong opposition to any expansion of the Durbin Amendment, which caps interchange fees. The letter was sent to leaders of…
Legislature’s Adjournment Comes with Federal Funds and a Strong Veto Pen
The First Special Session of the 130th Maine Legislature officially adjourned on Monday and the League’s Governmental Affairs team provides a brief recap of the…
Court Rules Portland’s Hazard Pay Can Take Effect in January 2022
Maine’s Supreme Judicial Court issued an opinion this week relating to Portland’s minimum wage ordinance. The high court upheld a lower court decision approving the…
Maine’s COVID-19 State of Emergency Ends While the Legislature Concludes Its Business
The League’s Governmental Affairs team provides an update on this week’s legislative activity in Augusta and the conclusion of Maine’s COVID-19 State of Emergency declaration.
The Maine Legislature Works Toward Adjournment
The League is continuing to monitor all legislative activity during the final days of the Legislature’s session and is planning to provide a full review…
State House Reopens as Legislature Aims to Finish Session
The Maine Legislature returned to the State House this week to complete their legislative work. Legislative leaders have released a schedule that has the Legislature…
CU Employee and Member Safety Act Gets Bipartisan Senate Support
Senators Tina Smith and Ben Sasse introduced a bipartisan bill, the Credit Union Employee and Member Safety Act, which would update the process of expelling…
League Monitoring Bill to End At-will Employment
Because Maine’s credit unions face many of the same challenges as other employers in the state, the League carefully monitors for legislation that could impact…
NCUA Chairman Todd M. Harper Testifies Before the Committee on Financial Services
National Credit Union Administration Chairman Todd M. Harper testified before the before the U.S. House of Representatives’ Committee on Financial Services during its “Oversight of…
League Offers Testimony On “Green Bank” Bills
This week, the League offered testimony on two green energy financing bills, LD 1556 and LD 1659. LD 1556 would create a commission to study…
SBA’s Maine Office Promotes Deputy to Director Role
Diane Sturgeon has been promoted to serve as District Director for the U.S. Small Business Administration’s Maine District Office. Sturgeon, who joined the SBA in…
Attorney General & State Securities Administrator Warn Public About New Phone Scam
Attorney General Aaron M. Frey and Securities Administrator Judith Shaw are warning the public about a new phone scam from a caller claiming to be…
SAFE Banking Act Clears U.S. House
On Monday, the U.S. House of Representatives passed the Secure and Fair Enforcement (SAFE) Banking Act in a bipartisan 321-101 vote. Maine Representatives Jared Golden…
The League’s E-Titling Bill Receives Committee Approval
The Legislature’s Transportation Committee provided their initial approval of the League’s bill, LD 645, Resolve, To Create an Electronic Titling Work Group, sponsored by Representative…
Processing Titles: An Update from Secretary of State Shenna Bellows
Several member credit unions have been in touch with the League about the Bureau of Motor Vehicles’ backlog for processing titles. The League recently asked…
The League’s E-Titling Bill Gets Praise from Maine’s Secretary of State
The League testified in support of LD 645, “Resolve, To Create an Electronic Titling Work Group,” sponsored by Representative Bruce White (D-Waterville). Secretary of State…
Maine’s Legislative Session Picks Up Steam
March continues to be a busy month for the League’s Governmental Affairs team. Testifying in support of bills, monitoring legislative activity on the supplemental budget,…