Federal Government Relations
CBA Federal Government Relations
Welcome to the CBA Federal Government Relations section, where you’ll find the latest information on federal banking legislation. In addition, you can find information about federal legislative alerts. Much of the information on this page is available to members only.
Action Needed on NCUA Attempt to Expand Credit Union Membership
This past November the National Credit Union Administration (NCUA) put out a proposal for comment regarding field of membership. This proposal, by NCUA’s own account, is the most sweeping change on membership limitations in the agency’s 45-year history and goes to the basic ability of credit unions to get new customers in the door.
CBA Supports Sen. Shelby’s Regulatory Relief Bill
The CBA joined the ABA and state bankers associations as signatories on a letter supporting Senator Richard Shelby’s “Financial Regulatory Improvement Act of 2015.” The associations noted that the ability of our nation’s financial institutions to support the needs of the economy has been limited by regulatory impediments that both restrict the flexibility to serve those needs and tie up substantial internal resources on unnecessary co
CBA Sends Letter of Support for S. 1137: Protecting American Talent and Entrepreneurship (PATENT) Act
Last week the CBA sent a letter to California Sen. Dianne Feinstein urging her to support the Protecting American Talent and Entrepreneurship (PATENT) Act (S. 1137), which may come before the Committee on the Judiciary in the next few weeks. Banks of all sizes license innovation and technology to support consumer use, and, as a result, they are frequently targeted by patent trolls. Nationally, banks are now one of the top ten industries targeted by trolls.
CBA Participates in ABA Freshman Fly-In
CBA President and CEO Rod Brown, Chairman Rick Sanborn, Immediate Past Chairman Jeff Ball and Treasurer Louise Walker, joined nearly 80 bankers and state association executives from across the country, participating in the ABA’s Freshman Fly-In in Washington, D.C. last week. The fly-in is part of an effort to lay the foundation for solid and lasting personal relationships with the 71 new members of Congress and educate them about key banking issues.
CBA Shares Sen. Coburn Tax Decoder Report with Rep. McClintock
Last week, CBA shared with California Rep. Tom McClintock a recently released report by Sen. Tom Coburn (R- Okla.) that highlights and identifies more than $900 billion in giveaways throughout the Internal Revenue Code. In his Tax Decoder report, Sen.
Change in FHLB Membership Criteria Proposed; Export-Import Bank Charter Extended
The Federal Housing Finance Agency (FHFA) has proposed significant changes to eligibility for membership in the Federal Home Loan Bank (FHLB) system. Under the proposed rule, members would be required to hold 1% of assets in home mortgage loans, and they would also be required to have at least 10% of assets in residential mortgage loans on an ongoing basis, not just upon application for membership.
CBA Signs ABA/State Banking Associations’ Letter to Federal Reserve on Data Security
The CBA joined the ABA and state bankers associations as signatories on a letter to Chairman Janet Yellen and the entire board of governors of the Federal Reserve, opposing the views of Sens. Richard Durbin (D-IL) and Al Franken (D-MN) who recently called for increased scrutiny on payment card issuing banks and networks.