Michael Ogden

Austin

Editor-in-Chief at Credit Union Times

Host at Shared Accounts with CU Times

Just here to follow news, reporters, comedians and musicans. Cleaned out the account. Stopped posting in 2020. Why? B/C it's a healthier existence.

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Articles

Senators Demand Answers From NCUA Over Legality of Solo Board Actions

1 week ago | cutimes.com | Michael Ogden

Lawmakers seek legal justification for NCUA decisions made after Trump’s removal of two board members left agency without a quorum. elizabeth warren U.S. Senators Elizabeth Warren and Maxine Waters are calling on NCUA Chairman Kyle Hauptman to explain the legal basis for recent agency actions carried out since the controversial firings of two NCUA Board members by President Donald Trump.
Praised by Credit Unions, GENIUS Act Passes Without Controversial Amendments

1 week ago | cutimes.com | Michael Ogden

Senate excludes interchange and rate-cap amendments, advancing bipartisan stablecoin legislation backed by credit unions and community banks. Credit: iQoncept/Adobe Stock The U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act (S. 1582) Tuesday by a 68-30 vote, advancing landmark stablecoin legislation while excluding two controversial amendments opposed by the credit union and community banking industries. The Senate rejected efforts by Sen.
CFPB Announces Rule Changes Affecting Guidance Use, Rulemaking Procedures, Civil Penalty Fund

1 week ago | cutimes.com | Michael Ogden

New rules redefine issuance procedures, expand use of supervisory guidance, and restrict Civil Penalty Fund spending on consumer education. CFPB headquarters The CFPB has issued three regulatory updates that signal notable shifts in how the agency operates, including changes to rulemaking procedures, supervisory guidance policy, and the use of Civil Penalty Fund resources.
Senate Finance Committee Preserves Credit Union Tax Exemption in Draft Bill

1 week ago | cutimes.com | Michael Ogden

Senate draft retains key financial provisions while exempting CUs from remittance tax and preserving tax-exempt status. U.S. Capitol aerial view The Senate Finance Committee released its portion of the 2025 reconciliation bill this week, with significant tax provisions impacting financial institutions, but notably, it left the credit union tax-exempt status unchanged.
Becoming Madonna

1 week ago | mymovies.it | Michael Ogden |Ronald Reagan |Dan Gilroy |Seymour Stein

Aggiungi tra i tuoi film preferiti Riceverai un avviso quando il film sarà disponibile nella tua città, disponibile in Streaming e Dvd oppure trasmesso in TV.
Harper, Otsuka Cite Federal Ruling in Latest Court Filing Defending NCUA Positions

1 week ago | cutimes.com | Michael Ogden |Peter Strozniak

New filing cites recent federal ruling to argue NCUA Board lacks independent enforcement power, reinforcing protections against politically-motivated dismissal. Credit: JaRiRiyawat/Adobe Stock In a new legal filing, former NCUA Board Members Todd Harper and Tanya Otsuka are citing a recent federal court decision to bolster their argument that their removals by President Donald Trump were unconstitutional.
Florida Lawmakers Approve Bill Modernizing Credit Union Charter

1 week ago | cutimes.com | Michael Ogden

New law brings regulatory parity, expense reimbursements, and greater flexibility to Florida's state-chartered credit unions. Ron DeSantis Florida Governor Ron DeSantis has signed into law a sweeping financial services bill that includes key reforms for state-chartered credit unions, marking a milestone in the ongoing effort to modernize Florida’s credit union framework.
Credit Union Group Urges Congress to Fund Global Cooperative Development

2 weeks ago | cutimes.com | Michael Ogden

The globe on a pile of money America’s Credit Unions is calling on Congress to allocate $50 million in Fiscal Year 2026 for international cooperative development, emphasizing the critical role credit unions play in global economic stability and crisis recovery. In a letter sent Thursday to Senate and House appropriators, including Sens. Lindsey Graham and Brian Schatz and Reps.
Federal Judge Hears Arguments in Lawsuit Over NCUA Board Member Dismissals

2 weeks ago | cutimes.com | Michael Ogden

The E. Barrett Prettyman U.S. Courthouse, home of the U.S. District Court for the District of Columbia. Photo: Diego M. Radzinschi/ALM A federal judge on Wednesday heard oral arguments in the high-profile lawsuit brought by former NCUA Board Members Todd Harper and Tanya Otsuka, who allege their removal by President Donald Trump in April violated federal law and the Constitution’s separation of powers. Harper and Otsuka were both in the courtroom for Thursday's hearing. U.S. District Judge Amir H.
Connecticut Updates Credit Union Statutes With New Law Covering Lending, Charitable Giving, Governance

2 weeks ago | cutimes.com | Michael Ogden

Connecticut State Capitol building in Hartford. Photo by Michael Marciano/ALM Gov. Ned Lamont has signed into law Public Act 25-37, a sweeping update to Connecticut’s credit union statutes that modernizes rules surrounding nonmember payments, member business loans, charitable contributions, and insider credit policies. The new law, originally introduced as Substitute House Bill 7083, takes effect July 1 and was designed to bring clarity and flexibility to credit union operations across the state.