CUNA applauds President for signing IOLTA into law
WASHINGTON, D.C. (December 18, 2014) — President Obama today signed H.R.3468, Credit Union Share Insurance Fund Parity Act (IOLTA), into law. H.R. 3468 will direct the National Credit Union Administration (NCUA) to issue a regulation extending share insurance to owners of the funds held in trust accounts opened and managed by credit union members.
“CUNA thanks President Obama for signing this important piece of legislation into law,” said Jim Nussle, CUNA President and CEO. “Each time the government removes barriers that hinder the operations for the nation’s credit unions it is a victory for Americans. C