Yesterday, Sen. Elizabeth Warren, D-Mass., released a modified version of her comprehensive housing reform bill, the American Housing and Economic Mobility Act of 2019. While the updated legislation would not subject credit unions to Community Reinvestment Act (CRA) regulations, the bill would introduce new regulatory burdens for some community chartered credit unions and credit unions that seek to add underserved areas.“We thank Senator Warren for updating her legislation to no longer subject credit unions to CRA regulations, which were designed to prevent banks from engaging in discriminatory lending practices,” said NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt. “Additionally, we appreciate that the bill seeks allow all types of credit unions to add underserved areas to their fields of memberships. However, we have concerns about the new regulatory and examination burdens that would be placed on credit unions that add underserved areas.“While the bill makes improvements over the previous version, NAFCU continues to have concerns about some of the language as we want to ensure that credit unions that want to assist communities that other institutions have left behind are not subject to new CRA-like regulations, just under a different name. There’s absolutely no reason for credit unions to be subject to new regulations.” ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »
Arthur JohnsonArthur M. Johnson, 87, of Oxford died Saturday, June 25, 2016 at the Kansas Veterans Home in Winfield.Funeral Services will be held at 10 a.m., Wednesday, June 29, 2016 at the Oxford Christian Church. Visitation will be held on June 28, 2016 from 12 until 8 p.m., with the family receiving friends from 5 to 7 p.m. at Oxford Funeral Service Chapel. Memorials have been established with the Kansas Veterans Home and Oxford Church of Christ and may be left with Oxford Funeral Service. Burial will be at the Oxford Cemetery. Arrangements are with Oxford Funeral Service. For further information please visit www.oxfordfuneralservice.com.Arthur Milton Johnson was born on February 4, 1929, the son of John and Ruth (Putnam) Johnson in Spencer, NE. He was known to his family and friends as Art or Johnny. He graduated from Spencer Nebraska High School in 1946 and joined the U.S. Air Force in 1948 and was a training mechanics instructor. Following service he worked briefly for Oâ€™Neill Outlaw Grocery and then for H.C. Leach Oil Field Construction. He worked on in-flight refueling and rebuilding helicopters during the Vietnam War.Art was also a defense contractor administrator as the regional manager of DCAâ€™s quality assurance completing 33 years of civil service. On March 3, 1951 Art was united in marriage to Margaret Leach. They lived in Electra, TX, Oâ€™Neill, NE, Holliday, TX, and Amarillo before moving to Oxford, KS in 1973. Art was a member of the Oxford Church of Christ.Art is survived by his three children: Larry Johnson and his wife Linda of Winfield, Gary Johnson and his wife Susan of Oxford, and Susan Spoon and her husband Robert of Oxford; grandchildren: Jonathan Johnson and his wife Abby ofÂ Dexter, Daniel Spoon and his wife Stephanie of Oxford, Kaly Spoon of Oxford, Seth Johnson of Derby, Aaron Johnson and his wife Eden of Clearwater, Kaydee Johnson and Laura Riggs of Winfield, and Zac Johnson of Oxford, Jessica Lucas of Lawrence, Nick Lucas of Wellington, and Mary Lucas of Winfield; great grandchildren: Keaton and Charlee Johnson, Grayson Drake, Kase and Kale Johnson, Reignor Abasolo, Mary Tyler, Corbin and Carson Lucas; two sisters: Helen and Duane Bolliger and Caroline Rossi and one brother, Leo Johnson.He is preceded in death by his parents, his loving wife, Margaret, two brothers: Carlton â€œBuckâ€ Johnson and Kenny Johnson, and 3 sisters: Evelyn Liable, Nancy Gamble and Opal â€œSoapyâ€ Miller.