When a local attorney signed up for her local legal clinic's National Celebration of Pro Bono event at the homeless shelter, she was just planning to get in a few pro bono hours at the end of the year. After helping three homeless youth fill out forms to obtain ID and access educational services, she was hooked and now provides pro bono services on a regular basis.
NCUA Insurance Coverage for IOLTA Accounts in Credit Unions
On December 11, 2014, the U.S. Senate passed a bill (known as the Credit Union Share Insurance Fund Parity Act) that provides the same level of insurance coverage for IOLTA accounts held at credit unions that the FDIC provides for IOLTA accounts held at banks. The bill previously had been passed by the House of Representatives on May 6, 2014. It was signed into law by the President on December 18, 2014.