CUNA Board Chair Susan Streifel, addressing the opening general session of the combined America’s Credit Union Conference and World Council of Credit Unions Conference Sunday, called on her international audience of credit union leaders and advocates to renew their commitment to making credit unions the best financial partners for people in this country and around the world.
“We believe that it is in the interest of humanity that global policymakers and regulators understand credit unions, that they note the value of member-oriented services credit unions provide and that they support the diversity which, thanks to credit unions, is a benefit not just to credit union members, but to all consumers.”
President Barack Obama sent greetings Thursday to those celebrating International Credit Union Day. CUNA worked closely with the White House on the statement, and a number of credit union-friendly legislators also weighed in with the White House.
The NCUA’s revised supervisory approach to interest rate risk is covered in a recent Letter to Credit Unions (16-CU-08). The new standardized approach is designed to increase focus and resources toward higher risk credit unions.
CUNA has several major concerns with a CFPB proposal regarding disclosure of records and information. Specifically, the proposal would make changes to regulations regarding confidential supervisory information, confidential investigative information and the Freedom of Information Act.