Despite slowdowns in a number of economic indicators in the first quarter, credit union loan and membership growth posted solid gains in March, according to CUNA’s monthly estimates.
Rep. Steve Pearce (R-N.M.), along with Rep. Brad Sherman (D-Calif.), introduced a bill last week that would provide a temporary delay in enforcement and a liability safe harbor period under the Consumer Financial Protection Bureau’s (CPFB) Truth in Lending Act-Real Estate Settlement Procedures Act (TILA-RESPA) integrated disclosures rule. The rule currently has an implementation date of Aug. 1; the bill would put a safe harbor in place until Jan. 1, 2016.
Recognizing the success credit union advocates have had getting data breach legislation introduced by Congress, CUNA launched an Action Alert Monday to support the U.S. House Data Security Act of 2015 (H.R. 2205).
Reminding Bloomberg Radio listeners that the current cap on credit union member business lending is “arbitrary” in the first place, CUNA President/CEO Jim Nussle also underscored that the lending limit stands in the way of credit unions getting additional capital into the economy.
Eight new member credit unions have joined the Cornerstone Credit Union League, which consolidated the state associations of Arkansas, Oklahoma and Texas two years ago to provide greater service to credit unions and enhance the relevance of the association.
CUNA’s new collaborative news website, news.cuna.org, provides the best of both the daily online news service, News Now, and creditunionmagazine.com--the website of CUNA’s flagship monthly publication, Credit Union Magazine.