CUNA launched the second phase of its nationwide grassroots advocacy support of the Senate’s bipartisan regulatory relief bill (S. 2155) this week, after urging Senate leaders last week to give the bill floor consideration.
The CFPB announced Tuesday it intends to engage in a rulemaking process to reconsider its short-term, small-dollar loan rule. The bureau finalized the rule in October 2017, and CUNA’s advocacy resulted in major improvements.
Action is expected this week on several CUNA-backed bills, including House consideration of Rep. Tom Emmer's (R-Minn.) Home Mortgage Disclosure Adjustment Act, which would provide credit unions with HMDA reporting relief.
The Heartland Credit Union Association will join the class-action lawsuit against Equifax, it announced Tuesday. CUNA filed its lawsuit in October, in response to a data breach that exposed information of 145 million consumers.
In addition to CUNA’s compliance resources such as CompBlog other materials, CUNA’s compliance staff fields questions regularly. Here are some of the most commonly asked questions and answers from CUNA compliance staff.
The Senate’s bipartisan regulatory relief bill offers real, tangible benefits to credit unions and their members, writes Charles Albrecht, CEO of Mid-Minnesota FCU, Baxter, Minn. in an op-ed appearing in the Brainerd Dispatch.
The U.S. District Court for the District of Columbia ruled in favor of CUNA’s position Wednesday that President Donald Trump has the authority to appoint a director of the Consumer Financial Protection Bureau.
As CUNA continues to push for solutions to credit unions facing legal threats on website accessibility under the Americans With Disabilities Act, it has launched an advocacy page outlining the situation and steps CUNA is taking.
It is important to strike a balance between costs to financial institutions and the benefits of Bank Secrecy Act, anti-money laundering and Office of Foreign Assets Control regulations, CUNA wrote to Senate Banking Committee leadership.