CUNA applauded NCUA’s effort, intent and approach present in its regulatory reform agenda recommended by an internal agency task force, an agenda that includes changes that would be considered over the next four years.
The Senate Appropriations Committee released its draft financial services and general government funding package Monday, which includes a number of significant wins for credit unions, including placing the CFPB under the appropriations process.
CUNA wrote to five Senators Monday to support their bipartisan bill that contains regulatory relief provisions for credit unions. The Economic Growth, Regulatory Relief and Consumer Protection Act addresses several goals of CUNA's Campaign for Common-Sense Regulation.
Consumer Financial Protection Bureau Director Richard Cordray will step down from the agency by the end of the month after serving since 2013. CUNA President/CEO Jim Nussle said CUNA looks forward to a new era at the bureau, one that takes credit unions’ structure and purpose into account during rulemakings.