More than 300 credit union compliance professionals from 237 credit unions and more than 20 associations attended last week’s CUNA/NASCUS BSA Conference to get the latest information on BSA compliance from regulators, attorneys and other compliance professionals.
The CFPB published its final short-term, small-dollar loan rule in the Federal Register Friday, much-improved over the proposed rule after advocacy from CUNA, leagues, credit unions, a big win for the credit union movement.
The Senate Tax Committee passed its tax reform bill late Thursday night, a bill that leaves the credit union tax status unchanged. The bill, the Tax Cuts and Jobs Act, is expected to see Senate consideration the week after Thanksgiving.
The NCUA board unanimously finalized rules on appeals and the Supervisory Review Committee at its board meeting Thursday, and issued a request for information and a proposal on establishing stress testing tiers.
CUNA recognizes NCUA has made improvements to its budget process reflected in this year’s proposed budget, CUNA Vice President of Research and Policy Analysis Mike Schenk told the agency during its budget briefing Wednesday.
CUNA Vice President of Research and Policy Analysis Mike Schenk and Cooperative Credit Union Association President/CEO Paul Gentile, who chairs CUNA’s examination and supervision subcommittee, will be among the presenters at Wednesday’s NCUA budget briefing.
CUNA encouraged Congress to consider ways consumers’ personal data could be put at risk in a letter to Senate Banking Committee leadership Tuesday, for the record of the committee’s hearing on consumer data security and credit bureaus.
CUNA President/CEO Jim Nussle reached out to CUNA members Tuesday morning to encourage credit unions to protect themselves from predatory litigation stemming from the Americans With Disabilities Act and recommend resources to help.
CUNA wrote in support of legislation Monday that is a step forward in addressing the threat of litigation under the Americans With Disabilities Act, urging legislators to consider how credit unions are being impacted by frivolous litigation.
Only the Senate is in session this week, and CUNA will be engaged with budget resolution discussions and a hearing on the Equifax data breach. The budget is the precursor to an eventual vehicle for tax reform.
Credit union concerns with the CFPB's arbitration rule were highlighted in an op-ed in the Juneau Empire, concerns that the rule is inappropriate for credit unions and could deprive consumers of a legal option.
After weeks of hurricanes, and now wildfires, it’s more important than ever for credit unions to be prepared for disasters. Federally insured credit unions are required to have disaster recovery and business resumption plans.
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.