Changes are needed regarding how the Bureau of Consumer Financial Protection handles complaints, CUNA told the bureau in response to its request for information on the consumer complaint and inquiry process.
New warranty and indemnity rights, liabilities and obligations under Regulation CC became effective July 1, creating a new Remote Deposit Capture Indemnity to address the allocation of liability when it accepts remote deposit capture.
CUNA urged the BCFP Friday to regularly assess its overall complaint system for compliance burden relief opportunities, in response to a bureau request to OMB to renew information collection associated with its Company Portal.
Credit union-supported candidates found success during Tuesday’s primaries across eight states, including several in notable and competitive races. Candidates are supported by state leagues, CUNA and the Credit Union Legislative Action Council.
The CFPB should look closely at the impact its rule would have on credit unions and ways to reduce regulatory burdens, CUNA wrote to a House Financial Services subcommittee on financial institutions and consumer credit Wednesday.
The American Bankers Association filed a cross-appeal in response to NCUA’s appeal of the ruling regarding NCUA’s FOM rule. CUNA strongly supports NCUA’s appeal and believes the court erred in its finding that NCUA overstepped its authority
The signing of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) represented the culmination of a years-long advocacy process, CUNA President/CEO wrote in CU Journal in the wake of the bill’s passage.
The FHFA should review all of its existing regulations for potential improvements, CUNA wrote to the agency Monday in response to the FHFA’s regulatory review plan, which it voluntarily conducts every five years.
Both chambers of Congress are back in Washington, D.C., and CUNA is engaged with a number of activities this week, including a Wednesday House subcommittee hearing on the Bureau of Consumer Financial Protection.
CUNA urged the Bureau of Consumer Financial Protection to revisit its complaint intake system’s processes Monday in response to a bureau request for information on its public reporting practices of consumer complaint information.
Tuesday marks the busiest primary day of the 2018 election cycle, and credit unions are supporting dozens of friendly candidates in eight states, including competitive races in California, Mississippi, Alabama and New Jersey.
CUNA continued its aggressive defense of credit unions hit with predatory lawsuits claiming violations of the ADA by filing two briefs, one in the Southern District of Ohio and one in the Southern District of Texas.