The JOBS and Investor Confidence Act of 2018 (S. 488) passed the House of Representatives in a 406-4 vote on Tuesday. Title XVII of the House Amendment would delay the risk-based capital rule recently finalized by the National Credit Union Administration (NCUA).
CUNA issued a letter urging House leadership to Title XVII of the House Amendment to S. 488, the JOBS and Investor Confidence Act of 2018, which would delay the risk-based capital rule recently finalized by NCUA.
CUNA joined other trade associations in sending a letter to House leaders urging the adoption of an amendment to the Financial Services and General Government appropriations bill to prohibit the U.S. Postal Service from providing banking services.
CUNA Monday sent a letter to the House subcommittee on Financial Institutions and Consumer Credit regarding the subcommittee’s hearing upcoming on, “Examining Capital Regimes for Financial Institutions.”
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.