CUNA Chief Economist Mike Schenk recognized NCUA’s continuing improvements in its budget process Wednesday while presenting at NCUA’s budget briefing. The NCUA’s proposed 2019 operating budget is $304.4 million.
Credit Union Legislative Action Council, the federal PAC of CUNA, is launching its first round of independent expenditures for the 2018 midterm election cycle. The IEs are being launched in various stages throughout the week.
CUNA, the Financial Services Financial Services Information Sharing and Analysis Center and Financial Services Sector Coordinating Council will conduct a webinar Oct. 17 at 2 p.m. (ET) on easy and effective cyber-exercises.
CUNA supports NCUA’s proposal to provide regulatory relief through amendments to regulations regarding loans and lines of credit to members, it wrote Thursday while calling for NCUA to go further in several areas to provide regulatory relief.
CUNA, in conjunction with the Bureau of Consumer Financial Protection, will host a free webinar Wednesday at 11 a.m. (ET) to discuss technical implementation of the August HMDA interpretive rule. Registration is open.
FinCEN joined federal financial regulators, including NCUA, last week to issue a joint statement on sharing BSA resources that addresses the benefits of financial institutions entering into collaborative BSA/AML arrangements.
America’s credit unions were on full display last weekend at the National Cooperative Business Association’s Co-op Festival on the National Mall. CUNA, league and credit union volunteers staffed a tent with a money machine and prize wheel.
CUNA President/CEO Jim Nussle and Deputy Chief Advocacy Officer for Policy Analysis Mike Schenk addressed the state of credit unions and opportunities for the future at the Competitive Enterprise Institute.
The FCC has issued a proposal seeking further comment on the definition of an autodialer under the TCPA. CUNA has called on the FCC to clarify the definition of autodialer in a May petition to the FCC.
While the goal of S. 3503 is laudable, its provision to extend the CRA to credit unions runs counter to the goal of increasing access to credit. CUNA President/CEO Jim Nussle wrote to all 100 Senators Wednesday.
Sen. Elizabeth Warren’s (D-Mass.) proposal to place credit unions under the Community Reinvestment Act would be a step backward in access to affordable mortgage credit, CUNA Chief Advocacy Officer Ryan Donovan wrote in The Hill Wednesday.