CUNA will be engaged with several Congressional hearings this week. The House is expected to consider the FAA Reauthorization Act of 2018, and the Senate may consider the nomination of Mike Pompeo to be Secretary of State.
Thursday, April 19 marked the effective date of amendments to the CFPB's mortgage servicing rules. Confirmed successors in interest are now entitled to the same protections available to borrowers under both Reg Z and Reg X.
Credit union issues were addressed by House Financial Services Committee members and CFPB Acting Director Mick Mulvaney during his testimony Wednesday, including several statements that are consistent with CUNA’s vision for the CFPB.
While CUNA and credit unions are suppor of NCUA’s vision for future examination and supervision, small credit unions often face heavier burdens, CUNA’s Small Credit Union Committee wrote to the NCUA board Wednesday.
Regulatory burdens are impeded consumer access to credit, CUNA's Mike Schenk told the Washington Examiner this week, when discussing the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act as it awaits House consideration.
The Wisconsin Credit Union League, in conjunction with the Wisconsin Bankers Association, sent letters to the entire state congressional delegation, urging them to support the Economic Growth, Regulatory Relief and Consumer Protection Act.
The Treasury’s Office of Critical Infrastructure Protection and Compliance Policy is inviting credit unions to attend a roundtable it will host on the information security risks posed to small financial institutions May 7.
The NWCUA joined with leaders of state banking associations in Idaho, Oregon and Washington to push members of Congress from those states to support the Economic Growth, Regulatory Relief and Consumer Protection Act.
CUNA will be heavily engaged with CFPB Acting Director Mick Mulvaney’s appearances before Congress this week. He is scheduled to testify before the House Financial Services Committee Wednesday and the Senate Banking Committee Thursday.
CUNA joined more than 20 financial services trade organizations Monday to support legislation to replace the CFPB single director with a bipartisan, five-member commission, the bipartisan Financial Product Safety Commission Act.