CUNA President/CEO Jim Nussle wrote to Tresaury Secretary Steven Mnuchin Thursday, providing additional information about how regulations can be more manageable for credit unions. The letter was a follow-up to the roundtable Treasury conducted on financial regulations.
The House Financial Services Committee will conduct a second day of hearings on Rep. Jeb Hensarling’s (R-Texas) Financial CHOICE Act, after a hearing was conducted Wednesday. Friday’s hearing is scheduled to begin at 9:15 a.m. (ET).
CUNA will join forces with the National Credit Union Foundation Friday for Financial Literacy Day on Capitol Hill, an event sponsored by the Foundation. Representatives for CUNA and the Foundation will be on hand.
Speaker of the House Paul Ryan (R-Wis.) visited Landmark CU, New Berlin, Wis., this month, meeting with the leadership team and taking a tour. Credit union visits are an essential part of CUNA’s Campaign for Common-Sense Regulation.
The CFPB issued a proposal designed to facilitate compliance with the 2015 updates to the HMDA rule. Initial CUNA analysis suggests the changes will be favorable for credit unions, and CUNA will continue to examine the proposal.
Grants and other awards from the Treasury Department are essential for Community Development Financial Institution credit unions to serve their communities. Those credit unions are using CUNA’s Member Activation Program to tell their CDFI stories.
Credit union supporter and volunteer Ron Estes was elected to Congress representing Kansas’s 4th Congressional District Tuesday in a special election. Estes previously served on the Assets and Liabilities Committee of MidAmerica CU, and took 53% of the vote.
CUNA released the final of 3 videos Tuesday designed to engage stakeholders and policymakers on social media regarding CUNA’s Campaign for Common-Sense Regulation. CUNA and its league partners urge credit unions to use the hashtag #CommonSenseReg when sharing.
CUNA released new resources Tuesday for its Campaign for Common-Sense Regulation toolkit, resources designed to make it easier for stakeholders to engage on the need for regulatory relief, including a look at how credit unions are engaging their members.
With just over 2 weeks remaining until government funding expires, the Federation of Community Developing Credit Unions is pushing for full funding of the CDFI Fund by highlighting positive things accomplished with CDFI funds.
An updated cybersecurity framework should not create additional requirements, nor should it apply a one-size-fits-all approach for credit unions to demonstrate readiness, CUNA and the ICBA wrote Monday in response to a proposed update of cybersecurity framework.
The NCUA provided guidance on updated compliance risk indicators, which incorporate the principles of the Consumer Compliance Rating System. The updated compliance risk indicators detailed in NCUA's recent letter focus on three areas and specific factors within each area.
The DOL published its 60-day delay of its fiduciary rule in the Federal Register Friday, extending the effective date to June 9. The rule expands the definition of who is a “fiduciary” of an employee benefit plan.
The second phase of Same Day ACH rollout has a Sept. 15 effective date, and a list of recommended action items to be performed has been released. All financial institutions must be prepared to receive by Sept. 15.
As Congress works this week to fund the government past April 28, CUNA will be engaged in the process as it seeks to see 2 particular issues addressed: funding for CDFIs and the CFPB's exemption authority.