The House voted 294-129 in favor of a bill Tuesday that would provide mortgage-related regulatory relief. The Community Institution Mortgage Relief Act of 2017 (H.R. 3971) was introduced in October by Rep. Claudia Tenney (R-N.Y.).
CUNA filed an amicus brief Tuesday supporting the president’s authority to appoint an interim CFPB director under the Vacancies Reform Act. CUNA and its members have a strong interest in ensuring that the CFPB operates under proper direction.
The House passed the CUNA-backed bill Monday that would prevent regulators from requesting termination of certain accounts without a material reason. The Financial Institution Consumer Protection Act is consistent with CUNA’s bipartisan, pro-consumer Campaign for Common-Sense Regulation.
Mary Anne Bradfield will become NCUA’s Director of Public and Congressional Affairs, effective Dec. 18. Bradfield comes to the NCUA from the Small Business Administration, where she was chief of staff to the administrator.
CUNA President/CEO Jim Nussle issued an action alert to its members Thursday urging them to contact their members to push for Senate support for the bipartisan regulatory relief bill introduced earlier this month, scheduled for markup Tuesday.
NCUA’s 2018-2022 draft strategic plan is among proposals with comment deadlines in December. Comments on the plan and NCUA's advertising proposal are due Dec. 4, while comments on a stress testing proposal are due Dec. 29.
Credit Union House has long provided a “home away from home” for credit unions in the nation’s capital, but a recent partnership with Food Rescue, a nonprofit that connects donors to food banks, has resulted in hundreds of donated meals.
CUNA is continuing its advocacy push and nationwide grassroots support of the bipartisan Senate regulatory relief bill leading up to the Senate Banking Committee’s markup of the bill, scheduled to begin Tuesday.
CUNA wrote in support of a bill Wednesday that would repeal NCUA’s risk-based capital rule, currently scheduled to go into effect in January 2019, titled the Common Sense Credit Union Capital Relief Act of 2017.
A U.S. District Court in Washington, D.C. has thrown out a request for a restraining order that would block Office of Management and Budget Director Mick Mulvaney from assuming leadership as interim director of the CFPB.
The Department of Labor announced Monday its fiduciary rule will be delayed 18 months, making its effective date July 1, 2019. CUNA strongly supported this delay, noting that at least a 180-day delay would be necessary for compliance.
Acting Consumer Financial Protection Bureau Director Mick Mulvaney announced a freeze of rulemaking actions at the bureau Monday, several hours after CUNA sent a letter requesting a freeze on new rules and requirements.
CUNA has been hard at work a new website for you! We’ve been listening and have designed a site that features a better overall experience, relevant content and a fresh look, planned to launch later this week.