CUNA compliance staff has updated its MLA fee comparison spreadsheet for the second quarter of 2018. CUNA launched this resource in October to help credit unions determine which fees are considered “reasonable and bona fide” under the MLA.
CFPB regulations should be appropriately tailored and based on data, CUNA Chief Advocacy Officer Ryan Donovan wrote in a Credit Union Journal op-ed that appeared Friday, noting that credit unions need more relief from the bureau.
Following the years of effort it took for S. 2155 to be constructed, introduced and signed into law, CUNA President/CEO Jim Nussle said credit unions are continuing to build on that momentum toward additional relief.
Dozens of Kansas and Missouri credit union leaders spoke on behalf of their members’ interests during a roundtable discussion Thursday for credit unions with Mick Mulvaney, acting director for the Bureau of Consumer Financial Protection.
CUNA supports the creation of a robust, comprehensive reassigned numbers database, it wrote to the FCC Thursday. CUNA has raised the issue of reassigned numbers as part of other concerns with the TCPA.
CUNA wrote House leadership in opposition to a bill that would make rescissions from a part of the Treasury’s Community CDFI Fund. The bill would rescind $141 million from the CDFI Fund’s Capital Magnet Fund.
CUNA Chief Advocacy Officer Ryan Donovan said a multimember commission leading the CFPB would provide more consistency for the entities affected by bureau activities Wednesday, in response to the bureau restructuring its outreach activities.
Credit union-supported candidates found success during Tuesday’s primaries across eight states, including several in notable and competitive races. Candidates are supported by state leagues, CUNA and the Credit Union Legislative Action Council.
The CFPB should look closely at the impact its rule would have on credit unions and ways to reduce regulatory burdens, CUNA wrote to a House Financial Services subcommittee on financial institutions and consumer credit Wednesday.
The American Bankers Association filed a cross-appeal in response to NCUA’s appeal of the ruling regarding NCUA’s FOM rule. CUNA strongly supports NCUA’s appeal and believes the court erred in its finding that NCUA overstepped its authority
The signing of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) represented the culmination of a years-long advocacy process, CUNA President/CEO wrote in CU Journal in the wake of the bill’s passage.