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.
The upcoming Spring recess, with members of Congress in their home districts, is the perfect time for credit unions to engage their members of Congress, CUNA Chief Advocacy Ryan Donovan says in this week’s Advocacy Update.
CUNA continues building momentum for its bipartisan, pro-consumer Campaign for Common-Sense Regulation with the release of a campaign video last week, with 2 more to come. CUNA urges credit unions to share and use the hashtag #CommonSenseReg.
CUNA’s compliance staff continued its look into the NCUA’s new member business lending rule last week with a CompBlog entry looking at personal guarantees. The removal of the personal guarantee requirement became effective in May 2016.
More than 15,000 runners took to the streets around the Washington Monument bright and early Sunday morning for the Credit Union Cherry Blossom Ten Mile Run, which resulted in a $580,485 check being presented to Children’s Miracle Network Hospitals.
Seventy-one members of Congress wrote to House appropriations leaders this week requesting the CDFI Fund receive its full $250 million in fiscal year 2017. CUNA sent its own letters to House and Senate appropriators this week, calling for full funding.
Within Sunday’s Credit Union Cherry Blossom Ten Mile Run, more than 540 Congressional staffers will be participating in the annual Cherry Blossom Capitol Hill Competition. House and Senate staffers will compete for the Capitol Hill Cup.
CUNA issued an action alert today to CDFI credit unions to engage with Congress and members to ensure a funded CDFI Fund which is used for grants and other awards and has been marked for elimination in budget outlines.
Seventeen members of Congress wrote to House appropriators requesting language on the CFPB’s exemption authority be included in the fiscal year 2017 FSGG Appropriations bill. Clarifying this authority is a major goal of CUNA’s Campaign for Common-Sense Regulation.
CUNA wrote to House and Senate Appropriations Committee leaders Wednesday urging full funding for the CDFI Fund, for which the Donald Trump administration has requested Congress to eliminate funding. The fund makes grants, investments and awards to certified CDFIs.
CUNA urged the FinCEN to ensure any regulatory changes it pursues relating to the collection of information filings be as minimally burdensome on credit unions as possible. CUNA’s letter was sent in response to proposed revisions to information collection.
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.