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.
The FHFA should review all of its existing regulations for potential improvements, CUNA wrote to the agency Monday in response to the FHFA’s regulatory review plan, which it voluntarily conducts every five years.
Both chambers of Congress are back in Washington, D.C., and CUNA is engaged with a number of activities this week, including a Wednesday House subcommittee hearing on the Bureau of Consumer Financial Protection.
CUNA urged the Bureau of Consumer Financial Protection to revisit its complaint intake system’s processes Monday in response to a bureau request for information on its public reporting practices of consumer complaint information.
Tuesday marks the busiest primary day of the 2018 election cycle, and credit unions are supporting dozens of friendly candidates in eight states, including competitive races in California, Mississippi, Alabama and New Jersey.
CUNA continued its aggressive defense of credit unions hit with predatory lawsuits claiming violations of the ADA by filing two briefs, one in the Southern District of Ohio and one in the Southern District of Texas.
CUNA moved into its new office space in Washington Monday, relocating from Pennsylvania Avenue to 99 M St SE, remaining the only national credit union trade association located in the nation’s capital.
Comments on the final few CFPB requests for information, as well as on the FCC’s reassigned numbers proposal, are due in June. CUNA released its comprehensive white paper earlier this week addressing the bureau’s RFIs.
CUNA, league and credit union plaintiffs filed an amended complaint Wednesday in their lawsuit against Equifax, providing significantly more detailed factual allegations demonstrating Equifax’s active failure to properly secure data.