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.
CUNA, along with state leagues, has launched a nationwide grassroots effort to support the bipartisan Senate regulatory relief bill introduced last week. The bill, S. 2155, is aligned with the goals of CUNA’s Campaign for Common-Sense Regulation.
CUNA applauded NCUA’s effort, intent and approach present in its regulatory reform agenda recommended by an internal agency task force, an agenda that includes changes that would be considered over the next four years.
The Senate Appropriations Committee released its draft financial services and general government funding package Monday, which includes a number of significant wins for credit unions, including placing the CFPB under the appropriations process.
CUNA wrote to five Senators Monday to support their bipartisan bill that contains regulatory relief provisions for credit unions. The Economic Growth, Regulatory Relief and Consumer Protection Act addresses several goals of CUNA's Campaign for Common-Sense Regulation.
More than 300 credit union compliance professionals from 237 credit unions and more than 20 associations attended last week’s CUNA/NASCUS BSA Conference to get the latest information on BSA compliance from regulators, attorneys and other compliance professionals.
The CFPB published its final short-term, small-dollar loan rule in the Federal Register Friday, much-improved over the proposed rule after advocacy from CUNA, leagues, credit unions, a big win for the credit union movement.
The Senate Tax Committee passed its tax reform bill late Thursday night, a bill that leaves the credit union tax status unchanged. The bill, the Tax Cuts and Jobs Act, is expected to see Senate consideration the week after Thanksgiving.
The assessment process is the shoulders in which all BSA/AML programs sit upon, Jim Vilker of CU Answers said Wednesday at the CUNA/NASCUS BSA Conference, explained how credit unions should ensure risk assessments are comprehensive.
Serving money services businesses can be a hard decision to make, but current technology is making compliance more achievable, John Vardaman, of Hypur told attendees Wednesday at the CUNA/NASCUS BSA Conference.
The NCUA board approved the agency’s 2018-2019 budget, OTR methodology and a final corporate credit union rule at its meeting Thursday. The meeting also featured the final quarterly update on the stabilization fund, which was closed Oct. 1.