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.
Credit unions have until April 18 to file a claim, request to opt out or object to the settlement reached between plaintiffs and Kmart in a data breach lawsuit. A data breach was detected at Kmart in October 2014.
CUNA urged a House subcommittee Tuesday to consider the impact of regulatory burden when examining the availability of credit for consumers and small businesses, and highlighted how certain loan types have failed to recover to pre-financial crisis levels.
With the Credit Union Cherry Blossom Ten Mile set for Sunday, runners around the world will also participate in the Credit Union SacTown Run and a Freedom Run in Kuwait, with another freedom run in Germany set for April 15.
The Independent Community Bankers of America said Monday it will not appeal U.S. District Court Judge James Cacheris’ granting the NCUA’s motion to dismiss the banking trade's lawsuit against NCUA and its member business lending rule.
Both chambers of Congress are in session this week, with a number of hearings on the schedule of interest to credit unions. CUNA will be actively engaged in the hearings, and will send at least one letter for the record.
Credit unions across the country will present a $580,485 donation to Children’s Miracle Network Hospitals Sunday, the date of 2 popular, credit union-hosted races in Washington, D.C. Sacramento, Calif., along with 2 races overseas.
CUNA’s compliance staff went back to basics in a recent CompBlog entry examining floor rates on variable-rate open-end loans. These rates are governed by the Credit Card Accountability and Disclosure (CARD) Act.
The CFPB published its request for comment on its remittance rule in the Federal Register Friday, with comments due May 23. The bureau announced it will conduct an assessment on the rule, a rule CUNA has long believed harms consumers.
Two credit union leaders have been named to the Cleveland Federal Reserve’s Community Depository Institutions Advisory Council CDIAC for 2017: Lee Butke, president/CEO of Corporate One FCU, and Robert Burrow, president/CEO of Bayer Heritage FCU, Proctor, W.V.
CUNA hopes NCUA works to implement the recommendations released this week in a report from FFIEC agencies, part of a review of the agencies’ rules. The NCUA was not required to participate, but did so voluntarily.
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.