CUNA will be engaged with several Congressional hearings this week. The House is expected to consider the FAA Reauthorization Act of 2018, and the Senate may consider the nomination of Mike Pompeo to be Secretary of State.
Thursday, April 19 marked the effective date of amendments to the CFPB's mortgage servicing rules. Confirmed successors in interest are now entitled to the same protections available to borrowers under both Reg Z and Reg X.
CUNA supports NCUA’s proposed rule on involuntary liquidation and claims procedures, it wrote to the agency Tuesday. The proposed rule would be applicable to employees of insolvent credit unions under involuntary liquidation.
The Wisconsin Credit Union league teamed up with the Wisconsin Bankers Association to urge Speaker of the House Paul Ryan (R-Wis.) to act on the bipartisan regulatory relief bill passed by the Senate earlier this month.
The May 11 effective date of the new Customer Due Diligence rule is approaching, after which credit unions will be required to obtain identifying information about the beneficial owners of their legal entity accounts.
Congress passed the fiscal year 2018 omnibus bill Thursday, and President Donald Trump is expected to sign the bill Friday to avoid a government shutdown. The bill contains many wins for credit unions.
The members of the Federal Financial Institutions Examination Council (FFIEC) announced an update on its examination modernization project that was undertaken following the review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA).