This year has been a “wildly successful year in credit union advocacy,” CUNA Chief Advocacy Officer Ryan Donovan said, and during the August recess credit unions have a great opportunity for additional efforts.
News Now, Policy and President Donald Trump signed the NDAA for FY19 Monday at Fort Drum, enacting the legislation without a provision CUNA fought to remove that could have negatively impacted military credit unions.
NCUA’s latest letter to credit unions (18-CU-01) provides an update on five board-approved Examination Modernization Initiatives designed to improve and modernize how the agency conducts examination and supervision.
Changes are needed regarding how the Bureau of Consumer Financial Protection handles complaints, CUNA told the bureau in response to its request for information on the consumer complaint and inquiry process.
New warranty and indemnity rights, liabilities and obligations under Regulation CC became effective July 1, creating a new Remote Deposit Capture Indemnity to address the allocation of liability when it accepts remote deposit capture.
CUNA urged the BCFP Friday to regularly assess its overall complaint system for compliance burden relief opportunities, in response to a bureau request to OMB to renew information collection associated with its Company Portal.
CUNA President/CEO Jim Nussle and Deputy Chief Advocacy Officer Elizabeth Eurgubian attended roundtable discussion Thursday with BCFP Acting Director Mick Mulvaney on the bureau's series of RFIs on how it performs its functions.
CUNA joined other trade organizations Thursday to back the Senate's TRID Improvement Act of 2018, which would amend RESPA to allow the accurate disclosure of title insurance premiums and any potential available discounts to homebuyers.
The Fair Credit Reporting Act and its implementing regulations and guidance could be updated to provide more clarity, CUNA wrote, also noting that the BCFP should continue to examine its FCRA regulation and guidance documents.
Bureau of Consumer Financial Protection Acting Director Mick Mulvaney announced this week he has selected Brian Johnson to assume the responsibilities of Acting Deputy Director. Johnson currently serves as principal policy director at the bureau.
CUNA leadership, including President/CEO Jim Nussle and Chief Advocacy Officer Ryan Donovan, sat down over the course of this year’s America’s Credit Union Conference to discuss CUNA’s awareness campaign, regulatory relief and more on CUBroadcast.