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.
CUNA presented the Bureau of Consumer Financial Protection with a comprehensive white paper, “CUNA's Common-Sense Reforms to Bureau of Consumer Financial Protection Rules and Procedures,” Tuesday, as part of CUNA’s continued advocacy efforts in the wake of S. 2155 being signed into law.
Support and information on state and federal regulations is available in one central hub with the launch of CUNA and league compliance communities. The new communities, are designed to provide an online hub for compliance professionals.
The House Appropriations financial services and general government subcommittee approved the House FSGG Appropriations Act for fiscal year 2019 by a voice vote Thursday. The legislation contains several regulatory relief provisions supported by CUNA.
CUNA offices in Washington, D.C. and Madison, Wis. will be closed Monday, May 28 in observance of Memorial Day. There will be no Daily e-mail sent Monday, May 28. The Daily will resume Tuesday, May 29.
CUNA continues to see an important role for the federal government in cybersecurity requirements for entities other than financial institutions, which often become financially responsible for other industries’ lack of effort.
Federal credit unions would have an additional option for to offer Payday Alternative Loans under a proposal issued at Thursday’s NCUA board meeting. The board also finalized its rule on claims procedures.
President Donald Trump signed S. 2155 into law today, enacting a major piece of CUNA-supported bipartisan regulatory relief legislation. CUNA strongly supported the bill from the earliest negotiations in the Senate, and remained engaged with leagues and credit unions through House passage of the bill May. 22.
CUNA requested clarification on the effective date of the Financial Accounting Standards Board’s current expected credit losses standard for non-public business entities, which include state and federal chartered credit unions.