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.
CUNA launched a new online community this week for its Member Activation Program , a forum where credit union industry professionals can discuss best practices and exchange ideas and resources to better advocate for credit unions.
CUNA will be engaged with a Senate Banking Committee hearing on the Fair Credit Reporting Act this week, in addition to other activities in both chambers. The House and Senate are also expected to consider several bills.
CUNA released an updated white paper on the benefits of the credit union tax status, noting that, in 2017 alone, the credit union system created $15 billion in financial benefits to members and non-members alike.
Bureau of Consumer Financial Protection Deputy Director Leandra English will step down from the bureau and no longer challenge Acting Director Mick Mulvaney for leadership of the bureau, according to reports Friday.
Credit unions will have two final opportunities to comment on BCFP RFIs with due dates July 9 and July 16. CUNA submitted individual comments for several and submitted copies of its comprehensive white paper for the others.
CUNA’s offices in Washington, D.C. and Madison, Wis. Will be closed Wednesday, July 4 in observance of Independence Day. There will be no CUNA News daily e-mail Wednesday. The Daily will resume Thursday, July 5.
The BCFP has several ways in which it can assist the credit union industry in complying with regulatory requirements, CUNA wrote in its comprehensive white paper to the bureau, which submitted in response to a bureau’s RFI.
The FCC should take the opportunity suggested by CUNA and others to update the TCPA to treat informational calls to wireless phones the same as calls to landlines, CUNA wrote Thursday in reply comments to the FCC.