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.
Mississippi Gov. Phil Bryant named state Agriculture and Commerce Commissioner Cindy Hyde-Smith to fill the seat vacated by Sen. Thad Cochran. Hyde-Smith recently attended a Mississippi Credit Union Association meeting, and is a credit union supporter.
CUNA Mutual AdvantEdge Analytics announced Wednesday it will work with Microsoft to develop the next generation data platform for the credit union industry. AdvantEdge Analytics is a CUNA Strategic Services provider.
CUNA and the LSCU and Affiliates filed a brief Tuesday in support of a credit union facing a lawsuit alleging noncompliance with the ADA. This follows similar CUNA/league actions in Texas, Illinois and Ohio.
CUNA President/CEO Jim Nussle appeared on CBS News Friday to talk the Senate’s bipartisan regulatory relief bill and White House personnel moves. Nussle served a director of the Office of Management and Budget under President George W. Bush from 2007 to 2009.
As the Senate spent more than a week debating its bipartisan regulatory relief bill S. 2155, CUNA credit unions used the Member Activation Program to activate their members in support of the common-sense regulation bill.
CUNA’s compliance staff was recently asked a question about a credit unions’ obligation under the Americans with Disabilities Act regarding service animals, and a recent CompBlog post outlines what credit unions should know.
A federal appeals court voided the Department of Labor’s fiduciary rule Thursday, saying it was an arbitrary exercise of administrative power. CUNA believes would have created additional compliance burdens for credit unions.