CUNA recognizes NCUA has made improvements to its budget process reflected in this year’s proposed budget, CUNA Vice President of Research and Policy Analysis Mike Schenk told the agency during its budget briefing Wednesday.
CUNA Vice President of Research and Policy Analysis Mike Schenk and Cooperative Credit Union Association President/CEO Paul Gentile, who chairs CUNA’s examination and supervision subcommittee, will be among the presenters at Wednesday’s NCUA budget briefing.
Credit unions can do good things for communities and the American economy by serving as disruptors in the financial services industry, CUNA President/CEO Jim Nussle told Radio Iowa in an interview Thursday.
The House voted Thursday in favor of an appropriations bill that contains several major victories for credit unions. It does not place NCUA under the appropriations process, and makes significant changes to the CFPB.
The House approved by voice vote Wednesday an amendment removing language placing NCUA under the appropriations process from H.R. 3354, a major victory for CUNA, leagues and credit unions who advocated strongly in support of the amendment.
CUNA wrote to House leadership Wednesday, urging an affirmative vote on an amendment that would strike language bringing NCUA under the appropriations process from a House appropriations bill. The House is expected to vote Thursday.
A bipartisan group of representatives wrote to the DoD Wednesday highlighting concerns shared by CUNA about unintended consequences of the Military Lending Act, that it could be impeding access to credit.
CUNA and DCUC met with DoD officials Wednesday to discuss the need for additional guidance relating to changes to the Military Lending Act that could have a stifling effect on access to credit for servicemembers.
CUNA, along with trade associations representing nearly every community financial institution in America, wrote Senate leadership Monday to support repeal of the CFPB's arbitration rule. The House passed its resolution in July.
CUNA’s advocacy to ensure NCUA isn’t placed under the appropriations process continues this week with its support of an amendment removing NCUA appropriations language from a House "minibus" appropriations bill.
The second phase of same day ACH rollout begins Friday, and even credit unions not planning to originate same-day debits need to be prepared, as all financial institutions must be prepared to receive same-day ACH debits.
CUNA wrote in support of legislation Monday that is a step forward in addressing the threat of litigation under the Americans With Disabilities Act, urging legislators to consider how credit unions are being impacted by frivolous litigation.
The House Financial Services Committee passed 8 CUNA-supported regulatory relief bills Thursday. CUNA wrote in support of the bills prior to the markup, particularly one that would raise the CFPB's supervisory threshold to $50 billion.