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.
President Donald Trump Monday signed a CUNA-backed resolution of disapproval for the CFPB’s indirect auto lending bulletin. The bulletin was voided under the Congressional Review Act, after resolutions were approved by the House and Senate.
The CFPB should transfer examination and enforcement authority of the largest credit unions to NCUA, CUNA wrote Monday. If not, CUNA urged the bureau to work closely with NCUA and/or appropriate state regulators.
FinCEN has issued a ruling to provide a 90-day limited exceptive relief to covered financial institutions from the obligations of the beneficial ownership requirements for for certain accounts, effective as of May 11.
CUNA-requested language requesting the Department of Justice clarify website accessibility standards for the Americans with Disabilities Act was successfully added to a House appropriations bill Friday.
The House Financial Services Committee is expected to mark up a bill next week that contains a provision delaying the effective date of NCUA’s risk-based capital rule by two years. CUNA supports this provision.
The House Rules Committee announced it will meet on S. 2155 Monday at 5 p.m. (ET), paving the way for the House to vote on the bill next week. CUNA strongly supports the bill, which contains several regulatory relief provisions.
The Bureau of Consumer Financial Protection will host a public forum in Topeka, Kan. June 8 to discuss elder financial exploitation. CUNA has supported several bills that would protect reporters of suspected elder financial abuse.