The CFPB issued a Request for Information Wednesday on the bureau’s external engagements. Specifically, the bureau is seeking comments and information from interested parties on ways to engage the public.
CUNA and leaders of the 38 credit union leagues representing all 50 states and the District of Columbia wrote to Senate leadership Tuesday to urge floor consideration of the Senate’s bipartisan regulatory relief bill.
CUNA remains engaged in combating predatory class action threats related to website accessibility requirements surrounding the Americans with Disabilities Act, CUNA President/CEO Jim Nussle wrote to members Monday.
Credit unions resources used for financial education and literacy can be strained by regulatory costs, CUNA told the CFPB in a letter outlining credit unions’ role in financial education for their members.
A House Financial Services subcommittee will conduct a hearing on two CUNA-backed regulatory relief bills Tuesday, including one that would exempt financial institutions with under $50 billion in assets from CFPB rulemakings.
NCUA has released its list of supervisory priorities for 2018 in a letter to federally insured credit unions. A CUNA CompBlog entry provides information on the letter, which is also available on NCUA’s website.
CUNA wrote in support of legislation Thursday that would modernize anti-money laundering/countering the financing of terrorism by establishing a beneficial ownership reporting requirement on closely held, non-public legal entities.
Credit unions in Minnesota and Montana wrote to their local papers this week to stress the importance of Congressional action on the Senate’s bipartisan regulatory relief bill. S. 2155 passed the Senate Banking Committee in December.
CUNA President/CEO Jim Nussle urged credit union stakeholders to maintain the momentum of support for the Senate’s bipartisan regulatory relief bill by contacting their Senators or going out to members via CUNA’s Member Activation Program.
CUNA’s advocacy goal for 2018 is to revolutionize the operating environment for credit unions by reducing regulatory burden, expanding credit union powers, enhancing payment security and preserving the credit union tax status.