The House voted 294-129 in favor of a bill Tuesday that would provide mortgage-related regulatory relief. The Community Institution Mortgage Relief Act of 2017 (H.R. 3971) was introduced in October by Rep. Claudia Tenney (R-N.Y.).
CUNA filed an amicus brief Tuesday supporting the president’s authority to appoint an interim CFPB director under the Vacancies Reform Act. CUNA and its members have a strong interest in ensuring that the CFPB operates under proper direction.
The House passed the CUNA-backed bill Monday that would prevent regulators from requesting termination of certain accounts without a material reason. The Financial Institution Consumer Protection Act is consistent with CUNA’s bipartisan, pro-consumer Campaign for Common-Sense Regulation.
Nearly 150 comments have already been uploaded to the FCC's website on CUNA’s Telephone Consumer Protection Act petition with the Federal Communications Commission during the 30-day comment period, which closed Monday.
The CFPB should not base decisions on overdraft protection rulemaking on the current 2011-2012 data it uses, nor should it conflate credit union overdraft products with those of big banks, CUNA told the bureau in a letter.
CUNA will be engaged in this week’s four-day markup of tax reform legislation, House consideration of a flood insurance bill and several hearings this week in Washington, D.C. on small business and data breaches.
The NCUA issued a checklist for credit unions to voluntarily use in assessing its diversity and inclusion practices last year, of which two-thirds of participants in an NCUA diversity webinar said they were unaware.
The Association of Vermont Credit Unions, Minnesota Credit Union Network and Pennsylvania Credit Union Association will join CUNA, other state credit union leagues and credit unions in a class-action lawsuit against Equifax.
CUNA, the Cornerstone Credit Union League and credit unions are using CUNA’s Member Activation Program to build support for two credit-union related Texas initiatives that will be on the ballot Tuesday.
CUNA joined other financial trade associations Wednesday to urge the House Financial Services subcommittee on financial institutions and consumer credit to move forward on legislation that would put a strong national data security standard in place.
In recognition of his decades of service to the credit union movement, the National Credit Union Foundation has named Bill Hampel, retired chief policy officer and economist at CUNA, a 2018 Herb Wegner Memorial Award winner.