CUNA President/CEO Jim Nussle wrote to Tresaury Secretary Steven Mnuchin Thursday, providing additional information about how regulations can be more manageable for credit unions. The letter was a follow-up to the roundtable Treasury conducted on financial regulations.
The House Financial Services Committee will conduct a second day of hearings on Rep. Jeb Hensarling’s (R-Texas) Financial CHOICE Act, after a hearing was conducted Wednesday. Friday’s hearing is scheduled to begin at 9:15 a.m. (ET).
CUNA will join forces with the National Credit Union Foundation Friday for Financial Literacy Day on Capitol Hill, an event sponsored by the Foundation. Representatives for CUNA and the Foundation will be on hand.
CUNA joined other trade organizations Friday in filing an amicus brief in a court case that questions the CFPB’s structure. The brief focuses on the non-constitutional issues in the case and applauds the court for its previous RESPA ruling.
A court has granted preliminary approval of a settlement in the Home Depot data breach proposed earlier this week. The court has established an Aug. 14 deadline to make claims, but methods for claims are not yet in place.
The ICBA has until March 27 to appeal a U.S. District Court judge granting of the NCUA’s motion to dismiss the banking trade's lawsuit against NCUA and its MBL rule, despite initial reports it was Feb. 23.
The National Credit Union Foundation accepted the a U.S. Gold President’s Volunteer Service Award this week for the over 15,000 volunteer hours dedicated to Junior Achievement programs by America’s credit unions.
CUNA encourages Congress to improve credit unions’ ability to offer SBA 7(a) loans, as well as other government guaranteed loans, CUNA President/CEO Jim Nussle wrote to leadership of a House Small Business subcommittee.
A proposed settlement was submitted to the court for approval Wednesday which would conclude the data breach lawsuit brought against Home Depot stemming from a 2014 data breach. CUNA, state leagues and a number of credit unions are among the plaintiffs.
Credit unions and small banks have been plagued by the July 2015 TCPA order from the FCC, CUNA and the ICBA wrote Wednesday. The organizations wrote leaders of the Senate Commerce Committee, and a House Energy and Commerce subcommittee.
Two items of interest to credit union have comments due this month, and CUNA will be weighing in on each with its own comment letter. The first involves the TCPA, the second the DOL's delay of its fiduciary rule.
The second phase of Same Day ACH rollout has a Sept. 15 effective date, and a list of recommended action items to be performed has been released. All financial institutions must be prepared to receive by Sept. 15.
As Congress works this week to fund the government past April 28, CUNA will be engaged in the process as it seeks to see 2 particular issues addressed: funding for CDFIs and the CFPB's exemption authority.