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 bureau Equifax announced it experienced a cybersecurity incident potentially impacting as many as 143 million American consumers. CUNA is monitoring the situation to assess if the situation will affect financial institutions.
President Donald Trump signed a funding package Friday that will fund the federal government and reauthorize the National Flood Insurance Program through Dec. 8, while maintaining FY2017 funding levels for the CDFI Fund.
CUNA wrote in support of 3 pieces of regulatory relief legislation Thursday, bills that were among 6 discussed in a House Financial Services subcommittee hearing. The bills address mortgages and the Fair Credit Reporting Act.
CUNA President/CEO Jim Nussle issued an action alert Thursday calling for credit union activists to contact legislators in support of removing a provision placing NCUA under the appropriations process from a House appropriations bill.
CUNA followed up last week’s letter to NCUA on the closing of the TCCUSF Tuesday with a letter proposing a transparent and equitable way to facilitate distribution of funds without a permanent increase in the NOL.
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.