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.
The CFPB should conduct an extensive review of the regulations under its jurisdiction, CUNA wrote Friday, sending a copy of its comprehensive white paper in response to the RFI on inherited regulations and inherited rulemaking authorities.
The NCUA board finalized its final voluntary merger rule and heard briefings on member business lending and its Enterprise Solution Modernization program Thursday, in addition to finalizing a CUNA-backed final rule on field-of-membership.
The Senate Appropriations Committee passed the Financial Services and General Government Act for Fiscal Year 2019 Thursday, a bill that includes CUNA-supported funding levels for several programs used by credit unions.
One hundred and three members of Congress signed a CUNA-supported letter submitted Wednesday to Attorney General Jeff Sessions calling for the Department of Justice to issue website standards for compliance with the ADA.
NCUA finalized a field-of-membership rule Thursday allowing credit unions the option to submit an application to serve a well-defined local community exceeding 2.5 million people under a narrative approach, among other changes.
Procurement reforms that level the playing field in international development should be encouraged, CUNA wrote Wednesday to Senate Foreign Relations Committee leadership for the record of a committee hearing on USAID.
The video recording of the May 24 NCUA Board meeting is now available on the agency’s website. The board approved issuing a proposal on a new payday alternative loan product, and a final rule on severance claims.
The Senate Appropriations FSGG subcommittee on financial services and general government passed its fiscal year 2019 bill Tuesday, which contains CUNA-supported full funding for the CDFI Fund and the SBA's 7(a) loan program.