CUNA has announced three keynote speakers at the 2018 CUNA GAC, motivational speaker Gian Paul Gonzalez, ABC News contributor Kristen Soltis Anderson and sales marketing expert Scott Stratten. GAC is scheduled for Feb. 25 to March 1, 2018.
House and Senate conference committee members unveiled their tax reform bill, and like all other versions of the bill the credit union tax status remains untouched. The House and Senate are expected to vote on it next week.
The House voted 275-146 in favor of a CUNA-backed bill Thursday, the Privacy Notice Technical Clarification Act, which would update the Gramm-Leach-Bliley Act to update the exception for certain annual notices provided by financial institutions.
The NCUA board finalized two rules at its Thursday meeting, the final meeting of 2017. Both rules, on emergency mergers and agency reorganization, were approved unanimously. The board will meet next on Jan. 25.
The Department of Defense published CUNA-requested guidance on changes to the Military Lending Act Thursday. CUNA, which has strongly pushed for the guidance, is currently reviewing it to determine impact.
The House Financial Services Committee passed three CUNA-backed regulatory relief bills during a markup Wednesday, bills that would allow easier access to financial services, repeal NCUA’s risk-based capital rule and provide an independent examination process.
Minnesota Gov. Mark Dayton appointed Lt. Gov. Tina Smith Wednesday to replace Sen. Al Franken (D-Minn.) after he announced his resignation last week. CUNA and the Minnesota Credit Union Network look forward to working with her.
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.