The Financial Accounting Standards Board officially issued its proposal making several CUNA-backed changes to its current expected credit loss standard, first agreed to at its July board meeting. Comments will be due Sept. 19.
CUNA will be engaged with the Senate Banking Committee’s markup of several nominees Thursday, most notably director of Bureau of Consumer Financial Protection nominee Kathy Kraninger, currently scheduled for Thursday.
CUNA Senior Director of Advocacy and Counsel Alexander Monterrubio appeared on CUBroadcast recently to discuss CUNA’s latest efforts at finding a solution to credit unions being hit with abusive lawsuits under the ADA.
The Department of Housing and Urban Development should issue a proposed rule to make necessary changes to its 2013 disparate impact rule to confirm to a 2015 U.S. Supreme Court ruling, CUNA wrote Friday.
Credit unions need regulatory relief regarding the TCPA, CUNA wrote to the Senate Commerce Committee Tuesday. CUNA sent its letter for the record of the committee’s hearing on oversight of the Federal Communications Commission.
This year has been a “wildly successful year in credit union advocacy,” CUNA Chief Advocacy Officer Ryan Donovan said, and during the August recess credit unions have a great opportunity for additional efforts.
News Now, Policy and President Donald Trump signed the NDAA for FY19 Monday at Fort Drum, enacting the legislation without a provision CUNA fought to remove that could have negatively impacted military credit unions.
NCUA’s latest letter to credit unions (18-CU-01) provides an update on five board-approved Examination Modernization Initiatives designed to improve and modernize how the agency conducts examination and supervision.
The BCFP Friday issued a final rule amending Regulation P, providing regulatory relief by exempting credit unions that meet specific criteria from the requirement to send annual privacy notices to members.