Two members of the Senate Banking Committee called for board/commission oversight of the Bureau of Consumer Financial Protection during the confirmation hearing of Kathleen Kraninger, President Donald Trump’s choice to lead Bureau.
In a Thursday vote, the House approved H.R. 6147, the Financial Services and General Government Appropriations Act for Fiscal Year 2019. CUNA supports the legislation as it continues to build upon CUNA’s Campaign for Common-Sense Regulation.
CUNA released an updated white paper on the benefits of the credit union tax status, noting that, in 2017 alone, the credit union system created $15 billion in financial benefits to members and non-members alike.
Bureau of Consumer Financial Protection Deputy Director Leandra English will step down from the bureau and no longer challenge Acting Director Mick Mulvaney for leadership of the bureau, according to reports Friday.
Credit unions will have two final opportunities to comment on BCFP RFIs with due dates July 9 and July 16. CUNA submitted individual comments for several and submitted copies of its comprehensive white paper for the others.
CUNA’s offices in Washington, D.C. and Madison, Wis. Will be closed Wednesday, July 4 in observance of Independence Day. There will be no CUNA News daily e-mail Wednesday. The Daily will resume Thursday, July 5.
The BCFP has several ways in which it can assist the credit union industry in complying with regulatory requirements, CUNA wrote in its comprehensive white paper to the bureau, which submitted in response to a bureau’s RFI.
The FCC should take the opportunity suggested by CUNA and others to update the TCPA to treat informational calls to wireless phones the same as calls to landlines, CUNA wrote Thursday in reply comments to the FCC.
CUNA President/CEO Jim Nussle unveiled CUNA’s research-driven national credit union awareness initiative at America’s Credit Union Conference in Boston Friday, an initiative designed to encourage consumers to “open your eyes” to a credit union.