CUNA joined the Independent Community Bankers of America Wednesday in writing to House leadership to urge consideration and passage of the Economic Growth, Regulatory Relief and Consumer Protection Act.
CUNA President/CEO Jim Nussle corrected several falsehoods about credit unions’ tax status and reiterated that any change would be a direct tax increase in 110 million Americans Wednesday in a letter to the Senate Finance Committee.
The CFPB's latest RFI seeks feedback on its handling of consumer complaints and inquiries. This is the 12th RFI announced as part of a call to ensure the bureau is fulfilling its proper and appropriate functions.
Credit union priorities were discussed during CFPB Acting Director Mick Mulvaney’s second day of testimony before Congress Thursday, this time before the Senate Banking Committee. Mulvaney appeared before the House Financial Services Committee Wednesday.
Credit unions were well represented at this year’s Financial Literacy Hill Day Thursday, as CUNA and the National Credit Union Foundation manned a booth at the Hart Senate Office Building during the day’s event.
Credit unions’ member-centric focus means that they approach regulation differently than other market participants, CUNA wrote to the Senate Banking Committee for the record of its Thursday hearing with CFPB Acting Director Mick Mulvaney.
Credit union issues were addressed by House Financial Services Committee members and CFPB Acting Director Mick Mulvaney during his testimony Wednesday, including several statements that are consistent with CUNA’s vision for the CFPB.
While CUNA and credit unions are suppor of NCUA’s vision for future examination and supervision, small credit unions often face heavier burdens, CUNA’s Small Credit Union Committee wrote to the NCUA board Wednesday.
Regulatory burdens are impeded consumer access to credit, CUNA's Mike Schenk told the Washington Examiner this week, when discussing the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act as it awaits House consideration.
The Wisconsin Credit Union League, in conjunction with the Wisconsin Bankers Association, sent letters to the entire state congressional delegation, urging them to support the Economic Growth, Regulatory Relief and Consumer Protection Act.
The Treasury’s Office of Critical Infrastructure Protection and Compliance Policy is inviting credit unions to attend a roundtable it will host on the information security risks posed to small financial institutions May 7.