CUNA Deputy Chief Advocacy Officer Eli Joseph was named as a trade association member to the Electronic Payments Coalition board of directors, an organization of payments industry stakeholders. CUNA is a member of the EPC.
Nearly 1,000 credit union stakeholders tuned into to CUNA’s members-only webinar on website accessibility under the Americans with Disabilities Act (ADA) Thursday, a recording of which will be available for members shortly.
CUNA remains engaged in combating predatory class action threats related to website accessibility requirements surrounding the Americans with Disabilities Act, CUNA President/CEO Jim Nussle wrote to members Monday.
Credit unions resources used for financial education and literacy can be strained by regulatory costs, CUNA told the CFPB in a letter outlining credit unions’ role in financial education for their members.
A House Financial Services subcommittee will conduct a hearing on two CUNA-backed regulatory relief bills Tuesday, including one that would exempt financial institutions with under $50 billion in assets from CFPB rulemakings.
NCUA has released its list of supervisory priorities for 2018 in a letter to federally insured credit unions. A CUNA CompBlog entry provides information on the letter, which is also available on NCUA’s website.
CUNA wrote in support of legislation Thursday that would modernize anti-money laundering/countering the financing of terrorism by establishing a beneficial ownership reporting requirement on closely held, non-public legal entities.
Credit unions in Minnesota and Montana wrote to their local papers this week to stress the importance of Congressional action on the Senate’s bipartisan regulatory relief bill. S. 2155 passed the Senate Banking Committee in December.
CUNA President/CEO Jim Nussle urged credit union stakeholders to maintain the momentum of support for the Senate’s bipartisan regulatory relief bill by contacting their Senators or going out to members via CUNA’s Member Activation Program.
CUNA’s advocacy goal for 2018 is to revolutionize the operating environment for credit unions by reducing regulatory burden, expanding credit union powers, enhancing payment security and preserving the credit union tax status.
CUNA maintains credit unions should remain exempt from stress testing requirements, as Congress intended, and also noted that any requirements should continue to provide exemptions for small institutions measured on a scale other than fixed asset thresholds.