The Bureau of Consumer Financial Protection issued its Fall 2018 rulemaking agenda this week, with several items reflecting CUNA’s advocacy with the bureau. The agenda is a snapshot of the bureau’s regulatory priorities into 2019.
The NCUA board voted to approve a final risk-based capital rule Thursday, that provides regulator relief for credit unions. While CUNA has concerns with NCUA’s overall approach to risk-based capital, it supports the changes.
A court decision that broadens the definition of an automated telephone dialing system is flawed and should be rejected, CUNA wrote to the Federal Communications Commission Wednesday in response to an FCC petition.
The Federal Reserve has published a final rule amending subpart C of Regulation CC (Availability of Funds and Collection of Checks) to address check alteration disputes when the paper check is unavailable for inspection.
Hundreds of credit union leaders from 10 states met with elected officials and other policymakers throughout Washington, D.C. this week to talk credit union tax status and regulatory relief, among other topics, as part of their “Hike the Hill” visits.
CUNA was recognized Thursday for its grassroots success in getting more tens of thousands of messages to legislators in support of S. 2155. CUNA’s grassroots engagement with credit union leaders resulted in more than 50,000 messages sent to Congress.
CUNA staff attended Thursday’s meeting of the Bureau of Consumer Financial Protection’s Credit Union Advisory Council. The bureau recently restructured the CUAC and named seven CUNA members to serve on the council for one-year terms.
While CUNA supports financial technology innovation, it remains concerned about an environment in which consumers would not receive the same protections as they do at financial institutions, it wrote to a House Financial Services subcommittee Thursday.
The National Cooperative Business Association CLUSA International will host its annual Co-op IMPACT Conference Oct. 3 through 5, providing platform to explore how co-ops are creating opportunities for broader and more sustainable economic growth.
The House Wednesday passed the conference report to a “minibus” bill that includes a continuing resolution to fund the government through Dec. 7. The federal government is scheduled to shut down Oct. 1 if the bill is not signed.
The Bureau of Consumer Financial Protection, in collaboration with 11 financial regulators and related organizations, seeks comments regarding a consultation document on a Global Financial Innovation Network, due by Oct. 14.
NCUA posted its proposed 2019-2020 budget Thursday and scheduled a budget briefing for Oct. 17. The agency will be accepting comments Oct. 26 and the board is scheduled to vote on the final budget Nov. 15.
Thirty-one young credit union professionals started their week in Washington, D.C. Monday hearing firsthand about the importance of credit union advocacy. CUNA’s young professionals’ advocacy training sessions were geared around the fall “Hike the Hill” visits.