While the DOD has affirmed the Military Lending Act’s effective date for credit card accounts of Oct. 3, CUNA is engaged with legislators to build support for efforts to exempt credit unions from the rule.
NCUA Wednesday released a package of possible regulatory reforms and urged credit union stakeholders to read and comment. According to the agency, the reforms were recommended by an internal NCUA task force.
America’s credit unions were fully represented at a House Financial Services subcommittee hearing Wednesday, as Rick Nichols, president/CEO of River Region CU, Jefferson City, Mo., testified on behalf of the Heartland Credit Union Association to discuss the need for regulatory relief for credit unions.
A recent article in American Banker got it wrong when it questioned the National Credit Union Administration’s actions to modernize credit union field-of-membership rules, wrote Jim Nussle, CUNA president/CEO, in response to that column Tuesday.
CUNA saw a victory Monday with CFPB Director Richard Cordray's pledge that the bureau would issue a proposal in the coming weeks to raise the HELOC reporting threshold, citing increasing concerns from credit unions about the reporting burden.
CUNA’s final rule analysis of the CFPB changes to the TRID rule is now available. The rule, published in the Federal Register this week is effective Oct. 10, with a mandatory compliance date of Oct. 1, 2018.
While proposed changes to the CFPB prepaid accounts rule provide some clarity, it will not be helpful for most prepaid card users and CUNA remains opposed to the rule’s application of Regulation Z to certain prepaid cards.
Credit Unions for Kids connects the credit union movement and CMN Hospitals to ensure patients are able to get the care they need. One such patient will perform on "America’s Got Talent" Tuesday at 8 (ET).