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.
More than 200 credit union leaders representing California, Iowa, Kentucky, Michigan, Minnesota, Nevada, Ohio, Vermont, West Virginia and Wisconsin are in Washington, D.C. this week to talk credit union issues with policymakers.
Current laws and examination practices ensure that credit unions members private information is properly protected, CUNA wrote Tuesday to the Senate Commerce Committee for the record of its hearing on data security.
While World Council of Credit Unions does not support a requirement for credit unions to obtain “Legal Entity Identifiers” it sees some potential value in encouraging increased use of this system, it wrote last week.
CUNA and the Leagues are encouraging credit unions to share stories about how their lending activities have made positive differences in the communities they serve. Stories can be submitted to CUSocialGood.com.
CUNA wrote Monday in support of a bill it says provides a “much needed and long overdue” modernization of Bank Secrecy Act (BSA) reporting thresholds, the Financial Reporting Threshold Modernization Act.
CUNA launched its “Credit Unions Vote” campaign, featuring a a website where credit union members can check their registration status, register to vote, participate in early voting, and find their polling place.
A change to the tax status of large credit unions will impact small credit unionsl, Freedom CU President/CEO Ken Payne wrote Friday, saying it would be harder for his credit union to exist without large credit unions.