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 U.S. District Court for the District of Columbia today upheld two challenged portions of the National Credit Union Administration's field of membership rule and struck down two provisions in a lawsuit filed against the agency.
CUNA encouraged the Federal Housing Finance Administration Wednesday to continue to work towards finding the right balance between safety and soundness and credit availability for consumers, in response to an RFI on credit score requirements.
CUNA supports NCUA’s proposed rule on involuntary liquidation and claims procedures, it wrote to the agency Tuesday. The proposed rule would be applicable to employees of insolvent credit unions under involuntary liquidation.
The Wisconsin Credit Union league teamed up with the Wisconsin Bankers Association to urge Speaker of the House Paul Ryan (R-Wis.) to act on the bipartisan regulatory relief bill passed by the Senate earlier this month.
The May 11 effective date of the new Customer Due Diligence rule is approaching, after which credit unions will be required to obtain identifying information about the beneficial owners of their legal entity accounts.