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.
The House Financial Services Committee passed three CUNA-backed regulatory relief bills during a markup Wednesday, bills that would allow easier access to financial services, repeal NCUA’s risk-based capital rule and provide an independent examination process.
Minnesota Gov. Mark Dayton appointed Lt. Gov. Tina Smith Wednesday to replace Sen. Al Franken (D-Minn.) after he announced his resignation last week. CUNA and the Minnesota Credit Union Network look forward to working with her.
The House voted 294-129 in favor of a bill Tuesday that would provide mortgage-related regulatory relief. The Community Institution Mortgage Relief Act of 2017 (H.R. 3971) was introduced in October by Rep. Claudia Tenney (R-N.Y.).
CUNA filed an amicus brief Tuesday supporting the president’s authority to appoint an interim CFPB director under the Vacancies Reform Act. CUNA and its members have a strong interest in ensuring that the CFPB operates under proper direction.
The House passed the CUNA-backed bill Monday that would prevent regulators from requesting termination of certain accounts without a material reason. The Financial Institution Consumer Protection Act is consistent with CUNA’s bipartisan, pro-consumer Campaign for Common-Sense Regulation.
FinCEN launched a new program last week, FinCEN Exchange, to enhance information sharing between law enforcement and financial institutions. Credit union participation in the program is voluntary, and the program does not introduce any new regulatory requirements.
CUNA Board Chairman Pat Jury urged credit unions to maintain the momentum and keep the Senate’s bipartisan regulatory relief bill moving forward in an action alert to credit unions. S. 2155 passed committee Tuesday with a 16-7 vote.
Small credit unions will have the opportunity to win one of two full scholarships to the 2018 CUNA GAC in Washington, D.C., through a contest that starts Monday from CUNA and sponsored by CUNA Mutual Group.