CUNA Chief Economist Mike Schenk will present at the NCUA’s budget briefing Wednesday at NCUA’s Alexandria headquarters. The briefing is scheduled to start at 10 a.m. (ET) and will be streamed live on NCUA.gov.
CUNA will conduct a free webinar to discuss letter received by certain credit unions from law firms calling for negotiation of a patent licensing deal for remote deposit capture, scheduled for 3 to 5 p.m. (ET) on Oct. 30.
The CUNA Board of Directors unanimously approved this week a resolution in support of the Awareness Initiative, fully supporting the stated goals of the groundbreaking, research-backed initiative and its mission.
NCUA is closely monitoring Hurricane Florence, it said Wednesday, and has a hurricane information webpage with materials on preparedness and recovery for credit unions and members affected by the storm.
CUNA wrote to House Financial Services Committee leadership Wednesday in support of two bills scheduled to be marked up Thursday. One would require the BCFP to standardize the guidance process, one would update GLBA notification requirements.
CUNA joined other trade organizations Wednesday requesting an extension of the comment deadline for the Bureau of Consumer Financial Protection’s proposed policy to encourage trial disclosure programs to Nov. 23.
CUNA wrote in support of the Give Useful Information to Define Effective Compliance Act Tuesday, a bill that would clearly define guidance and implement time frames for providing answers in response to requests for guidance.
The Consumer Information Notification Requirement Act is a strong step in the right direction, and CUNA looks forward to working with Congress to do more on data security, CUNA President/CEO Jim Nussle wrote Tuesday.
Supervisory guidance does not have the force and effect of law, NCUA and other federal financial regulatory agencies said Tuesday in a joint statement. CUNA supports this unified approach from regulators.