Two members of the Senate Banking Committee called for board/commission oversight of the Bureau of Consumer Financial Protection during the confirmation hearing of Kathleen Kraninger, President Donald Trump’s choice to lead Bureau.
In a Thursday vote, the House approved H.R. 6147, the Financial Services and General Government Appropriations Act for Fiscal Year 2019. CUNA supports the legislation as it continues to build upon CUNA’s Campaign for Common-Sense Regulation.
President Donald Trump will nominate former NCUA board member Rodney Hood to fill the board seat currently held by board member Rick Metsger. Hood previously served as vice chair of the NCUA board from 2005 to 2010.
President Donald Trump nominated White House budget official Kathy Kraninger to lead the Bureau of Consumer Financial Protection. CUNA President/CEO Jim Nussle said CUNA, leagues and credit unions look forward to working with the new director and will continue their push for regulatory relief.
Defining key statutory terms and identifying methods to revoke consent in the Telephone Consumer Protection Act will help reduce confusion for credit unions trying to remain in compliance, CUNA wrote to the FCC Wednesday.
The House Appropriations Committee passed its Financial Services and General Government Appropriations Act for Fiscal Year 2019 late Wednesday night, legislation with a number of CUNA-supported regulatory relief provisions.
CUNA wrote in support of a bill it called a “long overdue” modernization of the Bank Secrecy Act Wednesday. The Counter Terrorism and is expected to be marked up by the House Financial Services Committee Thursday.
Credit union supporters are encouraged to nominate individuals and organizations for the Herb Wegner Memorial Awards to be presented by the National Credit Union Foundation. Winners will be honored at the Foundation’s annual awards and fundraising gala.
Credit union-backed candidates saw success around the country in Tuesday’s primaries across five states, including in two notable races in Nevada. CUNA, the Nevada Credit Union League and CULAC backed the candidates.