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.
CUNA wrote in support of three bills that would clarify the ability of financial institutions to serve cannabis-based businesses in states where it is legal. CUNA supports the ability of credit unions to serve member businesses when legal.
Credit unions around the country are once again active in Tuesday’s primary elections, most notably in support of Rep. Mark Amodei (R-Nev.), who has the support of the Nevada Credit Union League and CUNA.
S. 2155 contains a provision designed to allow consumers easier access to online banking. While no guidance has officially been issued yet, changes could impact a credit union’s member identification policy.
Dozens of Kansas and Missouri credit union leaders spoke on behalf of their members’ interests during a roundtable discussion Thursday for credit unions with Mick Mulvaney, acting director for the Bureau of Consumer Financial Protection.
CUNA supports the creation of a robust, comprehensive reassigned numbers database, it wrote to the FCC Thursday. CUNA has raised the issue of reassigned numbers as part of other concerns with the TCPA.