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.
CUNA’s compliance staff was recently asked a question about a credit unions’ obligation under the Americans with Disabilities Act regarding service animals, and a recent CompBlog post outlines what credit unions should know.
A federal appeals court voided the Department of Labor’s fiduciary rule Thursday, saying it was an arbitrary exercise of administrative power. CUNA believes would have created additional compliance burdens for credit unions.
The CFPB's latest request for information seeks feedback to assist the bureau in considering whether it should amend any rules it has issued since its creation or issue rules under new rulemaking authority.
The House voted Thursday 283-133 in favor of the CUNA-backed Financial Institutions Examination Fairness and Reform Act (H.R. 4545), which would provide for an independent appeals process at the Federal Financial Institutions Examination Council.
The Senate passed the CUNA-backed, bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) Wednesday, in a strong step forward for much-needed regulatory relief for credit unions and other community financial institutions.
Credit unions are harmed by poorly tailored rules, CUNA President/CEO Jim Nussle wrote to House Committee on Government and Reform leadership Wednesday, for the the record of its hearing on the regulatory process.
The House passed a CUNA-backed bill that would require regulators to tailor their rulemakings to the risk level of the institutions affected. The TAILOR Act is consistent with CUNA’s Campaign for Common-Sense Regulation.