The Bureau of Consumer Financial Protection issued its Fall 2018 rulemaking agenda this week, with several items reflecting CUNA’s advocacy with the bureau. The agenda is a snapshot of the bureau’s regulatory priorities into 2019.
The NCUA board voted to approve a final risk-based capital rule Thursday, that provides regulator relief for credit unions. While CUNA has concerns with NCUA’s overall approach to risk-based capital, it supports the changes.
A court decision that broadens the definition of an automated telephone dialing system is flawed and should be rejected, CUNA wrote to the Federal Communications Commission Wednesday in response to an FCC petition.
Rep. Blaine Luetkemeyer (R-Mo.) formally introduced his data breach notification bill Friday, a bill containing several principles CUNA believes are essential to any data breach legislation, including a national notification standard.
CUNA supports the creation of an efficient, effective and fair secondary market with equal access for lenders of all sizes, it wrote to the House Financial Services Committee Thursday, following a joint letter sent Wednesday.
The Fourth Circuit of Appeals will hear arguments Oct. 30 in an appeal by DOL FCU in a frivolous lawsuit alleging website noncompliance with the ADA. CUNA filed a brief in the case, its first at the appellate level.
NCUA Chairman J. Mark McWatters will be among federal financial regulators testifying before the Senate Banking Committee Sept. 13 on implementation of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155).
Policymakers should cement recent government-sponsored entity reforms and look to complete additional necessary reforms, CUNA wrote Wednesday in a joint letter for the record of a House Financial Services Committee hearing on GSEs.
Six Senators wrote to Attorney General Jeff Sessions Wednesday with concerns shared by CUNA over how the ADA applies to websites, urging DOJ to “promptly take all necessary and appropriate actions within its authority.”
CUNA President/CEO Jim Nussle, former Congressman and OMB director, discussed grassroots advocacy, the Bureau of Consumer Financial Protection and the appropriations process Wednesday in an interview with National Journal.
NCUA should raise the eligibility limit for an 18-month exam cycle to $3 billion, fixing a regulatory disparity that leaves credit unions with an uneven playing field, CUNA President/CEO Jim Nussle wrote to NCUA Monday.
The House and Senate are both back in Washington, D.C. this week, and CUNA is engaged with several activities, including ongoing discussions to fund the federal government after Sept. 30, and a hearing on GSE reform.
NCUA’s latest supervisory letter addresses compliance with the new CDD and beneficial ownership rules. According to the agency, field staff will begin evaluating credit union compliance with the new CDD rules soon.