Credit unions need regulatory relief regarding the TCPA, CUNA wrote to the Senate Commerce Committee Tuesday. CUNA sent its letter for the record of the committee’s hearing on oversight of the Federal Communications Commission.
This year has been a “wildly successful year in credit union advocacy,” CUNA Chief Advocacy Officer Ryan Donovan said, and during the August recess credit unions have a great opportunity for additional efforts.
News Now, Policy and President Donald Trump signed the NDAA for FY19 Monday at Fort Drum, enacting the legislation without a provision CUNA fought to remove that could have negatively impacted military credit unions.
CUNA continued its pushback against banker falsehoods Tuesday with a message to Congressional staffers showing that, despite banker claims to the contrary, credit unions generated $17.1 billion in federal, state and local taxes.
The House passed a bill Tuesday that contains a CUNA-backed provision to delay the implementation date of NCUA’s risk-based capital rule back to Jan. 1, 2021, from the currently scheduled Jan. 1, 2019 date.
CUNA urged the Senate Banking Committee to delay NCUA’s risk-based capital rule, and eliminate maturity limits on federal credit union loan in a letter sent for the committee’s hearing on enhancing consumer access to capital.
CUNA will be heavily engaged with a Senate Banking Committee hearing on ways to increase consumer access to capital, and will support bill to delay implementation of NCUA’s risk-based capital as it comes up for House consideration.
CUNA President/CEO Jim Nussle, Chief Advocacy Officer Ryan Donovan and Deputy Chief Advocacy Officer Elizabeth Eurgubian met with NCUA Chairman J. Mark McWatters Monday to discuss credit union issues, most notably regulatory relief.
Credit unions will support dozens of candidates in Tuesday’s elections, including primaries in Colorado, Maryland, New York, Oklahoma and Utah, and runoffs in Mississippi and South Carolina. Candidates are supported by CUNA, leagues and CULAC.
CUNA compliance staff has updated its MLA fee comparison spreadsheet for the second quarter of 2018. CUNA launched this resource in October to help credit unions determine which fees are considered “reasonable and bona fide” under the MLA.
CFPB regulations should be appropriately tailored and based on data, CUNA Chief Advocacy Officer Ryan Donovan wrote in a Credit Union Journal op-ed that appeared Friday, noting that credit unions need more relief from the bureau.
Following the years of effort it took for S. 2155 to be constructed, introduced and signed into law, CUNA President/CEO Jim Nussle said credit unions are continuing to build on that momentum toward additional relief.