Oral arguments begin Oct. 19 in the case brought against the Federal Communications Commission’s July 2015 order that creates restrictions for contacting members, for credit unions subject to the Telephone Consumer Protection Act. CUNA staff will attend.
CUNA is evaluating the CFPB new, 1,600-plus page rule on prepaid cards to make sure credit unions are minimally affected, assessing compliance costs for credit unions offering prepaid accounts that could be associated with the new requirements.
CUNA wrote to the U.S. Department of Defense Tuesday requesting at least a 6-month delay in the Oct. 3 effective date for changes to the Military Lending Act rule. CUNA has pushed the DOD for guidance.
Credit unions are the original financial services disrupters. And they are the original cooperative cooperators. Those two essential traits of their DNA make them the perfect business model to shake up financial services again by moving squarely into the innovative blockchain or "shared ledger" model of transactions.
With CUNA’s Bank Secrecy Act Conference, hosted in conjunction with the National Association of State Credit Union Supervisors, coming up next month, CUNA’s compliance staff went into detail of the NCUA’s BSA compliance program in a recent CompBlog entry.
The NCUA’s Tuesday announcement that it will repay the U.S. Treasury in full is a good sign for credit unions, said CUNA Chief Policy Officer Bill Hampel. The agency will repay the $1 billion outstanding balance before Oct. 31.
President Barack Obama sent greetings Thursday to those celebrating International Credit Union Day. CUNA worked closely with the White House on the statement, and a number of credit union-friendly legislators also weighed in with the White House.