A bipartisan majority of 70 U.S. senators are calling on the CFPB to tailor rulemakings to protect credit unions from regulatory burden. The combined advocacy efforts of CUNA and state leagues bring total signers from both chambers to 399.
Following up on CUNA President/CEO Jim Nussle’s appearance before the House Financial Services Committee, CUNA submitted a letter to committee chair Rep. Jeb Hensarling (R-Texas) regarding the Financial CHOICE Act, his proposed alternative to the Dodd-Frank Act.
The second phase of Same Day ACH rollout has a Sept. 15 effective date, and a list of recommended action items to be performed has been released. All financial institutions must be prepared to receive by Sept. 15.
The House Financial Services Committee will conduct a hearing on Rep. Jeb Hensarling’s (R-Texas) Financial CHOICE Act next week. CUNA President/CEO Jim Nussle said CUNA appreciated the effort to bring regulatory relief to credit unions and other institutions.