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.
A question was recently posed to CUNA’s compliance staff about the Right to Financial Privacy Act. Specifically, what type of documentation is required from a federal government agency when it requests financial information on a member?