Consumers suffer when credit unions are forced to curtail communications with member-owners, as they cannot receive the information they need, CUNA wrote for a House subcommittee hearing on lawsuit abuse and the Telephone Consumer Protection Act.
CUNA seeks feedback from member credit unions on the TCPA and ways it may have adversely affected the way they can communicate with members. CUNA sent a survey to member credit unions to measure compliance burdens and costs.
CUNA staff outlined some of the requirements of the July 2015 TCPA order in a meeting this week with the staff of FCC Chair Ajit Pai, explaining how they are making it difficult for credit unions to communicate with members.
CUNA urged the FCC to reject a petition seeking adoption of a rule that would change the definition of “prior express consent” regarding the TCPA, because it fails to prove the FCC has exceeded its authority.
Credit unions and small banks have been plagued by the July 2015 TCPA order from the FCC, CUNA and the ICBA wrote Wednesday. The organizations wrote leaders of the Senate Commerce Committee, and a House Energy and Commerce subcommittee.
Two items of interest to credit union have comments due this month, and CUNA will be weighing in on each with its own comment letter. The first involves the TCPA, the second the DOL's delay of its fiduciary rule.
Flaws present in the Federal Communications Commission’s implementation of the Budget Act mirror the flaws of the agency’s July 2015 TCPA order, CUNA wrote Wednesday. CUNA submitted comments on a petition for reconsideration.
CUNA will comment on a petition seeking clarifications on the Telephone Consumer Protection Act exemption for calls collecting debt owed to or guaranteed by the federal government, and will also address additional credit union concerns.
Oral arguments in the lawsuit challenging the 2015 Telephone Consumer Protection Act order began Wednesday in the D.C. Circuit Court of Appeals. CUNA filed an amicus brief in the case, and attended opening arguments.
CUNA’s final rule analysis of the CFPB changes to the TRID rule is now available. The rule, published in the Federal Register this week is effective Oct. 10, with a mandatory compliance date of Oct. 1, 2018.
While proposed changes to the CFPB prepaid accounts rule provide some clarity, it will not be helpful for most prepaid card users and CUNA remains opposed to the rule’s application of Regulation Z to certain prepaid cards.