NCUA finalized two rules Thursday, one on stress testing, and one on advertising. The stress testing rule is effective June 1, the advertising rule will be effective 30 days after publication in the Federal Register.
The House voted to advance two tax-related bills Wednesday, bipartisan bills passed earlier by the House Ways and Means Committee. The bills are designed to protect taxpayers and improve accountability at the IRS.
Michigan Credit Union League President/COO Ken Ross joined Michigan Bankers Association President/CEO Rann Paynter last week to urge members of the Michigan congressional delegation to support S. 2155.
The Indiana Credit Union League joined with its state banking counterpart to urge members of Indiana’s congressional delegation to support the Economic Growth, Regulatory Relief and Consumer Protection Act.
The Consumer Financial Protection Bureau is seeking applicants for its Credit Union Advisory Council, which advises the bureau on the credit union industry. Applications are now being accepted through April 23.
Achieving regulatory relief for credit unions requires alliances and teamwork, CUNA President/CEO Jim Nussle wrote Friday. Nussle noted that the bipartisan bill awaiting House consideration is supported by such an alliance.
The CFPB's latest RFI seeks feedback on its handling of consumer complaints and inquiries. This is the 12th RFI announced as part of a call to ensure the bureau is fulfilling its proper and appropriate functions.
Credit union priorities were discussed during CFPB Acting Director Mick Mulvaney’s second day of testimony before Congress Thursday, this time before the Senate Banking Committee. Mulvaney appeared before the House Financial Services Committee Wednesday.
Credit unions were well represented at this year’s Financial Literacy Hill Day Thursday, as CUNA and the National Credit Union Foundation manned a booth at the Hart Senate Office Building during the day’s event.