CUNA President/CEO Jim Nussle wrote to Tresaury Secretary Steven Mnuchin Thursday, providing additional information about how regulations can be more manageable for credit unions. The letter was a follow-up to the roundtable Treasury conducted on financial regulations.
The House Financial Services Committee will conduct a second day of hearings on Rep. Jeb Hensarling’s (R-Texas) Financial CHOICE Act, after a hearing was conducted Wednesday. Friday’s hearing is scheduled to begin at 9:15 a.m. (ET).
Credit union advocates from throughout New York were in Albany this week to take part in the New York Credit Union Association’s 2017 State Governmental Affairs Conference (GAC). The two-day event provided attendees with opportunities to connect with state lawmakers and advocate for pro-credit union legislation.
CUNA will join forces with the National Credit Union Foundation Friday for Financial Literacy Day on Capitol Hill, an event sponsored by the Foundation. Representatives for CUNA and the Foundation will be on hand.
CUNA has released the official dates for this year’s CUNA Marketing Compliance eSchool. The program—which provides participants with a complete overview of marketing and advertising regulations, the penalties attached to them and strategies for compliance--will be held live July 11-25.
CUNA Member Experience, Sales & Service School will be Aug. 14-16 in Las Vegas. This new school teaches credit union professionals to rethink their sales-and-service practices around a positive, beneficial member experience.
Members of the House Financial Services Committee expressed many questions about the one-size-fits-all regulatory climate under the Dodd-Frank Act, as well as the effect on consumers and community financial institutions Wednesday during a hearing on the Financial CHOICE Act.
Treasury Secretary Steven Mnuchin released a broad outline of tax reform Tuesday, and while details sparse, CUNA has engaged and will continue to engage with policymakers and staff, and is working to defend the credit union tax status.
CUNA President/CEO Jim Nussle joined with National Credit Union Foundation Executive Director Gigi Hyland Wednesday to ask CFPB to work with credit unions to empower consumers with financial knowledge, in recognition of Financial Literacy Month.
Sen. John Kennedy (R-La.) introduced a bill this week to exempt credit unions and community banks with less than $10 billion in assets from the Dodd-Frank Act. CUNA believes there are some positive aspects and some concerns.
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.
As Congress works this week to fund the government past April 28, CUNA will be engaged in the process as it seeks to see 2 particular issues addressed: funding for CDFIs and the CFPB's exemption authority.
CUNA stands ready to work with legislators to see regulatory relief enacted into law, and the CHOICE Act is a good first step, CUNA wrote to House Financial Services Committee leadership Tuesday in advance of a hearing on the bill.