The House passed the CUNA-backed bill Monday that would prevent regulators from requesting termination of certain accounts without a material reason. The Financial Institution Consumer Protection Act is consistent with CUNA’s bipartisan, pro-consumer Campaign for Common-Sense Regulation.
FinCEN launched a new program last week, FinCEN Exchange, to enhance information sharing between law enforcement and financial institutions. Credit union participation in the program is voluntary, and the program does not introduce any new regulatory requirements.
CUNA Board Chairman Pat Jury urged credit unions to maintain the momentum and keep the Senate’s bipartisan regulatory relief bill moving forward in an action alert to credit unions. S. 2155 passed committee Tuesday with a 16-7 vote.
Small credit unions will have the opportunity to win one of two full scholarships to the 2018 CUNA GAC in Washington, D.C., through a contest that starts Monday from CUNA and sponsored by CUNA Mutual Group.
CUNA wrote to House Financial Services Committee leadership Thursday in support of several regulatory relief bills being discussed at the committee’s hearing. The bills would provide relief on several fronts.
CUNA Chief Advocacy Officer Ryan Donovan spoke at a International Volunteer Day panel hosted by Volunteers for Economic Growth Alliance this week, sharing his experiences earlier this year on an advocacy journey to Ukraine.