CUNA issued a letter urging House leadership to Title XVII of the House Amendment to S. 488, the JOBS and Investor Confidence Act of 2018, which would delay the risk-based capital rule recently finalized by NCUA.
CUNA joined other trade associations in sending a letter to House leaders urging the adoption of an amendment to the Financial Services and General Government appropriations bill to prohibit the U.S. Postal Service from providing banking services.
Members of the military, veterans, and their families lost more than $25 million last year to imposter scams. To battle the problem, NCUA and the Federal Trade Commission are hosting a live Facebook event on July 17 to help military consumers learn how to protect themselves.
Changes are needed regarding how the Bureau of Consumer Financial Protection handles complaints, CUNA told the bureau in response to its request for information on the consumer complaint and inquiry process.
New warranty and indemnity rights, liabilities and obligations under Regulation CC became effective July 1, creating a new Remote Deposit Capture Indemnity to address the allocation of liability when it accepts remote deposit capture.
CUNA urged the BCFP Friday to regularly assess its overall complaint system for compliance burden relief opportunities, in response to a bureau request to OMB to renew information collection associated with its Company Portal.
CUNA President/CEO Jim Nussle and Deputy Chief Advocacy Officer Elizabeth Eurgubian attended roundtable discussion Thursday with BCFP Acting Director Mick Mulvaney on the bureau's series of RFIs on how it performs its functions.
CUNA joined other trade organizations Thursday to back the Senate's TRID Improvement Act of 2018, which would amend RESPA to allow the accurate disclosure of title insurance premiums and any potential available discounts to homebuyers.