Proposed changes to the CECL standard are unlikely to be adopted by credit unions, thus CUNA urged the Financial Accounting Standards Board Monday to explore ways relief for credit unions can be achieved.
Over 100 credit union staff and volunteers attended the 2019 Credit Union Day at the Capitol in St. Paul, Minn. to help kick off the Minnesota Credit Union Network’s agenda for the legislative session.
For those who cannot attend the 2019 CUNA Governmental Affairs Conference, CUNA will live stream President/CEO Jim Nussle’s speech on Monday, March 11 on on CUNA’s Facebook page, starting at 9:30 a.m. (ET).
The CFPB announced a streamlined electronic submission system for prepaid account issuers to submit their account agreements last week. Prepaid issuers can now register for the system, the rule becomes effective April 1.
The U.S. District Court for the Western District of Pennsylvania has granted preliminary approval of a proposed settlement in First Choice Federal Credit Union v. The Wendy's Company, a data breach lawsuit brought by CUNA, leagues and credit unions affected by a data breach.
CUNA Chief Advocacy Officer Ryan Donovan wrote to 535 Congressional offices Thursday continuing CUNA’s call for data privacy and security legislation that also included letters to the House and Senate Commerce Committees this week.