The CFPB should avoid impacts on first-party debt collectors in its rulemakings, CUNA wrote in response to its proposal on debt collection that would make certain amendments to third-party debt collector rules under the Fair Debt Collection Practices Act.
Credit union members see $12 billion in savings annually from credit unions, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices, part of the reason 115 million Americans have chosen credit unions.
Credit unions have a proven track record of protecting interests of their members, because they are the owners too, CUNA wrote to House leadership this week, and the hallmark of any member-owned institution is establishing a dispute resolution process.
Registration is now open for the largest credit union advocacy event of the year, the 2020 CUNA GAC. The event will take place Feb. 23-27 at the Walter E. Washington Convention Center in Washington, D.C.
The Senate Appropriations financial services and general government subcommittee passed its fiscal year 2020 bill Tuesday, a bill that funds the Treasury’s CDFI Fund at $251 million, a $1 million raise from this fiscal year.
The CFPB should take special note of the challenges faced by credit unions and other smaller mortgage lenders in the absence of certain expansions of the Qualified Mortgage safe harbor, CUNA wrote to the CFPB Monday.
FinCEN announced the launch of its Global Investigations Division, which will investigate and target terrorist finance and money laundering threats and work more closely with foreign counterparts to coordinate actions against such threats.
The CUNA Board of Directors, led by Brett Martinez, president/CEO of Redwood CU, voted in favor of a resolution to clearly and prominently establish diversity, equity and inclusion as a cooperative principle of America’s credit unions.
CUNA Chief Economist Mike Schenk spoke with Money.com recently about what consumers should know when borrowing against their homes, specifically the ins and outs of a home equity line of credit and what homeowners should research.
The NCUA board will vote on the its final PAL II rule, as well as final rules on supervisory committee audits and federal credit bylaws Thursday. The meeting will take place at 10 a.m. (ET) and will be streamed online.
Credit unions consistently cite the CECL standard as one of, if not the, biggest compliance challenge they are facing, and FASB should search for any opportunities to provide relief to credit unions, CUNA wrote Wednesday.
Credit union supporter Greg Murphy (R) won a special election Tuesday to represent North Carolina’s 3rd Congressional District, filling the seat vacated by the passing of Rep. Walter Jones (R-N.C.) by taking 61.7% of the vote.