CUNA will be engaged with several hearings on Capitol Hill this week, as both chambers are in session and discussions continue to fund the federal government past Feb. 15. CUNA will also be monitoring Tuesday’s State of the Union address.
The CFPB Friday published resources on HMDA reporting for data collected in 2019. The chart is intended as a reference tool for data points required under Regulation C, but is not a substitute for the 2019 Filing Instructions Guide.
President Donald Trump nominated Todd Harper to serve as an NCUA board member today. Until 2017, Harper served as the Director of Public and Congressional Affairs and as the Chief Policy Advisor to the Chairman at the NCUA.
CUNA Chief Advocacy Officer Ryan Donovan thanked Sen. Mike Crapo (R-Idaho), chair of the Senate Banking Committee, for his initiative in addressing housing finance reform after Crapo released an outline of legislation on Friday.
CUNA wrote in support of a bill Thursday that would update thresholds for certain reporting thresholds contained in the Bank Secrecy Act, calling it a modernization that will give relief to credit unions without impeding law enforcement.
CULedger, a credit union-owned CUSO that focuses on delivering the world’s premier network of one-to-one digital exchange for credit unions, announced this week that it has achieved its goal of $10 million in Series A funding.
Comments on the Consumer Financial Protection Bureau’s proposed Regulation CC amendments are due Feb. 8 and comments on its No-Action Letter policy are due Feb. 11. CUNA will submit comment letters on both proposals.
CUNA wrote to the FHFA Tuesday opposing its proposed Federal Home Loan Bankaffordable housing goals regulations because they specifically exclude credit unions from being eligible to participate in the smaller member participation goal.
The U.S. District Court for the Northern District of Georgia granted in part and denied in part Equifax’s Motion to Dismiss the claims brought against it in the 2017 data breach lawsuit initiated by financial institutions.