S. 2155 contains a provision designed to allow consumers easier access to online banking. While no guidance has officially been issued yet, changes could impact a credit union’s member identification policy.
Dozens of Kansas and Missouri credit union leaders spoke on behalf of their members’ interests during a roundtable discussion Thursday for credit unions with Mick Mulvaney, acting director for the Bureau of Consumer Financial Protection.
CUNA supports the creation of a robust, comprehensive reassigned numbers database, it wrote to the FCC Thursday. CUNA has raised the issue of reassigned numbers as part of other concerns with the TCPA.
CUNA wrote House leadership in opposition to a bill that would make rescissions from a part of the Treasury’s Community CDFI Fund. The bill would rescind $141 million from the CDFI Fund’s Capital Magnet Fund.
CUNA Chief Advocacy Officer Ryan Donovan said a multimember commission leading the CFPB would provide more consistency for the entities affected by bureau activities Wednesday, in response to the bureau restructuring its outreach activities.
Credit union-supported candidates found success during Tuesday’s primaries across eight states, including several in notable and competitive races. Candidates are supported by state leagues, CUNA and the Credit Union Legislative Action Council.