The CFPB should look closely at the impact its rule would have on credit unions and ways to reduce regulatory burdens, CUNA wrote to a House Financial Services subcommittee on financial institutions and consumer credit Wednesday.
The American Bankers Association filed a cross-appeal in response to NCUA’s appeal of the ruling regarding NCUA’s FOM rule. CUNA strongly supports NCUA’s appeal and believes the court erred in its finding that NCUA overstepped its authority
The signing of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) represented the culmination of a years-long advocacy process, CUNA President/CEO wrote in CU Journal in the wake of the bill’s passage.
The FHFA should review all of its existing regulations for potential improvements, CUNA wrote to the agency Monday in response to the FHFA’s regulatory review plan, which it voluntarily conducts every five years.
Both chambers of Congress are back in Washington, D.C., and CUNA is engaged with a number of activities this week, including a Wednesday House subcommittee hearing on the Bureau of Consumer Financial Protection.
CUNA urged the Bureau of Consumer Financial Protection to revisit its complaint intake system’s processes Monday in response to a bureau request for information on its public reporting practices of consumer complaint information.
Tuesday marks the busiest primary day of the 2018 election cycle, and credit unions are supporting dozens of friendly candidates in eight states, including competitive races in California, Mississippi, Alabama and New Jersey.
CUNA continued its aggressive defense of credit unions hit with predatory lawsuits claiming violations of the ADA by filing two briefs, one in the Southern District of Ohio and one in the Southern District of Texas.
CUNA moved into its new office space in Washington Monday, relocating from Pennsylvania Avenue to 99 M St SE, remaining the only national credit union trade association located in the nation’s capital.