CUNA filed a petition Friday with the Federal Communications Commission regarding the Telephone Consumer Protection Act, outlining how it can provide credit unions with regulatory relief from the onerous requirements for communicating with member-owners. In the petition, CUNA proposes two routes for providing credit unions with greater ability to communicate with consumers about information they want and need on their cell phone.

Credit unions scored critical wins Thursday in the House Appropriations Committee’s markup of the Financial Services and General Government Appropriations Act for Fiscal Year 2018.

In addition to issuing 2 proposals, the NCUA board finalized 3 rules Friday, and heard an update on the agency’s Enterprise Solutions Modernization program. The final rules involve safe harbor, inflation of penalties and FOIA.

Jim Nussle, a former eight-term congressman and director of the White House Office of Management and Budget for President George W. Bush who was announced as CUNA's new president/CEO Tuesday, will assume his new role in Washington in the coming weeks.

In the event that a credit union member elects to revoke his or her overdraft opt-in status, CUNA has recommended that credit unions react by honoring this request "as soon as realistically possible."