The Senate Banking Committee voted Thursday in favor of Kathy Kraninger’s nomination to become director of the Bureau of Consumer Financial Protection. Kraninger currently serves in the Office of Management and Budget.
CUNA and the League system are seen as the most influential financial services organizations and one of the most effective advocacy organizations in Washington, according to an independent study conducted by Ballast Research.
The Financial Accounting Standards Board officially issued its proposal making several CUNA-backed changes to its current expected credit loss standard, first agreed to at its July board meeting. Comments will be due Sept. 19.
CUNA will be engaged with the Senate Banking Committee’s markup of several nominees Thursday, most notably director of Bureau of Consumer Financial Protection nominee Kathy Kraninger, currently scheduled for Thursday.
CUNA Senior Director of Advocacy and Counsel Alexander Monterrubio appeared on CUBroadcast recently to discuss CUNA’s latest efforts at finding a solution to credit unions being hit with abusive lawsuits under the ADA.
The Department of Housing and Urban Development should issue a proposed rule to make necessary changes to its 2013 disparate impact rule to confirm to a 2015 U.S. Supreme Court ruling, CUNA wrote Friday.
Credit unions need regulatory relief regarding the TCPA, CUNA wrote to the Senate Commerce Committee Tuesday. CUNA sent its letter for the record of the committee’s hearing on oversight of the Federal Communications Commission.