The CFPB released proposed rules making changes to its short-term, small-dollar lending rule Wednesday. CUNA has called on the CFPB to revise its rule to ensure credit unions can continue to offer short-term, small-dollar lending options for members.
CUNA calls on policymakers to create a national data security framework, and believes that data security and privacy must be a national security priority. Enhancing information security is a key pillar in CUNA’s 2019 advocacy agenda.
CUNA called on NCUA to do more to prepare credit unions for the CECL standard in a letter sent Tuesday noting concerns with CECL's effect on financial standing of credit unions, as well as the compliance burden.
Illinois credit unions and the Illinois Credit Union League had the opportunity to meet with Consumer Financial Protection Bureau Director Kathy Kraninger in Chicago on Monday, the latest meeting between credit unions and the new director.
Finding and cultivating a strategic focus is essential to small credit unions, writes Teri Robinson, chair of CUNA’s Small Credit Union Committee in a Credit Union Times op-ed, explaining her thoughts on small credit union success
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.