In a letter to the Federal Communications Commission (FCC), CUNA and other organizations expressed concerns that legitimate calls are continuing to be blocked by voice service providers (VSP) under the STIR/SHAKEN caller identification framework meant to target illegal robocalls.
CUNA filed a comment letter in support of NCUA’s proposed rule on joint ownership for share accounts. The proposal addresses the requirement for separate joint account insurance that each co-owner of a joint account has personally signed a membership card or account signature card.
NCUA and other federal regulatory agencies requested public comment on new and revised Interagency Questions and Answers Regarding Flood Insurance in light of changes to flood insurance requirements under the agencies’ joint rule regarding loans in special flood hazard areas.
The NCUA and CFPB released their Spring 2020 rulemaking agendas. The agendas cover regulatory issues the agencies expect to work on in the coming months, but are mostly predictions and can be amended at any time.
FinCEN has issued guidance to address questions related to Bank Secrecy Act/Anti-Money Laundering regulatory requirements for hemp-related business customers. This covers hemp-related businesses, not marijuana-related businesses, which are covered by FinCEN’s 2014 guidance.
CUNA generally supports NCUA’s proposal on subordinated debt but offered several suggestions to improve the rule.The proposal would permit low-income designated, complex and new credit unions to issue subordinated debt for purposes of regulatory capital treatment.
CUNA supports a bill that would make modernizations to the Electronic Signatures in Global and National Commerce Act’s provisions regarding requirements to consent to electronic disclosures. The E-Sign Modernization Act of 2020 was introduced Thursday.
A new opportunity for HR professionals to review current regulations is now available through CUNA HR Compliance Rule Changes Virtual Conference happening July 28 and 30. Attendees will address regulatory changes stemming from COVID-19.
The House Armed Services Committee passed its version of the fiscal year 2021 National Defense Authorization Act early Thursday without a provision expanding a military base lease exemption. CUNA and Leagues pushed to ensure the provision was not included.