Federally insured, low-income credit unions that want to become certified Community Development Financial Institutions can apply to use the NCUA’s qualification process for streamlined CDFI certification from Jan. 13 through Feb. 9. 

The 2019 speakers for CUNA Collections & Bankruptcy School include a range of experts from attorneys, consultants and collection professionals. The school is scheduled for Sept. 16-19, 2019 in St. Louis, Mo.

CUNA and credit unions saw a major win Thursday when the 4th Circuit Court of Appeals ruled in favor of DOL FCU, a credit union hit with a frivolous lawsuit claiming violations of the Americans with Disabilities Act.

CUNA Councils announced a new benefit for members, a file library for important documents. The Councils Community, a networking and communication tool, is a resource voted one of the top benefits by members in the annual survey. 

CUNA President/CEO Jim Nussle and Chief Advocacy Officer Ryan Donovan discussed the 116th Congress and its ability to work across party lines for key credit union issues, including the federal data protection legislation.

Comments on proposals from NCUA and the FHFA are among the deadlines in January. The NCUA proposals involve bylaws and fidelity bonds, while the FHFA proposal deals with amendments to FHLB housing goals.

Partial funding for the federal government ran out as members of Congress were unable to pass legislation for funding past Dec. 21. NCUA will continue to operate through the shutdown, as it is not funded through the appropriations process.

CUNA expressed multiple concerns with CFPB data collection policies in a letter sent on Thursday, Dec. 27 in response to a request for information from the bureau on the efficiency and effectiveness of its data collection processes.

CUNA and the Wisconsin Credit Union League filed an amicus brief Friday with the Wisconsin Supreme Court supporting a narrow interpretation of the Wisconsin Consumer Act (WCA). Plaintiff’s attorneys in Wisconsin have been targeting lenders, including credit unions, with litigation under the WCA. CUNA and the league argue these suits are frivolous and could affect access to credit.  

CUNA offices will be closed Dec. 24-25 and Jan. 1. There will be no morning Daily news e-mail from Dec. 24 to Jan. 1. CUNA News e-mails will be sent with any notable developments morning Daily e-mails will resume Wednesday, Jan. 2.