CUNA is encouraging credit unions to submit their comments on the CFPB proposal to raise the safe harbor thresholds for its remittance rule by the Jan. 21 deadline. Stakeholders can use CUNA’s Grassroots Action Center to submit comments.
The NCUA board will consider proposals on subordinated debt and credit union combination transactions, among other items, at its Jan. 23 meeting. This is the board’s first meeting of 2020, and it will be livestreamed on NCUA.gov starting at 10 a.m. (ET).
Credit union purchases of banks offer substantial benefits to all parties involved, CUNA and the MWCUA wrote this week to the Colorado Banking Board in support of Elevations CU plan to purchase and assume Cache Bank & Trust.
Comments on NCUA's threshold for which an appraisal is required, a Consumer Financial Protection Bureau proposal on raising the remittance threshold and a CFPB request for information on the TRID rule are due in January.
CUNA and several organizations petitioned the U.S. Supreme Court to review a case involving Fair Housing Act claims filed by municipalities due to a “significant interest in ensuring the Fair Housing Act is enforced in a fair and reasonable way.”
Rep. Denny Heck (D-Wash.), a longtime friend of credit unions in Congress and former credit union employee, announced last week he will not seek re-election in 2020. Heck has served in Congress since 2013.
The new year marks not only the start of a new decade, but the effective date of several important rules for credit unions, including the extended HMDA reporting threshold and NCUA's "second chance" initiative.
President Donald Trump signed the final version of the fiscal year 2020 NDAA Friday, without a provision that would have allowed certain banks to obtain cost waivers to operate on military installations, a victory for credit unions.
CUNA, Leagues and credit union members brought their issues to policymakers throughout 2019, resulting in important victories for credit unions in the legislative, regulatory and legal arenas, all to help credit unions better serve 115 million Americans.
CUNA supports FHFA's proposal to require Fannie Mae and Freddie Mac, to rely upon larger, multiple-lender pools, it wrote in a response to a request for information on the pooling practices for the GSEs’ Uniform Mortgage-Backed Security.
A CUNA-supported Senate bill strikes the correct balance between combating fraud and maintaining financial institution integrity, by limiting banking regulators’ ability to discourage depository institutions from maintaining a relationship with specific customers.
The House passed a government funding package Tuesday funding the federal government to Sept. 30, 2020. The two bill package also contains funding for credit union priorities and report language CUNA strongly supports.