Credit unions and leagues from New Jersey and the Dakotas were in Washington, D.C. this week as part of continuing CUNA/league advocacy efforts into the new Congress to discuss several issues of interest to credit unions and their members.
CUNA supports the Federal Reserve developing a real-time payments network, it wrote to the Fed’s board of governors Friday. CUNA sent its comment letter in response to a Fed call for comments on its faster payments proposal.
CUNA joined the National Association for Federally Insured Credit Unions and CUNA Mutual Group Thursday to file a brief in support of NCUA and its FOM rule, which was challenged by the American Bankers Association.
The Senate voted today to confirm Kathy Kraninger as the next director of the Bureau of Consumer Financial Protection. Kraninger replaces Acting Director Mick Mulvaney, and will serve a five-year term as director.
CUNA today announced that Malcolm Gladwell, author of New York Times bestselling books such as The Tipping Point and Blink, will deliver a keynote address at the 2019 CUNA Governmental Affairs Conference.
Senate Majority Leader Mitch McConnell (R-Ky.) announced the Senate will vote Thursday on the nomination of Kathy Kraninger to lead the Bureau of Consumer Financial Protection. Kraninger was nominated to replace Acting Director Mick Mulvaney.
For the second straight year, CUNA will award two small credit unions full scholarships to the CUNA Governmental Affairs Conference via a contest run through the CUNA Small Credit Union Community, sponsored by CUNA Mutual Group.
CUNA generally supports NCUA’s proposed rule on real estate appraisals, it recommended several substantive changes in potentially problematic areas in its comment letter submitted Monday. CUNA supports the agency’s efforts to reorganize the appraisal regulation.
CUNA, leagues and credit unions participated in a DOJ roundtable Monday to discuss topics related to the Americans with Disabilities Act. CUNA raised the need for clarity through guidance or a rulemaking on ADA website accessibility standards.
Members of the California congressional delegation wrote to the BCFP to urge it to implement protections regarding PACE financing. The California Credit Union League worked with the members of Congress to create and build support for the letter.
CUNA met with the Department of Labor Monday to discuss several credit union related issues Monday. In addition to discussions on rulemakings, CUNA provided data estimating the credit union sector supports nearly 900,000 jobs nationally.
CUNA will be engaged with Congressional negotiations to fund the federal government and extend NFIP this week, as both are scheduled to expire Friday. The Senate is also expected to vote on Kathy Kraninger to serve as BCFP director.
The FFIEC released its second update on its Examination Modernization Project this week providing common risk tailoring principles and practices used by federal regulators, including NCUA, and FFIEC’s State Liaison Committee.