Federal government funding is scheduled to expire Dec. 20, and reports indicate Congress has reached tentative agreement to prevent funding from lapsing. Should no agreement be reached by Dec. 20, the federal government would shut down.
CUNA’s efforts to attract diverse candidates to serve on its Board of Directors was recently covered in CEO Update discussing the Board Recruitment Committee’s efforts to find and encourage candidates to run for a seat on CUNA’s board.
The NCUA board approved a two-year delay on its risk-based capital rule at its Thursday meeting, in addition to approving the agency’s 2020-21 budget. NCUA staff also indicated the NOL will remain at 1.38% for 2020.
The CFPB issued a request for public comment on an assessment it will conduct on the TRID rule, to address the TRID Rule’s effectiveness in meeting the purposes and objectives of Title X of the Dodd-Frank Act, the specific goals of the rule and more.
The Senate passed a bill Thursday afternoon and President Donald Trump signed it Thursday evening, avoiding a government shutdown and extending federal government funding and the National Flood Insurance Program through Dec. 20.
CUNA would prefer that Congress move beyond the Gramm-Leach-Bliley Act and develop a uniform privacy and data security law that regulates data and privacy protections based on the type of data instead of the current sector-specific approach
CUNA filed an amcicus brief with the U.S. Supreme Court this week saying the TPCA as currently implemented harms credit unions member by hindering the flow of important information and forces them to bear the costs of TCPA lawsuits.
The NCUA board issued a proposed rule to raise the threshold for which an appraisal is required for a residential real estate transaction to $400,000 at its Thursday meeting. CUNA specifically requested such a rulemaking in and Oct. 3 letter to the agency.
NCUA’s Minority Depository Institution Preservation Program is well-placed to support MDI credit unions’ resiliency and bolster the chances minority and underserved communities have access to financial opportunities, CUNA wrote Wednesday.
A bipartisan letter from 10 members of Congress urged the USAID to complete its procurement reform process in a manner that ensures awards and contracts made by USAID are awarded to small civil-society based organizations, including credit unions.
A recording of CUNA’s webinar on USAA remote deposit capture lawsuits is now available for free to CUNA members. Those who registered for the live webinar can view the recording, others can register to view the recorded version.
CUNA Chief Economist Mike Schenk thanked NCUA for its transparency on budget priorities and noted the agency’s budget justification is clear, comprehensive and well-developed at NCUA 2020-21 budget briefing Wednesday.