Credit unions interested in offering payday alternative loans or other forms of short-term lending can get advice from an upcoming webinar hosted by NCUA Nov. 16 starting at 3 p.m. (ET). Registration is now open.
CUNA has confirmed receipt of one additional nomination for its Board elections. Nominations are now being accepted for eight open director positions on CUNA’s Board of Directors. The deadline for nominations and seconds is Nov. 6. In contested elections, voting will begin Nov. 12 and close Dec. 16.
The NCUA board voted at a special meeting Wednesday to issue a joint interagency proposal on the role of supervisory guidance. The proposal was announced last week, and comments will be due within 60 days of its publication.
CUNA supports the intent of the CFPB to eliminate abusive credit card practices but warns against requirements that would make compliance more cumbersome, CUNA responded to an RFI on the consumer credit card market, the CARD Act and its implementing regulations.
The unique credit union-member relationship requires unfettered informational communications, CUNA said in comments filed this week with the FCC on the latest round of TCPA regulations, a rulemaking is designed to implement a TRACED Act provision.
CUNA supports NCUA’s proposal on fees paid by federal credit unions, including the proposed the proposed exclusion of Paycheck Protection Program loans from a federal credit union’s total assets for purposes of calculating its operating fee.
October marks Cybersecurity Awareness Month, and CUNA’s Compliance staff take a deep dive into the briefing received by the NCUA Board on what credit union boards should be asking credit union management and their respective IT/cybersecurity staff.
The NCUA Board will conduct a meeting Oct. 28 to discuss a proposed interagency rule on the role of supervisory guidance. Federal financial regulators including NCUA released a joint proposed rule on the role of supervisory guidance Oct. 20.
CUNA wrote Reps. Barry Loudermilk (R-Ga.) and David Scott (D-Ga.) Thursday in support of their legislation that would prevent regulatory penalties for PPP lenders. Credit unions made more than $10 billion in PPP loans, helping protect more than 100,000 jobs.
NCUA board member Todd Harper joined the American Association of Credit Union Leagues’ (AACUL) Regulatory Advocacy/Compliance Advisory Committee Wednesday to discuss credit union policy issues, including responses to the COVID-19 pandemic.