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.
With the simple click of a mouse, credit union members and employees can make a difference in the lives of sick and injured children in their community. Tuesday kicks off the annual Credit Unions for Kids “Vote for Miracles” promotion.
CUNA is engaged with several hearings in Congress this week, as well as a Senate confirmation vote on the director of the Bureau of Consumer Financial Protection. CUNA wrote to Senate leadership Monday in advance of its expected vote.
While the nomination of a permanent director to lead the Bureau of Consumer Financial Protection is a positive development, CUNA believes the best solution is a multi-member, bipartisan commission, CUNA wrote to Senate leadership Monday.
The Federal Reserve and Bureau of Consumer Financial Protection jointly issued a proposal last week that would make changes to Regulation CC, which implements the Expedited Funds Availability Act and provides opportunity for comment on 2011 amendments.
The NCUA board has announced its meeting schedule for 2019. The open board meetings are generally held at 10 a.m. (ET) at the agency’s Alexandria, Va. headquarters, and video is live streamed on NCUA.gov.
CUNA strongly advocated against efforts to have the Office of the Comptroller of the Currency recommend that the Community Reinvestment Act be expanded to apply to credit unions in a letter written Tuesday.
As both 2018 and the 115th Congress wind down, CUNA will pursue several credit union priorities, and is working closely with new and returning members of Congress to set up its advocacy agenda for next year.