Credit unions are invited to learn more about the Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund’s Small-Dollar Loan Program during a webinar scheduled for Thursday, May 27, beginning at 2 p.m. (ET).
The Open Your Eyes to a Credit Union® campaign has reached billions of consumers who are “in-market” for a financial service, Credit Union Awareness Executive Director Chris Lorence wrote recently in Credit Union Times.
NCUA should finalize pending rulemakings on the Capitalization of Interest in Connection with Loan Workouts and Modifications proposal, and the Transition to the CECL Methodology, CUNA wrote members of the NCUA board Thursday.
The NCUA will issue a request for comment on the Normal Operating Level (NOL) policy and vote on a final derivatives rule at its May 20 meeting. The meeting will take place at 10 a.m. (ET) via live audio stream at NCUA.gov.
CUNA has significant concerns with H.R. 2547, it wrote to House leadership Thursday. Of primary concern is a provision that would prohibit credit scoring models from treating certain medical debt information as a negative factor on a credit report.
NCUA encourages credit unions interested in learning more about the Treasury Department’s Emergency Capital Investment Program to join an “Ask the Regulators” webinar hosted by NCUA and other federal financial regulators May 24, beginning at 3 p.m. (ET).
NCUA will host a webinar May 26, to provide credit unions with information about protecting their organizations and their members from cyberattacks. Online registration for the webinar, “Critical Security Controls and Cyber Hygiene,” is open now.
The Senate voted 52-47 Tuesday night in favor of a CUNA-backed repeal of the Office of the Comptroller of the Currency’s “true lender” rulemaking. CUNA wrote Senate leadership Tuesday supporting the repeal, which was done via the Congressional Review Act (CRA).
CUNA and other organizations wrote to House leadership Tuesday with concerns over language in debt collection legislation that would reverse a unanimous 2019 U.S. Supreme Court decision on what qualifies as a debt collector under the FCDPA.
Congress should carefully assess the costs and benefits of imposing a new level of data collection on the already over-complicated tax reporting structure, CUNA and other organizations wrote Monday to a Senate Finance Subcommittee.