The National Credit Union Foundation has approved grants totaling $54,000 for three organizations to work with the Center for Financial Services Innovation to develop financial health-related key performance indicators.
CUNA supports an approach to federal credit union bylaws that provides those institutions flexibility to work within the bylaws, as well as an efficient amendments process when deviation is appropriate, CUNA wrote to NCUA Monday.
CUNA President/CEO Jim Nussle appeared as the inaugural guest on “The CUInsight Experience,” a podcast featuring thought leaders from around the credit union community, sharing the latest on CUNA’s advocacy efforts.
CUNA Chief Advocacy Officer Ryan Donovan met with senior administration officials at the White House Tuesday to discuss credit union advocacy priorities for 2019, CECL, the NCUA board and housing finance reform, among other topics.
Sen. Mike Rounds (R-S.D) introduced a Senate version of a CUNA-backed bill to delay implementation of NCUA’s risk-based capital (RBC) rule by two years, to January 2021. The bill has a House companion.
The Defense Credit Union Council announced the formation of its new Military Advocacy Committee, designed to help shape and guide the conversations on hot button issues such as the Military Lending Act, GAP insurance, and no-cost land leases.
The FCC approved a Report and Order Wednesday to create a reassigned numbers database to combat unwanted robocalls. CUNA has strongly pushed for such a database as part of its ongoing advocacy to resolve issues related to the TCPA.
The NCUA board will hear recommendations from the agency’s Regulatory Reform Task Force at its Thursday meeting. Scheduled for 10 a.m. (ET), the meeting is the board’s final of 2018 and will be streamed live.
Application of the CECL standard to credit unions continues to be inappropriate, CUNA wrote Tuesday, citing the direct effect the standard will have on credit unions’ financial positions and concerns about the compliance burden.
The Bureau of Consumer Financial Protection will issue a proposal to revise its current “No-Action” letter policy following CUNA efforts to have the bureau amend to provide clarity regarding enforcement and supervision expectations.