CUNA is encouraging credit unions to submit their comments on the CFPB proposal to raise the safe harbor thresholds for its remittance rule by the Jan. 21 deadline. Stakeholders can use CUNA’s Grassroots Action Center to submit comments.
The NCUA board will consider proposals on subordinated debt and credit union combination transactions, among other items, at its Jan. 23 meeting. This is the board’s first meeting of 2020, and it will be livestreamed on NCUA.gov starting at 10 a.m. (ET).
Credit union purchases of banks offer substantial benefits to all parties involved, CUNA and the MWCUA wrote this week to the Colorado Banking Board in support of Elevations CU plan to purchase and assume Cache Bank & Trust.
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.
Congress is expected to consider legislation this week to fund the federal government past Nov. 21, when funding is set to expire. CUNA will also be engaged with several hearings in both chambers this week.
CUNA will host a free webinar Nov. 20 discussing patent enforcement of remote deposit capture technology, particularly in the wake of the $200 million verdict awarded to USAA from Wells Fargo earlier this month scheduled to begin at 1 p.m. (ET).
Funding for the federal government is set to expire Nov. 21, though Congress is expected to consider another continuing resolution this week to fund the government through Dec. 20, according to reports.