The CFPB should extend the comment deadline on its advance notice of proposed rulemaking on credit card late fees and late payments by 60 days, CUNA wrote, as the ANPR issued last week has a 30-day comment deadline.
The House Financial Services Committee advanced two CUNA-supported bills Thursday: the Close the ILC Loophole Act (H.R. 5912) and Downpayment Toward Equity Act of 2021 (H.R. 4495). CUNA wrote in support of both bills prior to the committee’ markup.
A House Energy and Commerce subcommittee passed a CUNA-supported bill to authorize the use of remote online notarization and create national standards and protections for its use by a unanimous 22-0 vote Thursday.
The CUNA Board of Directors hosted Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra Wednesday to discuss credit union priorities and how the Bureau can support credit unions in their mission to promote financial well-being for all.
CUNA commented on data security/privacy and remote notary legislation prior to a House Energy and Commerce subcommittee markup, the American Data Protection and Privacy Act (H.R. 8152) and the SECURE Notarization Act of 2021 (HR. 3692).
CUNA strongly supports $50 million for USAID's Cooperative Development Program, it wrote to a House Appropriations subcommittee Wednesday. CUNA also asks Congress to support funding for USAID’s existing partners in Ukraine, specifically credit unions.
CUNA and other organizations continue to support to adoption of SIP Code (signaling protocol) 608 to provide notification to callers that a voice service provider has blocked their call using analytics, they wrote to the Federal Communications Commission Wednesday.
Federal regulators, including the Consumer Financial Protection Bureau and NCUA—issued the Spring 2022 Unified Agenda of Regulatory and Deregulatory Actions. The agendas identify projects under consideration from the agencies from June 1 to May 31, 2023.
Eleven credit union-friendly candidates won primary races in Virginia and primary runoff elections in Alabama and Georgia Tuesday. The Credit Union Legislative Action Council (CULAC) and state leagues have backed 187 credit union proponents this cycle with a 98% success rate.
Congress should act to close the industrial loan company (ILC) loophole, CUNA wrote the House Financial Services Committee Tuesday prior to its markup of bills that include the Close the ILC Loophole Act (H.R. 5912)
Credit Union Magazine’s Spring 2022 edition highlights inclusive lending, succession planning, fair lending and artificial intelligence, and the use of environmental, social, and governance (ESG) as a competitive differentiator.