The CFPB released a new Elder Financial Exploitation report this month, based on data obtained from Suspicious Activity Reports filed between 2013 and 2017. It will conduct a webinar April 9 highlighting the findings of the report.
The CFPB announced Thursday amendments to its advisory committee charters, which include the Credit Union Advisory Council, and also announced it will begin accepting applications for new council members soon.
The CFPB last week released a small entity compliance guide for its short-term, small-dollar loan rule. The guide highlights information that may be helpful when implementing the payment-related questions of the rule.
CUNA met with Federal Communications Commission staff throughout this week to discuss the need for clarity surrounding the definition of an autodialer, and for modernization of the Telephone Consumer Protection Act.
The 2019 CUNA GAC, the credit union industry’s largest event, kicks off in just over two weeks and registration is still open. CUNA President/CEO Jim Nussle encouraged credit unions to participate in an event that “shapes our industry.”
CUNA and the World Council of Credit Unions jointly wrote to support the Internal Revenue Service’s (IRS) proposed rule reducing regulatory burdens related to the Foreign Account Tax Compliance Act (FATCA).
The credit union movement’s overall capital-to-asset ratio increased from 10.8% in November to 11.0% in December, according to CUNA’s Monthly Credit Union Estimates for December 2018, and the total dollar amount of capital increased 1.4% to $162.3 billion.
The D.C. Circuit Court of Appeals has scheduled oral arguments for the lawsuit challenging NCUA’s field-of-membership rule for April 16 at 9:30 a.m. (ET). CUNA will attend, and previously filed a brief in support of NCUA’s rule.
CUNA wrote to newly confirmed Attorney General William Barr Tuesday to call attention to the legal threats facing credit unions due to uncertainty with how the ADA applies to websites, specifically highlighting the toll these suits have on credit unions.
Carolinas credit unions this week have launched digital-first messaging inviting consumers in both states to “Open Your Eyes to a Credit Union,” CUNA and the Carolinas Credit Union League announced Tuesday.
CUNA’s 2018 Year-in-Review Checklist was released last week to consolidate resources and information available on the finalized rules and regulations that occurred during calendar year 2018 to assist credit unions in updating necessary policies and procedures.
Credit unions around the country provided more than $46 million in low- or no-interest loans to more than 60,000 credit union members during the shutdown, according to a CUNA survey of credit unions who assisted members during the shutdown.