The NCUA Board issued an advance ANPR Thursday and new Chairman Rodney Hood said he intends to focus on several areas as chairman, including enhancing the credit union charter, enhancing cybersecurity efforts and reducing regulatory burden.
The CFPB is going to focus on “prevention of harm to consumers,” Director Kathy Kraninger said in a speech at the Bipartisan Policy Center Wednesday. CUNA Chief Advocacy Officer Ryan Donovan said CUNA is encouraged by her approach.
CUNA represented America’s credit unions at a White House conference on the Opportunity Zone program, which encourages individuals and businesses to invest in 8,760 low-income communities designated “Opportunity Zones.”
NCUA's Thursday meeting will feature an ANPR on on compensation in connection with loans to members, the only item on the agenda. It will also be the first meeting with new Chairman Rodney Hood and new board member Todd Harper.
Credit unions must be proactive to not only react to banker rhetoric but to bust myths about credit unions and their tax status, CUNA Chief Advocacy Officer Ryan Donovan said Monday, adding that credit unions should not let banks undermine their future.
The credit union difference means all 115 million credit union members come first, CUNA President/CEO Jim Nussle said in a video released this morning, noting that those members are “the boss” when it comes to the credit union movement.
The CFPB released its Winter 2017 Supervisory Highlights recently, detailing issues currently on the bureau’s radar, as well as enforcement trends credit unions should be mindful of, most notably UDAAP in auto loan servicing, mortgage servicing and deposits.
CUNA’s Small Credit Union Committee wrote to NCUA about merger trends, the CECL standard and other issues this week. The letters follow a meeting between the committee and NCUA's Larry Fazio that took place at CUNA GAC.
Federal financial regulators conducted a webinar on CECL Thursday, going over supervisory expectations and calculations methods, and highlighted an April 30 closed-door CECL workshop credit unions can participate in.
CUNA President/CEO Jim Nussle addressed global credit union peers Thursday during World Council of Credit Unions’ Australian Credit Union Study Trip, higlighting CUNA’s efforts to advocate, unify, advance and promote the credit union industry.
Megabanks continue to grow as credit unions work to provide access to affordable financial services to 115 million Americans, and a one-size-fits-all approach brings addition burdens to those credit unions, CUNA told the House Financial Services Committee.