CUNA is encouraged by draft legislation of the ILLICIT CASH Act, which addresses the redundancies, unnecessary burdens, and opportunities for efficiencies within the Bank Secrecy Act/Anti-Money Laundering statutory framework.
CUNA supported language in the Economic Mobility Act of 2019 Wednesday, a bill with language repealing UBIT on certain fringe benefits for not-for-profits. The House Ways and Means Committee is expected to mark up the bill Thursday.
Credit unions value and embrace diversity, equity and inclusion and advancing DEI is an explicit priority of credit union leadership, CUNA wrote to House Financial Services Committee leadership Wednesday for its hearing on “diversity in the boardroom.”
The legal cannabis industry does not operate in a vacuum and is dependent on Main Street businesses, CUNA wrote to the House Small Business Committee, stressing the importance of protecting companies that directly or indirectly serve these businesses.
CUNA, state leagues individual credit unions and other strategic partners are working to deepen diversity, equity and inclusion throughout the industry at both the organizational and member levels, writes CUNA's Samira Salem in Credit Union Journal.
For credit unions in the Dakotas, Tuesday’s announcement that they are launching the Open Your Eyes to a Credit Union® campaign couldn’t have better timing, writes Jeff Olson, president/CEO of the Credit Union Association of the Dakotas.
Both the House and Senate are in session this week and will be conducting several hearings of note to credit unions on subjects such as legal cannabis-businesses, beneficial ownership and diversity and inclusion.
The CFPB will host its first symposium of its announced series June 25 in Washington, D.C. on UDAAP, featuring two panels of UDAAP experts and remarks from CFPB Director Kathy Kraninger and Deputy Director Brian Johnson.
Credit unions are leading the call for data security legislation because they are “painfully aware” of how lax security can harm individuals’ financial security, CUNA Senior Director of Advocacy Lance Noggle wrote in Credit Union Times Friday.
CUNA and the National Credit Union Foundation have created a two-part complimentary webinar series to provide stakeholders with some of the most pressing trends, best practices, resources and preventative steps to combat and mitigate cybersecurity threats at credit unions.
The NCUA board will release a proposal on risk-based capital at its June 20 meeting. CUNA supported changes finalized by NCUA last year, but continues to believe the rule is an area in which NCUA could improve its regulations.
The House Financial Services Committee passed four CUNA-supported bills at the conclusion of a two-day markup, bills covering the Bank Secrecy Act, the National Flood Insurance Program and financial literacy programs.