The Bureau of Consumer Financial Protection will issue a proposal to revise its current “No-Action” letter policy following CUNA efforts to have the bureau amend to provide clarity regarding enforcement and supervision expectations.
CUNA asked NCUA to continue to review its rules governing CUSOs to achieve greater regulatory relief, and reiterated its stance that NCUA should not have examination and enforcement authority over third-party vendors, including CUSOs.
The FinCEN and its regulatory partners issued a joint statement last week to encourage credit unions and other financial institutions to take innovative approached to combat money laundering and other illicit financial threats.
CUNA wrote to BCFP Acting Director Mick Mulvaney Thursday to thank him for his service during the 13 months he served as acting director for the agency. Kathy Kraninger was confirmed by the Senate to become bureau director Thursday.
NCUA filed its opening brief in its appeal against a ruling regarding its field-of-membership rule, arguing its changes to FOM regulations are within its statutory authority. CUNA will file an amicus brief in support of NCUA by Dec. 13.
CUNA President/CEO Jim Nussle addressed a “new era” at the Bureau of Consumer Financial Protection in a Credit Union Times op-ed Thursday with the confirmation of Director Kathy Kraninger. Kraninger was confirmed by Senate vote Thursday afternoon.
The NCUA board will hear recommendations from the agency’s Regulatory Reform Task Force at its Dec. 13 meeting. Scheduled for 10 a.m. (ET), the meeting is the board’s final of 2018 and will be streamed live.
CUNA wrote to newly confirmed Bureau of Consumer Financial Protection Director Kathy Kraninger Thursday to highlight key consumer protection priorities for credit unions. CUNA also extended an offer to provide any necessary feedback, data and expertise.
The Senate voted today to confirm Kathy Kraninger as the next director of the Bureau of Consumer Financial Protection. Kraninger replaces Acting Director Mick Mulvaney, and will serve a five-year term as director.
CUNA today announced that Malcolm Gladwell, author of New York Times bestselling books such as The Tipping Point and Blink, will deliver a keynote address at the 2019 CUNA Governmental Affairs Conference.
Senate Majority Leader Mitch McConnell (R-Ky.) announced the Senate will vote Thursday on the nomination of Kathy Kraninger to lead the Bureau of Consumer Financial Protection. Kraninger was nominated to replace Acting Director Mick Mulvaney.