CUNA joined several financial trade organizations Thursday to call on House leadership to pass the SAFE Banking Ac, a bill to provide legal protections to financial institutions serving legal cannabis-based businesses.
The House passed a continuing resolution Thursday to fund the federal government through Nov. 21 by a 301-123 vote. Funding would have lapsed Oct. 1 without the resolution or a long-term spending bill.
The NCUA board passed its final Payday Alternative Loan (PAL) II rule Thursday, as well as final rules on bylaws and supervisory committee audits and an update on the National Credit Union Share Insurance Fund.
AARP will be conducting a webinar for credit unions Sept. 25 at 1 p.m. (ET) on its BankSafe training program designed to help financial institutions identify the signs of elder financial exploitation. CUNA is a founding distributor of the program.
The CFPB should avoid impacts on first-party debt collectors in its rulemakings, CUNA wrote in response to its proposal on debt collection that would make certain amendments to third-party debt collector rules under the Fair Debt Collection Practices Act.
Credit union members see $12 billion in savings annually from credit unions, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices, part of the reason 115 million Americans have chosen credit unions.
Credit unions have a proven track record of protecting interests of their members, because they are the owners too, CUNA wrote to House leadership this week, and the hallmark of any member-owned institution is establishing a dispute resolution process.
Registration is now open for the largest credit union advocacy event of the year, the 2020 CUNA GAC. The event will take place Feb. 23-27 at the Walter E. Washington Convention Center in Washington, D.C.
The Senate Appropriations financial services and general government subcommittee passed its fiscal year 2020 bill Tuesday, a bill that funds the Treasury’s CDFI Fund at $251 million, a $1 million raise from this fiscal year.
The CFPB should take special note of the challenges faced by credit unions and other smaller mortgage lenders in the absence of certain expansions of the Qualified Mortgage safe harbor, CUNA wrote to the CFPB Monday.
FinCEN announced the launch of its Global Investigations Division, which will investigate and target terrorist finance and money laundering threats and work more closely with foreign counterparts to coordinate actions against such threats.