CUNA marked Veterans Day this week with a communication from Chief Advocacy Officer Ryan Donovan sent to all 535 congressional offices highlighting the credit union commitment to serving military veterans and their families.
CUNA supports the CFPB innovation mission and the use of “Tech Sprints,” but credit unions must have a seat at the table, CUNA wrote Friday. Tech Sprints gather experts to work together to develop innovative solutions to clearly-identified challenges.
The Credit Union Legislative Action Council, CUNA’s political action committee, and the Carolinas Credit Union League are supporting Dr. Greg Murphy (R) in tomorrow’s special election in North Carolina’s 3rd Congressional District.
The CFPB will hold a symposium on behavioral law and economics Sept. 19 at 9 a.m. (ET) titled “Behavioral Economics and Consumer Financial Services Policy.” The event will be webcast on the CFPB’s website.
NCUA finalized changes to its fidelity bonds rule in July, and the changes go into effect Oct. 22. The Federal Credit Union Act requires that certain credit union employees and elected officials have fidelity bond coverage.
The U.S. Treasury released a series of series of recommended legislative and administrative housing finance reforms. CUNA supports housing finance reform principles that ensure community lenders are at the core of the secondary mortgage market.
The differences between House and Senate versions of the NDAA for FY20 will be sorted out in conference committee. CUNA will continue its advocacy to keep a provision contained in the Senate NDAA out of the final bill.
As Congress returns after the August recess, one of CUNA’s top legislative priorities is advancing the SAFE Banking Act (H.R. 1595/S. 1200), a bill that would provide protections to financial institutions serving legal cannabis-based businesses.
CUNA joined dozens of fellow National Cooperative Business Association CLUSA members Wednesday to request a hearing on the Small Business Administration’s recent report on cooperative lending, and expressed several concerns with the report.
NCUA will take a phased approach to implementing its field of membership regulation in the wake of the D.C. Court of Appeals’ decision last month to largely uphold the rule. CUNA strongly supports the rule.
With several high-profile data breaches hitting just in the month of August, while Congress was in recess, CUNA is continuing its push to Congress to enact meaningful data security legislation through 360-degree advocacy.
The FHFA published a final rule in August that presents the standards, criteria and process that Fannie Mae and Freddie Mac will use to validate and approve third-party credit score models. The final rule is effective Oct. 15.