CUNA announced two new staff appointments Monday, adding Mitria Wilson and Hannah Truslow to advocacy staff. Wilson joins CUNA as Senior Director of Advocacy and Counsel, and Truslow as Director of Political Fundraising Development for CULAC.
The FFIEC launched a redesigned Bank Secrecy Act/Anti-Money Laundering InfoBase website last week, aimed at sharing financial institution examination procedure information with examiners, financial institutions, the public and other stakeholders.
The Bureau of Consumer Financial Protection issued its Fall 2018 rulemaking agenda this week, with several items reflecting CUNA’s advocacy with the bureau. The agenda is a snapshot of the bureau’s regulatory priorities into 2019.
The NCUA board voted to approve a final risk-based capital rule Thursday, that provides regulator relief for credit unions. While CUNA has concerns with NCUA’s overall approach to risk-based capital, it supports the changes.
A court decision that broadens the definition of an automated telephone dialing system is flawed and should be rejected, CUNA wrote to the Federal Communications Commission Wednesday in response to an FCC petition.
CUNA support for credit union-friendly candidates in this year’s mid-term election was covered by two Washington, D.C. publications Wednesday. CUNA announced several independent expenditures backing incumbents in tight races Wednesday.
The NCUA board will vote on finalizing changes to its risk-based capital at its Thursday meeting, according to the agenda released Thursday. CUNA supports the proposal, but is concerned about the agency’s RBC approach.
CUNA Chief Economist Mike Schenk recognized NCUA’s continuing improvements in its budget process Wednesday while presenting at NCUA’s budget briefing. The NCUA’s proposed 2019 operating budget is $304.4 million.
Credit Union Legislative Action Council, the federal PAC of CUNA, is launching its first round of independent expenditures for the 2018 midterm election cycle. The IEs are being launched in various stages throughout the week.