CUNA will be engaged with several hearings this week, including on robocall scams directed at seniors and Facebook’s proposed digital currency, which will be discusses in the House Financial Services Committee and Senate Banking Committee.
CUNA supports the CFPB conducting regular, robust reviews of its regulations with an eye toward reducing burden, it wrote to the CFPB Monday in response to the agency’s review plan as required by the Regulatory Flexibility Act.
CUNA supports proposed modifications to the National Settlement Service and Fedwire operating hours in order to allow the addition of a third daily ACH processing window, with a 4:45 p.m. (ET) submission deadline.
CUNA brought credit union issues and concerns before several Congressional committees and subcommittees Tuesday, including on affordable housing, flood insurance and international credit union programs, as well as in support of a bill to fight senior scams.
The best approach on data security and privacy for consumers and business is for Congress to develop a strong privacy law that applies to all businesses and entities that collect information, CUNA wrote to two committees Wednesday.
The CFPB should quickly promulgate a PACE financing rule that subjects PACE programs to the Truth in Lending Act, plus additional disclosures, CUNA wrote to the CFPB Tuesday in response to its ANPR on S. 2155-required changes.
Mobile phone usage trends suggest that the Federal Communications Commission’s existing interpretation of the Telephone Consumer Protection Act and implementing regulations is both outdated and harmful to consumers and credit unions.
With both chambers of Congress in sessions this week, CUNA is engaged with several hearings on topics such as housing access and data privacy and security, as well as a markup by the House Financial Services Committee.
OFAC published a framework last week to provide guidance on essential components of an effective sanctions compliance program and outlining how OFAC may incorporate these components into its evaluation of apparent violations.
California and Nevada credit union leaders met with CFPB Director Kathy Kraninger is Los Angeles Tuesday to discuss credit union issues. Credit union leaders in attendance stressed the need for tailored regulations from the CFPB.
The California and Nevada Credit Union League spoke with Rep. Paul Cook (R-Calif.) about his credit union experiences, time in Congress and more. Cook recently introduced a bill to exempt loans to veteran-owned businesses from the MBL cap.
Project 2025, a new program from Credit Unions for Kids, will bring young credit union professionals together to help envision what the future of credit union philanthropy might look like in 2025. Project 2025 launched in April.
The CFPB issued a proposed rule on Home Mortgage Disclosure Act reporting requirements Thursday, which comes after months of CUNA, league and credit union engagement with Director Kathy Kraninger and staff about raising the thresholds.