The official theme for the 2019 National Credit Union Youth Month has been revealed to be “The Future is Yours… Picture it! Save for it! Share it!”. This theme encourages young members to learn how to save their money to chase their dreams.

CUNA joined with several other financial services trade organizations to urge FASB to delay implementation of its CECL standard to ensure there are no unintended consequences. CUNA filed its own comment letter on the standard Monday.

CUNA President/CEO Jim Nussle, Deputy Chief Advocacy Officer Elizabeth Eurgubian and Senior Director of Advocacy and Counsel Alexander Monterrubio met with CFPB Director Kathy Kraninger Tuesday.

Proposed changes to the CECL standard are unlikely to be adopted by credit unions, thus CUNA urged the Financial Accounting Standards Board Monday to explore ways relief for credit unions can be achieved.

Several notable policymakers from the regulatory and legislative arenas are confirmed as speakers at the 2019 CUNA GAC.

Consumer Financial Protection Bureau Director Kathy Kraninger will make her first appearance before Congress as director this week, and CUNA will be engaged with a Senate data breach hearing Thursday.

The CFPB issued an ANPR Monday on PACE financing, as S. 2155 directs the CFPB to prescribe certain PACE consumer disclosures. CUNA and leagues have urged the Bureau to quickly implement the statute.

Over 100 credit union staff and volunteers attended the 2019 Credit Union Day at the Capitol in St. Paul, Minn. to help kick off the Minnesota Credit Union Network’s agenda for the legislative session.

The CFPB announced a streamlined electronic submission system for prepaid account issuers to submit their account agreements last week. Prepaid issuers can now register for the system, the rule becomes effective April 1.

CUNA sent information on credit union assistance efforts for members affected by the government shutdown to a group of five members of the Senate Banking Committee who reached out seeking information on assistance to federal workers.