CUNA has updated its Military Lending Act credit card fee spreadsheet for the first quarter of 2019. The spreadsheet is necessary because a credit union may exclude a bona fide credit card fee from the MAPR if the fee is considered “reasonable."
The CFPB has issued an RFI on its remittance rule, which CUNA has called on the CFPB to revise, including on several occasions to CFPB Director Kathy Kraninger in letters and multiple face-to-face meetings.
NCUA's Thursday meeting will feature an ANPR on on compensation in connection with loans to members, the only item on the agenda. It will also be the first meeting with new Chairman Rodney Hood and new board member Todd Harper.
Credit unions must be proactive to not only react to banker rhetoric but to bust myths about credit unions and their tax status, CUNA Chief Advocacy Officer Ryan Donovan said Monday, adding that credit unions should not let banks undermine their future.
The credit union difference means all 115 million credit union members come first, CUNA President/CEO Jim Nussle said in a video released this morning, noting that those members are “the boss” when it comes to the credit union movement.
The CFPB released its Winter 2017 Supervisory Highlights recently, detailing issues currently on the bureau’s radar, as well as enforcement trends credit unions should be mindful of, most notably UDAAP in auto loan servicing, mortgage servicing and deposits.
CUNA’s Small Credit Union Committee wrote to NCUA about merger trends, the CECL standard and other issues this week. The letters follow a meeting between the committee and NCUA's Larry Fazio that took place at CUNA GAC.
Federal financial regulators conducted a webinar on CECL Thursday, going over supervisory expectations and calculations methods, and highlighted an April 30 closed-door CECL workshop credit unions can participate in.
CUNA President/CEO Jim Nussle addressed global credit union peers Thursday during World Council of Credit Unions’ Australian Credit Union Study Trip, higlighting CUNA’s efforts to advocate, unify, advance and promote the credit union industry.
Megabanks continue to grow as credit unions work to provide access to affordable financial services to 115 million Americans, and a one-size-fits-all approach brings addition burdens to those credit unions, CUNA told the House Financial Services Committee.