Even before she became part of the credit union movement, Melissa Janssen of Royal CU, Eau Claire, Wis., was passionate about education. In June 2018 she attended the first ever CUNA National Young Professionals Conference.
CUNA is concerned about several recently proposed changes to the Small Business Administration’s regulations pertaining to Express Loans and Affiliation Standards. CUNA sent a letter to the SBA Tuesday on the proposal.
CUNA wrote in support of an amendment to a bill on the Senate floor that would clarify the federal treatment of marijuana in states where it is legal Monday, the text of the CUNA-backed STATES Act of 2018.
The FCC approved a Report and Order Wednesday to create a reassigned numbers database to combat unwanted robocalls. CUNA has strongly pushed for such a database as part of its ongoing advocacy to resolve issues related to the TCPA.
The NCUA board will hear recommendations from the agency’s Regulatory Reform Task Force at its Thursday meeting. Scheduled for 10 a.m. (ET), the meeting is the board’s final of 2018 and will be streamed live.
Application of the CECL standard to credit unions continues to be inappropriate, CUNA wrote Tuesday, citing the direct effect the standard will have on credit unions’ financial positions and concerns about the compliance burden.
The Bureau of Consumer Financial Protection will issue a proposal to revise its current “No-Action” letter policy following CUNA efforts to have the bureau amend to provide clarity regarding enforcement and supervision expectations.
CUNA wrote to the Treasury Monday to call for parity for executive compensation at not-for-profit employers by grandfathering not-for-profit employer contracts in effect on or before Nov. 2, 2017, fixing a disparity in the TCJA.
CUNA asked NCUA to continue to review its rules governing CUSOs to achieve greater regulatory relief, and reiterated its stance that NCUA should not have examination and enforcement authority over third-party vendors, including CUSOs.
The FinCEN and its regulatory partners issued a joint statement last week to encourage credit unions and other financial institutions to take innovative approached to combat money laundering and other illicit financial threats.