The NCUA board will discuss a final interagency policy statement on the current expected credit loss (CECL) standard and propose a rule on corporate credit unions at its Feb. 20 meeting. The meeting will take place at 10 a.m. (ET).
The credit union system has a shared commitment to advancing diversity and inclusion, but has concerns about proposals that would require employment diversity data from all institutions regardless of size, CUNA wrote Wednesday to a House subcommittee.
CUNA GAC kicks off in less than two weeks, and attendees are invited to a Feb. 18 webinar in which CUNA President/CEO Jim Nussle and Chief Advocacy Officer Ryan Donovan detail the credit union advocacy agenda and how to make an impact at GAC.
Credit unions located in metropolitan areas that engage in certain types of residential mortgage lending, and that had assets exceeding $46 million as of Dec. 31, 2018, must file a HMDA report this year on mortgage loan applications received during 2019.
The City of Miami has voluntarily dismissed its lawsuits against several financial institutions, a case in which CUNA filed an amicus brief expressing concern that a decision in favor of the municipality could set a bad precedent.
CUNA requested federal financial and housing regulators delay any conclusion from their re-evaluation of the Qualified Residential Mortgage definition until the CFPB finalizes and implements changes to the Qualified Mortgage definition.
The CFPB announced last week it intends to establish a new category of materials that are similar to previous compliance materials but will now be designated “Compliance Aids.” to provide the greater clarity regarding the legal status and role of the materials.
Credit union loans outstanding grew 0.56% in November, compared to a 0.64% increase in October, according to CUNA’s Monthly Credit Union Estimates for November 2019. This is slightly faster than last November, but the second slowest November since 2013.
The FCC should adopt an effective challenge mechanism for legitimate calls mislabeled as illegal robocalls, CUNA wrote in response to a request for comment on the FCC's newly implemented call-blocking regime.
America’s credit unions fulfill their mission by helping communities advance, CUNA Chief Advocacy Officer Ryan Donovan told Congress Tuesday, highlighting how credit unions are "always working to get to 'yes'" when it comes to member service.
CUNA will be engaged with a House committee hearing on mobile payments this week, in addition to other activities. The Senate will continue its impeachment hearings this week, and the House is expected to consider legislation on credit reporting.
As Jan. 28 marks Data Privacy Day, CUNA, Leagues and credit unions are leading efforts to ensure consumer data is protected through uniform data privacy and security laws and ensuring the availability of the latest resources.
CUNA’s 2019 Year in Review Checklist is now available to help credit unions review and update policies and procedures to reflect regulatory changes of 2019. The checklist is designed to accompany CUNA’s 2019 Year in Review document.