CUNA announced four keynote speakers for the 2020 CUNA GAC: Political strategist Stephanie Cutter, political analyst Nicole Wallace, photographer Platon and David Plouffe, campaign strategist for President Barack Obama.
Increasing the residential appraisal threshold will reduce regulatory burden for credit unions, resulting in both transaction cost and time savings for credit unions and their members, CUNA wrote NCUA Thursday.
The NCUA board issued a proposed rule on credit union combination transactions and subordinated debt Thursday, as well as approving of the agency’s 2020 Annual Performance Plan and discussing the federal credit union loan interest rate ceiling.
In the wake of the recent earthquakes in Puerto Rico, NCUA will be ready to assist the seven federally insured credit unions there with maintaining or restoring operations, if necessary, with urgent needs grants and information.
NCUA’s first letter to credit unions examines recent changes to laws and regulations applicable to credit unions, and notes that the agency’s examination program has been updated to reflect these changes.
NCUA sent a letter to credit unions this week describing the agency’s supervisory priorities for 2020, which include BSA/AML, consumer protection, credit risk, CECL, cybersecurity, liquidity risk and LIBOR cessation planning.
Oral arguments for a case involving access to federal courts via diversity jurisdiction have been set for between March 17 and 20. CUNA filed an amicus brief in May, noting it is one of the two methods for a federal court to have jurisdiction.
Australia’s mutual banks, credit unions and building societies are expressing their deepest sympathies to those impacted by the devastating bushfire emergency across the country and stand ready to assist customers who are impacted.
CUNA and representatives from six credit unions participated in a financial institution roundtable Wednesday on developing and implementing successful savings programs for consumers hosted by the CFPB.
NCUA sent a letter to credit unions this week adjusting the operating fee scheduled for 2020. Included in the schedule is a link to NCUA’s online calculator for federal credit unions to calculate the exact amount owed in 2020.
The Senate is expected to consider the nomination of Jovita Carranza to the administrator of the Small Business Administration (SBA) this week. The SBA administers two loan programs of interest to credit unions.
The CFPB announced 2020 asset-size exemption thresholds for HMDA based on the Consumer Price Index for Urban Wage Earners and Clerical Workers. Credit unions with assets of $47 million or less are exempt from collecting HMDA data in 2020.
Comments on NCUA's threshold for which an appraisal is required, a Consumer Financial Protection Bureau proposal on raising the remittance threshold and a CFPB request for information on the TRID rule are due in January.