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.
The CFPB issued a policy statement Friday outlining its approach to the “abusiveness” standard in supervision and enforcement matters. CUNA has long recommended the CFPB act to clarify the scope and meaning of “abusiveness.”
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.
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.
CUNA and several organizations petitioned the U.S. Supreme Court to review a case involving Fair Housing Act claims filed by municipalities due to a “significant interest in ensuring the Fair Housing Act is enforced in a fair and reasonable way.”
Rep. Denny Heck (D-Wash.), a longtime friend of credit unions in Congress and former credit union employee, announced last week he will not seek re-election in 2020. Heck has served in Congress since 2013.
The new year marks not only the start of a new decade, but the effective date of several important rules for credit unions, including the extended HMDA reporting threshold and NCUA's "second chance" initiative.
President Donald Trump signed the final version of the fiscal year 2020 NDAA Friday, without a provision that would have allowed certain banks to obtain cost waivers to operate on military installations, a victory for credit unions.
CUNA, Leagues and credit union members brought their issues to policymakers throughout 2019, resulting in important victories for credit unions in the legislative, regulatory and legal arenas, all to help credit unions better serve 115 million Americans.
CUNA supports FHFA's proposal to require Fannie Mae and Freddie Mac, to rely upon larger, multiple-lender pools, it wrote in a response to a request for information on the pooling practices for the GSEs’ Uniform Mortgage-Backed Security.
A CUNA-supported Senate bill strikes the correct balance between combating fraud and maintaining financial institution integrity, by limiting banking regulators’ ability to discourage depository institutions from maintaining a relationship with specific customers.