CUNA will be engaged with several hearings this week, including on robocall scams directed at seniors and Facebook’s proposed digital currency, which will be discusses in the House Financial Services Committee and Senate Banking Committee.
CUNA supports the CFPB conducting regular, robust reviews of its regulations with an eye toward reducing burden, it wrote to the CFPB Monday in response to the agency’s review plan as required by the Regulatory Flexibility Act.
CUNA supports proposed modifications to the National Settlement Service and Fedwire operating hours in order to allow the addition of a third daily ACH processing window, with a 4:45 p.m. (ET) submission deadline.
The U.S. Treasury Department's Financial Crimes Enforcement Network has released the inaugural SAR Stats technical bulletin, which examines data from Suspicious Activity Reports filed by financial institutions.
Since 2011, more than 250 distributed denial of service attacks have been perpetrated against American banks and credit unions, according to Treasury Secretary Jacob Lew, who spoke at the Delivering Alpha Conference in New York last week.
Concerned that credit unions in his state will be facing increased capital requirements under the National Credit Union Administration's proposed risk-based capital rule, Sen. James Risch (R-Idaho) became the latest lawmaker to submit a letter to the agency.
CUNA Deputy General Counsel Mary Dunn says continued energy and engagement is what is needed going forward to ensure revisions the National Credit Union Administration is contemplating for its risk-based capital plan will be significant enough to bring the kind of improvements credit unions need in a final regulation.
Consumer advocates, industry representatives, academics and state and federal regulators will team up for a roundtable discussion on how debt collection issues affect Latino consumers, especially those with limited proficiency in English.
The House of Representatives passed the Financial Services and General Government Appropriations Act (H.R. 5016) for fiscal year 2015 Wednesday, by a vote of 228-195, providing funding for the Community Development Revolving Loan Fund and the Community Development Financial Institutions Fund.
The Consumer Financial Protection Bureau is seeking public comment on a plan to expand its complaint database to include consumer narratives. The additional information would describe in detail the problem a consumer had with a financial product, service or company, the unsuccessful steps taken to date to find resolution, the service providers' actions and the impact to the consumer.
As the National Credit Union Administration launches its final credit union Listening Session today, it is to a backdrop of assurances that the agency's risk-based capital proposal will undergo changes in key areas before it is made final.