CUNA Chief Advocacy Officer Ryan Donovan discusses the latest on the proposed GSE refinance fee, upcoming regulatory comment deadlines (including on NCUA's future examinations RFI) and the Republican National Convention in this week’s Advocacy Update.
A bipartisan group of Senators wrote to FHFA Director Mark Calabria last week to echo CUNA’s position that the GSE refinance fee set to go into effect Sept. 1 be withdrawn. Leagues and have engaged several of the letter’s signers on the issue, and CUNA continues its advocacy.
CUNA Compliance & Risk Council announced the release of its inaugural white paper, “Changing the Risk Conversation,” which focuses on creating and maintaining an enterprise risk management (ERM) culture. and explores the case for a shift to an ERM culture.
NCUA, along with the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and the Conference of State Bank Supervisors will host an interagency webinar Aug. 27 at 11 a.m. (ET) on the Small Business Administration’s PPP Loan Forgiveness Platform.
The CFPB proposed Advisory Opinion program would provide another mechanism through which it may better enable regulatory compliance, CUNA wrote Friday. The proposed program would allow parties to request interpretive guidance in the form of an AO, to resolve questions regarding regulatory uncertainty.
NCUA should promulgate new rules or expand existing ones only if they are clearly warranted based on a compelling need, CUNA wrote to the agency Thursday. CUNA sent its comments in response to NCUA’s annual review of one-third of its regulations.
Credit unions saw a victory in court Thursday as the U.S Court of Appeals for the Fourth District ruled in favor of Navy FCU in a case involves access to federal courts via diversity jurisdiction. CUNA filed a brief in support of Navy FCU in the case.
CUNA President/CEO Jim Nussle and Senior Director of Advocacy and Counsel Luke Martone met with new FASB Chair Richard Jones Thursday. CUNA previously wrote to Jones about the current expected credit loss (CECL) standard, which FASB implements, when he took over as chair July 1.
FinCEN set forth its approach to enforcing the rules and regulations within the Bank Secrecy Act, aiming to provide clarity and transparency to its approach when contemplating compliance or enforcement actions against institutions that violate the BSA.
Eight Oregon credit unions are helping distribute funds approved by the Oregon Legislature to provide one-time $500 relief payments to Oregonians facing hardships. The state asked the private sector to help get that money into the hands of consumers who most need it.