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Security standard protecting all Americans of ‘paramount importance’

Credit unions are leading the call for data security legislation because they are “painfully aware” of how lax security can harm individuals’ financial security, CUNA Senior Director of Advocacy Lance Noggle wrote in Credit Union Times Friday.

Policy & Issues

Free 2-part cybersecurity webinar available from CUNA, Foundation

CUNA and the National Credit Union Foundation have created a two-part complimentary webinar series to provide stakeholders with some of the most pressing trends, best practices, resources and preventative steps to combat and mitigate cybersecurity threats at credit unions.

Policy & Issues

Risk-based capital proposal on NCUA’s June 20 agenda

The NCUA board will release a proposal on risk-based capital at its June 20 meeting. CUNA supported changes finalized by NCUA last year, but continues to believe the rule is an area in which NCUA could improve its regulations.

Policy & Issues

CECL delay bill would ensure impact is properly studied

CUNA maintains its longstanding position that CECL is inappropriate for credit unions, and backed a bill Wednesday that would require the standard to be delayed and studied by the SEC along with the federal financial regulators, including the NCUA.

Policy & Issues

NCUA should examine floating interest rate cap for FCU loans

CUNA requested NCUA explore the idea of adopting a floating interest rate cap for federal credit union loans instead of its traditional fixed interest rate (currently 18%) in a letter to NCUA board members Wednesday.

Policy & Issues

OT proposal improved, but DOL should not create burdens for CUs

The Department of Labor’s current proposed overtime regulation under the Fair Labor Standards Act is an improvement over the 2016 overtime rule, but CUNA urges DOL to avoid creating excessive costs and compliance burdens on credit unions.

Policy & Issues

CU-backed Fred Keller elected to Congress in special election

Credit union supporter Fred Keller (R), supported by CULAC and the Pennsylvania Credit Union Association, won a special election to represent Pennsylvania 12th Congressional District in Congress Tuesday, defeating Democratic challenger Marc Friedenberg.

Policy & Issues

Reinstating arbitration rule would undermine quick dispute resolution

Reinstating the CFPB's rule on arbitration agreements would undermine the ability of credit unions and other financial institutions to offer faster, more cost-effective resolutions to potential disputes than class action litigation.

Policy & Issues

NCUA must engage FCC prior to robocall blocking vote June 6

CUNA brought its serious concerns about the FCC's scheduled June 6 vote on default call blocking to the attention of NCUA Chairman Rodney Hood Tuesday, requesting he intervene and ask that FCC delay and reconsider the ruling.

Policy & Issues

Disproportionate compliance burdens mean less focus on members

Credit unions take Bank Secrecy Act/Anti-Money Laundering compliance seriously, but when resources are disproportionately spent on compliance, fewer safe and affordable products are available for members.

Policy & Issues

CUNA backs proposals to remove barriers to minority access to credit

CUNA and its credit union members are committed to ensuring the housing finance market remains both accessible and affordable to minority borrowers, CUNA wrote to House Financial Services Committee leadership Tuesday.

Policy & Issues

NCUA starts $160.1M in dividend payments to CUs this week

More than 5,500 eligible institutions will receive dividends totaling $160.1 million from the National Credit Union Share Insurance Fund starting this week, according to NCUA. Credit unions have received statements indicating the amounts they will receive.

Policy & Issues

FCUs must be allowed access to federal courts, says CUNA brief

CUNA supports federal credit unions’ access to federal courts via diversity jurisdiction, one of the two methods for a federal court to have jurisdiction, the association indicated in an amicus brief filed Monday with the U.S. Court of Appeals for the Fourth District

Cash crop

Cannabis-banking leaders shed light on a growing line of business that has major implications for public safety, financial inclusion, and credit union economics.

Engage members with mobile

Mobile services have become an engine for membership growth and relationship-building.

Tech-savvy boards

The use of portals and remote meeting options is growing among board members.

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Policy & Issues
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Security standard protecting all Americans of ‘paramount importance’

Free 2-part cybersecurity webinar available from CUNA, Foundation

Risk-based capital proposal on NCUA’s June 20 agenda

CECL delay bill would ensure impact is properly studied

NCUA should examine floating interest rate cap for FCU loans

OT proposal improved, but DOL should not create burdens for CUs

CU-backed Fred Keller elected to Congress in special election

Reinstating arbitration rule would undermine quick dispute resolution

NCUA must engage FCC prior to robocall blocking vote June 6

Disproportionate compliance burdens mean less focus on members

CUNA backs proposals to remove barriers to minority access to credit

NCUA starts $160.1M in dividend payments to CUs this week

FCUs must be allowed access to federal courts, says CUNA brief

Cash crop

Engage members with mobile

Tech-savvy boards

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