The NCUA Board received two briefings, finalized technical amendments to the agency’s regulations and issued a request for information on future examinations at its meeting Thursday. The board pulled the expected risk-based net worth proposal off the agenda.
CUNA opposes the Protecting Your Credit Score Act of 2019 (H.R. 5332), it wrote to House leadership Wednesday, citing numerous concerns over increased lawsuits and cybersecurity risks. The bill would revise certain provisions related to consumer credit reports and credit reporting agencies.
Credit union-supported candidates in Kentucky, New York and Virginia saw successes in Tuesday’s primary elections, with 100% of credit union candidates winning races that have been called as of Wednesday. Credit union candidates around the country have won 231 out of 235 races in 2020.
Any new regulatory changes to FHLBank membership should not negatively impact credit unions’ ability to access liquidity or obtain FHLBank membership, CUNA wrote to the FHFA in response to a request for information about FHLBank membership.
Developing strong relationships with state and federal regulators should be a goal for all credit union leadership, writes Illinois Credit Union League President/CEO Tom Kane in a recent piece for CUInsight.
Credit unions are the nation's financial first responders and are the best equipped to support the people who need help the most, and CUNA sent Congress Tuesday a new document with detailed information on how additional actions could help COVID-19 recovery efforts.
The CFPB issued two proposals Monday to address the impending expiration of the GSE Patch. CUNA has called on the CFPB to provide clarity on the future of the GSE Patch, which is scheduled to expire in January 2021.
CUNA and other credit union organizations wrote to Senate leadership today opposing a provision in the Senate Armed Forces Committee-passed NDAA that contains language that would require DoD policies for government depository institutions and credit unions operating on military installations to be applied equally.
The Small Business Administration has launched a dedicated online tool for small businesses and non-profits to be matched with Community Development Financial Institutions, Minority Depository Institutions and other smaller asset size lenders in the Paycheck Protection Program.
The Federal Financial Institutions Examination Council will host an interagency webinar on Friday, June 26, beginning at 1 p.m. (ET). The focus of this webinar is on the 2020 updates to the FFIEC’s BSA/AML Examination Manual.