The House Democratic Caucus conducted leadership elections for the 116th Congress this week, with many credit union-friendly legislators taking leadership roles. Current House Minority Leader Nancy Pelosi (D-Calif.) was nominated as Speaker.

CUNA members can register for free to access a recording of Wednesday’s webinar on the Federal Reserve’s development of faster payments, designed to answer member questions and solicit feedback for CUNA’s comments, which are due Dec. 14.

CUNA raised concerns with several taxes contained the Tax Cuts and Jobs Act in a letter to legislators sent Monday. H.R. 88 contains two CUNA-supported extensions of tax provisions that have expired, known as “tax extenders.”

The Bureau of Consumer Financial Protection seeks an individual to lead a new Office of Cost Benefit Analysis, according to a notice posted Monday. CUNA has repeatedly called on the BCFP to conduct more cost-benefit research.

Sixty-seven credit union professionals earned their Certified Credit Union Internal Auditor (CCUIA) designations this October after attending CUNA & Association of Credit Union Internal Auditors (ACUIA) Internal Audit Certification School. These designees have successfully demonstrated their mastery of core auditing competencies. 

With the simple click of a mouse, credit union members and employees can make a difference in the lives of sick and injured children in their community. Tuesday kicks off the annual Credit Unions for Kids “Vote for Miracles” promotion.

CUNA is engaged with several hearings in Congress this week, as well as a Senate confirmation vote on the director of the Bureau of Consumer Financial Protection. CUNA wrote to Senate leadership Monday in advance of its expected vote.

While the nomination of a permanent director to lead the Bureau of Consumer Financial Protection is a positive development, CUNA believes the best solution is a multi-member, bipartisan commission, CUNA wrote to Senate leadership Monday.

The Federal Reserve and Bureau of Consumer Financial Protection jointly issued a proposal last week that would make changes to Regulation CC, which implements the Expedited Funds Availability Act and provides opportunity for comment on 2011 amendments.

The Bureau of Consumer Financial Protection will host its next Credit Union Advisory Council meeting Dec. 6 via conference call, and members will receive the agenda when they RSVP.