CUNA wrote to the Treasury Monday to call for parity for executive compensation at not-for-profit employers by grandfathering not-for-profit employer contracts in effect on or before Nov. 2, 2017, fixing a disparity in the TCJA.

CUNA will be engaged with several hearings in both chambers of Congress this week, including one on the impact of the CECL standard. The House and Senate are both in session this week.

CUNA asked NCUA to continue to review its rules governing CUSOs to achieve greater regulatory relief, and reiterated its stance that NCUA should not have examination and enforcement authority over third-party vendors, including CUSOs.

The FinCEN and its regulatory partners issued a joint statement last week to encourage credit unions and other financial institutions to take innovative approached to combat money laundering and other illicit financial threats.

CUNA wrote to BCFP Acting Director Mick Mulvaney Thursday to thank him for his service during the 13 months he served as acting director for the agency. Kathy Kraninger was confirmed by the Senate to become bureau director Thursday.

NCUA filed its opening brief in its appeal against a ruling regarding its field-of-membership rule, arguing its changes to FOM regulations are within its statutory authority. CUNA will file an amicus brief in support of NCUA by Dec. 13.

CUNA President/CEO Jim Nussle addressed a “new era” at the Bureau of Consumer Financial Protection in a Credit Union Times op-ed Thursday with the confirmation of Director Kathy Kraninger. Kraninger was confirmed by Senate vote Thursday afternoon.

President Donald Trump signed a bill crafted by Congressional negotiators Thursday that will extend funding of the federal government, and the National Flood Insurance Program, to Dec. 21.

CUNA wrote to newly confirmed Bureau of Consumer Financial Protection Director Kathy Kraninger Thursday to highlight key consumer protection priorities for credit unions. CUNA also extended an offer to provide any necessary feedback, data and expertise.

The Senate voted today to confirm Kathy Kraninger as the next director of the Bureau of Consumer Financial Protection. Kraninger replaces Acting Director Mick Mulvaney, and will serve a five-year term as director.