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.
Twenty-one credit union-supported candidates won primaries Tuesday in Alaska, Florida and Wyoming. Tuesday’s victories bring the total number of credit union-backed candidate wins this cycle to 338, a more than 96% victory rate.
Educators, parents, financial institutions, and other stakeholders can learn more about the financial literacy and consumer financial protection resources available during a webinar hosted by NCUA, FDIC and CFPB on August 27, starting at 2 p.m. (ET).
NCUA issued a regulatory alert detailing the CFPB’s final payday lending rule, including highlights of key provisions that affect credit unions, while the CFPB has issued an updated frequently asked questions document on the rule.
More than 20 credit union supporters in Alaska, Florida and Wyoming will be on the ballot Tuesday. CUNA and LSCU are supporting Dane Eagle with more than $320,000 in direct mail and digital ads targeting 40,000 credit union households in Florida's 19th Congressional District Republican primary.
CUNA continues its work opposing the new refinance fee from Freddie Mac and Fannie Mae, CUNA Chief Advocacy Officer Ryan Donovan says in this week’s Advocacy Update video, which also covers this week's virtual Democratic convention and House activities on the USPS.