CUNA and ACA International filed reply comments with the Federal Communications Commission (FCC) regarding its proposal on revocation of consent under the Telephone Consumer Protection Act (TCPA). The proposal would require a 24-hour turnaround time to implement a consumer’s revocation of consent.

The U.S. District Court for the Southern District of Texas granted the motion to intervene filed by CUNA, the Cornerstone League, and Rally Credit Union Monday. The court’s order paves the way for CUNA, Cornerstone, and Rally, now intervenors in the case, to file a motion to ensure the injunction applies to credit unions.

CUNA urges the Federal Housing Finance Agency to provide more data to the public on how the application of its Enterprise Regulatory Capital Framework (ECRF) will affect guarantee fees before making any policy decisions. CUNA’s comments were sent in response to FHFA’s Fannie Mae and Freddie Mac single-family mortgage pricing framework Request for Input (RFI).

NCUA is monitoring the situation closely and has resources available to help credit unions affected as Lahaina, Hawaii, works to recover from the destruction caused by wildfires. Examiners have been working to stay in contact with credit unions in Maui County, determine their status, and offer assistance as needed. 

CUNA President/CEO Jim Nussle will attend NAFCU’s Congressional Caucus to discuss advocacy priorities and what the proposed transformation to America’s Credit Unions means for the credit union industry. 

CUNA President/CEO Jim Nussle and NAFCU President/CEO Dan Berger shared their vision for America’s Credit Unions Thursday at the Defense Credit Union Council’s 60^th Annual Conference. The two also spoke to Credit Union Times Thursday while at the conference.

On the latest episode of NAFCU’s Credit Union Policy Podcast, host and NAFCU Vice President of Regulatory Affairs Ann Petros talks with CUNA President/CEO Jim Nussle on the future of the credit union movement, including the latest on the proposed merger. 

The Federal Communications Commission should make use of caller ID and require adequate verification of the authenticity of the caller ID information to avoid illegal call spoofing, CUNA, NAFCU, and other organizations wrote in comments filed this week with the FCC.

CUNA, the Cornerstone League, and Rally Credit Union are calling for parity in the treatment of financial institutions that make business loans following a preliminary injunction against the Consumer Financial Protection Bureau’s (CFPB) section 1071 rule.  
The three organizations filed a motion to intervene Thursday with the U.S. District Court for the Southern District of Texas. 

CUNA Senior Economist Dawit Kebede said the Labor Department’s July Consumer Price Index Report indicates inflation continues to cool down, as the annualized inflation measure of the average for last three months which excludes lagged housing is about 2%.