CUNA supports SAFE DATA Act introduced Wednesday, which would simplify privacy and data security laws by a creating national standard which would add protections for all Americans while reducing compliance burdens stemming from many standards across the states.
The House passed a Continuing Resolution Tuesday that would fund the federal government through Dec. 11. Current funding is scheduled to expire Sept. 30. The resolution also extends funding for the National Flood Insurance Program through Sept. 30, 2021.
CUNA supports the CFPB’s proposed rule on higher-priced mortgage loan exemptions which would exempt certain insured depository institutions and insured credit unions from the requirement to establish escrow accounts for HPMLs.
The CUNA Board of Directors recently approved a resolution to adjust 2021 affiliation dues to provide relief for credit unions. The adjusted dues will help credit unions continue to prioritize the needs of their employees, members and communities amid the current health and economic emergency.
CUNA President/CEO Jim Nussle joined NCUA Chairman Rodney Hood and World Council of Credit Unions President/CEO Bran Branch Monday afternoon for a discussion on the credit union role in inclusion, justice and advocacy.
CUNA will be engaged in House floor votes and several hearings in both chambers of Congress this week, including testimony from Federal Reserve and Treasury leaders, and on Paycheck Protection Program loan forgiveness.
CUNA wrote House leaders Monday to support two pieces of legislation that are expected to come up on the House floor this week, the Ensuring Diversity in Community Banking Act of 2019 and COVID-19 Fraud Prevention Act.
The Treasury’s Financial Crimes Enforcement Network issued a final rule last week amending Bank Secrecy Act/Anti-Money Laundering regulations for non-federally insured credit unions. The rule is effective Nov. 16 of this year and has a compliance date of March 15, 2021.
A recorded version of CUNA's webinar on its MAP campaign, Credit Unions Voteis available for free to CUNA members. It features a review of the Credit Unions Vote platform, an overview of current member template and review the goals of MAP.