CUNA, leagues and credit unions participated in a DOJ roundtable Monday to discuss topics related to the Americans with Disabilities Act. CUNA raised the need for clarity through guidance or a rulemaking on ADA website accessibility standards.
Members of the California congressional delegation wrote to the BCFP to urge it to implement protections regarding PACE financing. The California Credit Union League worked with the members of Congress to create and build support for the letter.
CUNA met with the Department of Labor Monday to discuss several credit union related issues Monday. In addition to discussions on rulemakings, CUNA provided data estimating the credit union sector supports nearly 900,000 jobs nationally.
CUNA will be engaged with Congressional negotiations to fund the federal government and extend NFIP this week, as both are scheduled to expire Friday. The Senate is also expected to vote on Kathy Kraninger to serve as BCFP director.
The FFIEC released its second update on its Examination Modernization Project this week providing common risk tailoring principles and practices used by federal regulators, including NCUA, and FFIEC’s State Liaison Committee.
CUNA Chief Economist Mike Schenk spoke with USA Today recently for an article about credit unions being among the financial institutions that offer “holiday loans” to members. Such loans generally come with fixed interest rate and installment repayment plans.
The House Republican Conference chose ranking members for House committees in the 116th Congress, with several credit union supporters being named ranking members of notable committees. House-controlling Democrats will serve as committee chairs.
CUNA supports efforts to track money laundering and terrorist financing but also believe it's important to strike the balance between the costs to financial institutions and the benefits to the federal government it wrote Thursday.
CUNA and the Wisconsin Credit Union League filed a motion with the Wisconsin Supreme Court Wednesday requesting leave to file an amicus brief in a Security Finance v. Kirsch, a collections case, by Dec. 21.
The Senate voted 50-49 to end debate on the nomination of Kathy Kraninger to lead the BCFP Thursday, setting up a final vote on the nomination in the coming days. Kraninger was nominated to replace Acting Director Mick Mulvaney.
Credit Union Magazine’s special 2020 Credit Union Rock Stars edition celebrates creative, innovative, and passionate professionals and volunteers working to advance the missions of their credit unions.