The NCUA board voted to approve a final risk-based capital rule Thursday, that provides regulator relief for credit unions. While CUNA has concerns with NCUA’s overall approach to risk-based capital, it supports the changes.
A court decision that broadens the definition of an automated telephone dialing system is flawed and should be rejected, CUNA wrote to the Federal Communications Commission Wednesday in response to an FCC petition.
CUNA support for credit union-friendly candidates in this year’s mid-term election was covered by two Washington, D.C. publications Wednesday. CUNA announced several independent expenditures backing incumbents in tight races Wednesday.
The NCUA board will vote on finalizing changes to its risk-based capital at its Thursday meeting, according to the agenda released Thursday. CUNA supports the proposal, but is concerned about the agency’s RBC approach.
CUNA Chief Economist Mike Schenk recognized NCUA’s continuing improvements in its budget process Wednesday while presenting at NCUA’s budget briefing. The NCUA’s proposed 2019 operating budget is $304.4 million.
Credit Union Legislative Action Council, the federal PAC of CUNA, is launching its first round of independent expenditures for the 2018 midterm election cycle. The IEs are being launched in various stages throughout the week.
CUNA Chief Economist Mike Schenk will present at the NCUA’s budget briefing Wednesday at NCUA’s Alexandria headquarters. The briefing is scheduled to start at 10 a.m. (ET) and will be streamed live on NCUA.gov.
The World Council of Credit Unions supports most aspects of the Global Financial Innovation Network, but urges member agencies to work to ensure a level playing field. CUNA strongly supports the World Council’s recommendations as well.
CUNA supports the Bureau of Consumer Financial Protection’s participation in the Global Financial Innovation Network, but strongly encourages the bureau encourage the network to ensure a level playing field in comments submitted Sunday.