The House voted Thursday night in favor of the CUNA-backed bill, the Home Mortgage Disclosure Adjustment Act (H.R. 2954), which would raise the reporting threshold for certain Home Mortgage Disclosure Act requirements.
The Credit Union National Association (CUNA) announced today the appointment of Chris Lorence as Chief Credit Union Awareness Officer. Lorence will lead CUNA’s Awareness initiative, Open Your Eyes to a Credit Union®, a digital-first marketing campaign that will raise consumer consideration of credit unions.
Credit Union National Association (CUNA) today wrote to the Senate Banking Committee (SSBC) seeking reasonable protections, including those under the Bank Secrecy Act (BSA), aimed at reducing financial crimes.
The Federal Communication Commission (FCC or the Commission) is scheduled to consider its draft Declaratory Ruling (the Ruling) and third Further Notice of Proposed Rulemaking (FNPR) at an upcoming opening meeting on June 6. Credit Union National Association (CUNA) wrote to National Credit Union Administration (NCUA) Chairman Rodney Hood to express serious concerns with the ruling and request that he intervene by asking that the FCC delay and reconsider.
Credit Union National Association (CUNA) submitted comments advocating for the Bureau to amend the payday lending rule with the addition of an unequivocal, express exemption for small dollar loans offered by credit unions.
Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez announced a proposal to cap the interest rates consumers pay for credit card and other loans. In that proposal they also called for the U.S. Postal Service to start providing more affordable financial services products to consumers.
The House Financial Services Committee (HFSC) today approved H.R. 2514, the “Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform (COUNTER) Act of 2019,” which includes Bank Secrecy Act/Anti-Money Laundering (BSA/AML) relief for credit unions.
Credit Union National Association sent setters for the record to House and Senate subcommittees to outline credit union priorities following today’s hearings on flood insurance, international development, minority home ownership and illegal robocalls.