Pennsylvania Credit Union Association President/CEO Patrick Conway announced Thursday the affirmative vote of the memberships of both PCUA and New Jersey Credit Union League to create a new trade association – the PA/NJ Credit Union Association.
FCC Commissioner Michael O’Rielly said Thursday the FCC has an obligation to resolve many of the worthy TCPA petitions that are currently pending and cited CUNA’s petition, as a "common-sense request" the agency should address.
Members of the House Financial Services Committee expressed concerns about CECL and cited CUNA data on credit union issues with the standard Tuesday in a hearing with NCUA Chairman Rodney Hood, who said his agency shares those concerns.
The NCUA board will issue a proposal on public unit and non-member shares, see a briefing on the Office of Credit Union Resources and Expansion and receive an update on the share insurance fund at its May 23 meeting.
CUNA emphasized credit union priorities on several issues for Congressional hearings this week, including on payday lending, arbitration and the Telephone Consumer Protection Act in letters submitted for the record of hearings on those topics.
CUNA is concerned about proposed action from the FCC that would block robocalls by default, believing it could result in serious disruptions to credit union-member communications. The commission will vote June 6 on a declaratory ruling.
CUNA joined with other financial services trade associations Wednesday to call on all financial institution CEOs to join Sheltered Harbor, a voluntary initiative to help protect against cyberattacks. CUNA is a founding board member of Sheltered Harbor.
The CFPB's payday rule would have a detrimental impact on access to consumer-friendly credit union products if implemented unchanged, and CUNA believes the rule fails to strike a balance between consumer protection and credit union member service.
Registration is now open for CUNA Supervisory Committee & Internal Audit Conference Dec. 8-11 in Las Vegas. Participants will learn about the regulatory environment and how to strengthen operational oversight to protect their credit union from risk.