CUNA Credit Union Magazine announced today that James Schenck, President and CEO of PenFed Credit Union, will be honored as the 2017 Credit Union Hero of the Year. Schenck believes wholeheartedly in the cooperative spirit of the credit union movement.
The House Financial Services Committee today passed Committee Chairman Jeb Hensarling’s (R-TX) Financial CHOICE Act, which contains a number of regulatory relief provisions that would benefit credit unions, but several items that are concerning to the industry as well.
CUNA stands ready to work with legislators to see regulatory relief enacted into law and the CHOICE Act is a good first step, CUNA wrote to House Financial Services leadership Tuesday. CUNA’s letter was sent in advance of Wednesday’s hearing on Chairman Jeb Hensarling’s (R-Texas) CHOICE Act.
The House Financial Services committee will conduct a hearing on Rep. Jeb Hensarling’s (R-Texas) Dodd-Frank alternative bill April 26. The bill, the Financial CHOICE Act, contains a number of regulatory relief provisions.
Sen. Ron Wyden, D-Ore., along with Sens. Lisa Murkowski, R-Alaska, Elizabeth Warren, D-Mass., and Ed Markey, D-Mass., introduced the “Credit Union Residential Loan Parity Act,” a bill that creates parity for certain loans.
The American Financial Services Association, the Consumer Bankers Association, the Credit Union National Association, the Financial Services Roundtable, National Association of Federally-Insured Credit Unions, and the Electronic Transactions Association today sent a joint letter to the Federal Communications Commission (FCC) regarding the Petition for Rulemaking and Declaratory Ruling (petition) regarding prior express consent under the Telephone Consumer Protection Act (TCPA).