Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CUNA Will Represent CUs On Reg Burden, Capital, CFPB Issues
WASHINGTON (10/22/13)--The Credit Union National Association will submit statements for the record for upcoming hearings on key credit union issues this week, topics including regulatory burden, impediments to capital formation, and changes to the structure of the Consumer Financial Protection Bureau.
 
Though the U.S. House has scheduled a brief work week and the Senate is out, there are three hearings on the agenda of interest to credit unions:
  • A House Financial Services capital markets and government sponsored enterprises subcommittee hearing entitled "Legislation to Further Reduce Impediments to Capital Formation." CUNA has noted that supplemental capital does not change the credit union structure, said has said that new sources of capital would be a tool that would help credit unions better serve their members;
  • A House Small Business investigations, oversight and regulations subcommittee hearing entitled "Regulatory Landscape: Burdens on Small Financial Institutions." Compliance can be the most important legal task faced by many credit unions. CUNA has noted that regulatory complexity continues to increase, creating more and more emerging issues for credit unions. CUNA continues to work with credit unions and leagues to ensure that new regulatory developments do not have unintended consequences for the credit union system or impose unnecessary regulatory burdens; and
  • A House Financial Services financial institutions and consumer credit subcommittee hearing entitled "Examining Legislative Proposals to Reform the Consumer Financial Protection Bureau." CUNA has encouraged the CFPB to consider the regulatory burdens faced by credit unions as it writes new rules, and to exempt credit unions from the terms of new regulations as much as possible.


RSS





print
News Now LiveWire
Better economic & #CU conditions,leading to higher rates in '15,'16, will boost CU earnings, asset quality,capital http://t.co/rmJvi3MIpQ
3 hours ago
RT @CUNA: Today is the first day of #CUYouthMonth How is your #creditunion celebrating?
8 hours ago
New @FICO score metric expected this week, will include utility payments http://t.co/l0hGhilMqQ
9 hours ago
.@TheNCUA increased supplier diversity in 2014 by 49%, although NCUA’s workforce diversity levels declined slightly.
9 hours ago
Also from FFIEC today, council announces reappointments of Mary Hughes and Lauren Kingry to its State Liaison Committee. 2of2
9 hours ago