Removing Barriers Blog

CUNA talks BCFP Rules with SBA
Posted November 09, 2018 by CUNA Advocacy

CUNA participated in a roundtable led by the Small Business Administration's Office of Advocacy to discuss the latest BCFP rulemaking agenda, which was released last month. During the roundtable, CUNA staff outlined credit unions' priorities as they relate to the Bureau and how rules can be appropriately tailored to provide much-needed regulatory relief. 

The discussion touched on several looming regulations that impact credit unions, including small dollar lending, HMDA, debt collection, and defining "abusive" under UDAAP.  Some of these subjects are expected to see proposals issued by the BCFP in 2019. 

As part of its duties, the SBA's Office of Advocacy gathers feedback from stakeholders related to small businesses and often submits comments  in response to rulemakings based on that feedback.  The Office of Advocacy has previously echoed CUNA's concerns with various regulatory proposals, including small business data collection and payday lending