January 13, 2017 - The Nussle Report

The Nussle Report

Campaign for Common-Sense Regulation webinar:

We held a lively membership webinar introducing the Campaign for Common-Sense Regulation this week with more than 630 people in virtual attendance. Thank you for tuning in. Check out the archived version, or read the CUNA News series on the campaign to learn how to get involved. I'm challenging the industry to go big for credit union advocacy this year. We have a huge opportunity to improve credit union operating environments nationwide. Let's take advantage.  

Great meetings with Western States CUs:

It was a pleasure to meet with a number of credit unions during the Western States Credit Union Roundtable this week. We dug into the Campaign for Common-Sense Regulation, in addition to other important work such as the Credit Union Awareness Initiative. I look forward to seeing many of you at the CUNA Governmental Affairs Conference next month.  

CUNA-supported MBL relief bill introduced:

I was glad to see the introduction this week in the House of a bill that would exempt non-owner occupied, 1-4 unit dwelling loans from the 12.25% credit union member business lending cap. The Credit Union Residential Loan Parity Act, H.R. 389, was introduced by Reps. Ed Royce, (R-Calif.), Jared Huffman (D-Calif.), Don Young (R-Alaska) and Peter DeFazio (D-Ore.) with strong support from the CUNA/League system.

CUNA, CCUA partner to rebuff banker claims:

CUNA and the Cooperative Credit Union Association (CCUA) collaborated on an op-ed this week responding to claims by the American Bankers Association that the NCUA's field of membership rules go too far. We've seen the bankers' claims pop up in several markets, and have shared a draft op-ed with all Leagues to use to keep the credit union voice on this issue front and center. Thanks to CCUA President/CEO Paul Gentile for pushing this to the press.

CUNA monitoring SCOTUS surcharge case, CFPB debt collection hearing:

CUNA advocacy staff were in attendance for two hearings this week on issues of importance to credit unions. On Tuesday, CUNA attended oral arguments at the Supreme Court on a surcharge fee case we've been involved with for some time, and on Thursday a CFPB hearing on debt collection, which we continue to follow very closely as the CFPB moves closer to its rulemaking. Stay tuned for further updates.

CUNA, League communicators aligning resources:

CUNA and League communications staffs held a conference call to begin aligning priorities as part of the Campaign for Common-Sense Regulation. These folks will play a critical role in telling credit union stories to members, the public, and policymakers to ensure the issues created by one-size-fits-all regulations are fully understood. If you have a story about how overregulation has harmed your credit union, don't hesitate to contact CUNA or your League.

CSS partners with Kasasa:

We believe we can greatly expand access to free checking and saving account services--and as a result, attract and engage new members--through a new partnership we've made with Kasasa. Kasasa is a fantastic collaborator and brings even more value to CSS' stable of preferred partners. Welcome aboard!

Shoutout of the week:

I wanted to share the great work by Pelican State CU, Baton Rouge, La., which continues to partner with a local group of churches to provide "Hand Up" loans to residents who otherwise would not have access to credit. This is just another example that credit unions were the original consumer protectors. Overregulating Pelican State's services could force these residents to turn to the bad actors the CFPB was charged to rein in. Keep up the great work Pelican State!  

Thank you for your continued participation in and engagement with the CUNA/League system. If you have any issues you'd like CUNA to address, I encourage you to give me a call directly at 202-508-6745 or email me at jnussle@cuna.coop.     

All the best,      

Jim Nussle 
President and CEO