March 17, 2017 - The Nussle Report

2017 Nussle Report header

CUNA files joint brief in CFPB structure case:

We filed a joint amicus brief with other industry trade groups late last week in the PHH vs. CFPB case, which had originally found the Bureau's one-director structure unconstitutional, but is being reheard. In the brief, we make a variety of arguments supporting the need for regulatory certainty for credit unions. On the legislative front, meanwhile, we continue to press Congress to pass legislation that would create a five-person commission at the CFPB as a way to introduce more oversight and accountability at the agency.

NCUA calls on court to dismiss ABA FOM lawsuit:

The NCUA, in a response to the lawsuit brought against the agency by the American Bankers Association for its field-of-membership rule, has asked a federal judge to dismiss it. The NCUA also denied allegations that the rule was arbitrary or capricious, or that it violated the Administrative Procedures Act, positions with which CUNA strongly agrees. As the lawsuit closely resembles the suit lodged by the ICBA against the NCUA's member business lending rule, we hope to see similar success in dismissing this challenge as well.

Get involved in Campaign through MAP:

Last week I said that step one for getting engaged with our Campaign for Common-Sense Regulation was to set up a meeting with your members of Congress when they return home for recess April 10-21. What's step two? Enrolling in the CUNA Member Activation Program. More than 400 credit unions are now signed up. Our research shows that when you educate your members about the credit union movement and the issues we face, it deepens their loyalty and engagement with your institution.

CUNA urges FCC to reject harmful TCPA petition:

CUNA partnered with five other trade groups to urge the FCC to reject a petition that seeks the adoption of a rule that would change the definition of "prior express consent" within the Telephone Consumer Protection Act (TCPA). This change would seriously undermine the relationship between credit unions and their members. This effort follows our letter with the ICBA to two congressional committees last week outlining our concerns with the FCC's proposed changes to TCPA.

CUNA awareness initiative is getting noticed:

CU Today published a great story featuring Teresa Freeborn, chair of CUNA's Creating Awareness Advisory Committee and President/CEO of Xceed Financial Credit Union, about the progress being made to create a sustainable consumer-facing credit union category brand platform

Neb. League helps strike down interchange bill:

Well done to the Nebraska Credit Union League, whose testimony last week helped defeat an anti-consumer bill backed by retailer groups that would have prohibited the collection of interchange fees on non-federal taxes in Nebraska. Between CUNA and the Leagues, there is no advocacy battle we will not fight on credit unions' behalf.

It's official, Small CU Community launches:

You've seen earlier mentions about this, but I'm happy to report that the CUNA Small Credit Union Community has officially launched. This online platform enables professionals at small credit unions nationwide to network, share ideas, and solve problems collectively.

What's that about imitation?

You may have noticed that the American Bankers Association announced a single candidate school session scheduled for the fall. Well, I'm proud to say that we've been at this - setting the standard in fact - since 2000. Partnering with the Leagues, we've conducted at least 50 such schools in 14 states since 2000. Dozens of candidates, trained by us have gone on to win elective office.

On the air talking about the White House budget:

I was on CNBC's Closing Bellyesterday talking about elements of the White House's proposed Federal budget. I'm always looking for ways to get the good word out about credit unions and couldn't pass this opportunity up to speak to elected officials and others.

Shoutout of the week:

Congrats to Charles Albrecht, president/CEO of Mid Minnesota FCU, and Kent Greff, president/CEO of Mill City CU, who were both inducted in to Credit Union House's Hall of Leaders recently, an honor that also drew praise from Rep. Tom Emmer (R-Minn.). Clearly, your advocacy work has made an impression on your member of Congress. Well done!

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