Learn more about Member Benefits
Credit unions are the original consumer protectors in the financial services sector; commonsense consumer protection regulation recognizes that our structure and mission makes us different.
One-size-fits-all does not work for Main Street - local credit unions, small banks, and the consumers and small businesses they serve. It has created a rigged system favoring the largest institutions that can afford to comply with these new, complex regulations.
The NCUA sent a letter to the CFPB outlining concerns/seeking exemptions for credit union from several CFPB rules and policies.
CUNA participated as an amici in the PHH litigation challenging the structure and constitutionality of the CFPB.
The resolution of disapproval for the CFPB Arbitration rule was signed into law
The DOL Overtime Rule has not yet gone into effect.
The DOL finalized a rule defining who is a “fiduciary” of an employee benefit plan under the Employee Retirement Income Security Act of 1974 (ERISA), which included adding brokers and advisers providing advice to individual retirement accounts (IRAs).
When passing the Military Lending Act (MLA), Congress sought to address predatory actors in the marketplace harming our servicemembers.
Credit unions offer overdraft protection services as a convenience and accommodation for their members, and members appreciate these services.
Credit unions provide the safest and most affordable options for those in need of small dollar loans. Rules should be tailored to address predatory actors who abuse consumers.
Credit unions take a more holistic collection approach when working with their member-owners on debt collection. They are not merely interested in short-term efforts of collecting a debt; instead, they want to find the specific cause of their member's financial challenge.
Credit unions, by their very mission, seek to provide safe and affordable products and services to consumers in need. While CUNA strongly supports the intent of Section 1071 and the Equal Credit Opportunity Act, there are serious concerns about unintended consequences that could result from a rule requiring additional data collection.
Change the leadership structure of the Consumer Financial Protection Bureau (CFPB) from a one-person director to a five-person commission.
The current requirements surrounding the TCPA lack clarity and are so confusing that some credit unions have stopped calling and texting consumers altogether because they do not want to risk being incompliant.
The CFPB's final rule changes the scope of the ability to use arbitration clauses in consumer financial contracts.
Champion for the Credit Union Movement
Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.
© 2017 Credit Union National Association
ADA Compliance Notice & Legal
© 2017 Credit Union National Association |
ADA Compliance Notice & Legal