Keeping member credit unions and leagues current on what and why we are doing for advocacy efforts including legislative, regulatory and state governmental affairs.
Posted February 17, 2017 by CUNA Advocacy

The group believes that consideration of a proposed change of this magnitude should be done through a process that affords a greater opportunity for public participation

Posted February 17, 2017 by CUNA Advocacy

This week, bills backed by the regulators of Iowa and Kentucky credit unions were introduced. The League-supported measures modestly modify the state credit union charters. 

Posted February 16, 2017 by CUNA Advocacy

 Takeaway: The President cannot remove the CFPB Director “at-will” unless the Court rules on this issue again

Posted February 16, 2017 by CUNA Advocacy

We support the CFPB’s information collection on account data aggregators, as we are unaware of any previous major research efforts in this area

Posted February 14, 2017 by CUNA Advocacy
Senator Mike Rounds (R SD) reintroduced the TAILOR (Taking Account of Institutions with Low Operation Risk) Act.  S. 366 would require regulatory agencies, including NCUA, to take risk profiles and business models into account when crafting regulations.  
Posted February 12, 2017 by Ryan Donovan

Last week the DOL sent a Notice of Proposed Rulemaking (NPRM) to OMB, to delay the Fiduciary rule. 

Posted February 12, 2017 by Ryan Donovan

A look at the week ahead in Washington for credit unions.

Posted February 10, 2017 by CUNA Advocacy
Potential costs associated with implementation of new standards should be considered before making any changes.
Posted February 10, 2017 by CUNA Advocacy

Property Assessed Clean Energy (PACE) loans legislation has been introduced in Pennsylvania and Tennessee.

Posted February 10, 2017 by CUNA Advocacy
This week, a memorandum outlining changes in the Financial CHOICE Act 2.0 in the 115th Congress was sent by House Financial Services Committee Chairman Jeb Hensarling to the Financial Services Committee Leadership Team.  As we’ve noted, in the House of Representatives, the initial vehicle for regulatory reform
Posted February 10, 2017 by CUNA Advocacy

As in past years, payments are a hot topic as Alabama considers a data breach notification bill, an interchange measure was introduced in Nebraska, chip and PIN legislation is under review in New York and an exception to Oklahoma’s prohibition of surcharges is pending

Posted February 09, 2017 by CUNA Advocacy

Pahl previously was on staff at the Consumer Financial Protection Bureau (CFPB) where he spearheaded the division responsible for CFPB’s debt collection rulemaking activities

Posted February 07, 2017 by CUNA Advocacy

CUNA argues that a bipartisan commission as originally proposed by Senator Warren and the Obama Administration is the appropriate structure for the Bureau

Posted February 05, 2017 by Ryan Donovan
A look at the week ahead on Capitol Hill
Posted February 05, 2017 by Ryan Donovan
President Donald Trump signed an executive order focused on the financial system that calls for “efficient, effective and appropriately tailored” regulations. This is a key objective of Credit Union National Association’s Campaign for Common Sense Regulation.
Posted February 04, 2017 by CUNA Advocacy
The hearing will feature remarks from CFPB Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and members of the public.
Posted February 03, 2017 by CUNA Advocacy
Lawmakers in Alabama, Illinois, Maine and Tennessee are considering legislation that would alter some credit union restrictions and operational requirements.


Posted February 03, 2017 by CUNA Advocacy

CUNA sought and obtained improvements to final rule, but remained concerned that regulatory burdens could make it more difficult for consumers to receive support planning for their financial future from credit union service organizations and some credit unions. 

Posted February 02, 2017 by CUNA Advocacy

The 158-page compliance guide is intended to help financial institutions understand how the rule applies to their operations.

Posted February 02, 2017 by CUNA Advocacy

Democrat members of Congress and several special interest groups most recently sought to intervene.

Posted February 02, 2017 by CUNA Advocacy

The Agencies were open to hearing the challenges arising under the MLA and the upcoming credit card regulatory deadline.

Posted February 01, 2017 by CUNA Advocacy

CUNA outlined concerns with the FCC interpretation of the Telephone Consumer Protection Act. 

Posted January 29, 2017 by Ryan Donovan

On Friday, PHH filed its response to the CFPB’s request for a rehearing en banc in the landmark lawsuit in which the U.S. Court of Appeal for the D.C. Circuit found that the construct of the CFPB violates the constitution and that the Director of it can be removed “at-will”. PHH argued that the court should deny the petition for rehearing en banc.

Posted January 29, 2017 by Ryan Donovan
This week, the House will vote on a number of noncontroversial national security bills as well as begin a process of voting to repeal certain federal regulations.  The Senate will continue votes to confirm more of President Trump’s cabinet nominations.
Posted January 27, 2017 by CUNA Advocacy

New Georgia legislation will reduce compliance burdens and improve the operational environment for credit unions.

Posted January 27, 2017 by CUNA Advocacy

In response to well-publicized data breaches, state lawmakers in Connecticut, Georgia and Oklahoma are considering legislation that would strengthen existing data breach notification laws.

Posted January 27, 2017 by CUNA Advocacy

Several special interest groups, as well as Congressional Democrats petitioned to join the PHH lawsuit while legal experts continue to opine on whether President Trump has the authority to remove CFPB Director Richard Cordray.

Posted January 26, 2017 by CUNA Advocacy

The report details the current landscape and challenges regarding development of a faster payments system in the U.S.

Posted January 26, 2017 by CUNA Advocacy

The court found that ICBA lacked standing and timeliness for the claim.

Posted January 26, 2017 by DW CMS
CUNA and the Ohio Credit Union League met this week with several members of Ohio's congressional delegation, including delegation members..
Posted January 26, 2017 by CUNA Advocacy

CUNA will address some additional concerns credit unions have with the July 2015 TCPA Order. 

Posted January 25, 2017 by CUNA Advocacy

Yesterday Senator Susan Collins (R-ME) introduced S. 223, the Senior $afe Act of 2017.  Senator Claire McCaskill (D-MO) is once again the Democratic lead.  

Posted January 24, 2017 by CUNA Advocacy

HUD and SBA hearings among those observed.

Posted January 23, 2017 by CUNA Advocacy

Here are the details from NCUA's January 19th meeting

Posted January 23, 2017 by Ryan Donovan
In one of the new Administration's first actions, the Department of Housing and Urban Development (HUD) announced Saturday that a cut in Federal Housing Administration (FHA) mortgage insurance premiums scheduled to go into effect January 27 would not happen as
Posted January 22, 2017 by Ryan Donovan

Washington State lawmakers are considering H 1318, which would permit state-chartered credit unions to accept supplemental capital immediately upon a change at the Federal level.

Posted January 22, 2017 by Ryan Donovan
It was widely reported on Friday that President Trump plans to tap Federal Communications Commission (FCC) Commissioner Ajit Pai to lead the agency in the new Administration.
Posted January 22, 2017 by CUNA Advocacy
On the night of the Inauguration the Trump Administration issued a regulatory freeze in a memo from Chief of Staff Reince Priebus to the heads of Executive departments and agencies.

Search Blog