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 November 21, 2017 by CUNA Advocacy
This afternoon, the Senate Appropriations Committee released its draft spending package to fund agencies and government functions under the jurisdiction of the Senate Appropriations Subcommittee on Financial Services and General Government through the end of Fiscal Year 2018.  This bill includes many significant wins
Posted November 20, 2017 by CUNA Advocacy

The agenda parses regulatory recommendations into multi-year efforts, and temporarily supersedes the agency’s standard one-third annual regulatory review, which is slated to re-commence in 2020. 

Posted November 17, 2017 by CUNA Advocacy
CUNA sent a letter to Chairman Orrin Hatch and Ranking Member Ron Wyden of the Senate Finance Committee in response to the Chairman’s mark of the Tax Cuts and Jobs Act. 


Posted November 16, 2017 by CUNA Advocacy

The House passed legislation to reauthorize the National Flood Insurance Program, including changes that could limit future coverage and discounts for high-risk properties, modify premiums and surcharges paid by policyholders and expand opportunities for private insurers to sell policies. 

Posted November 16, 2017 by CUNA Advocacy

Today, NCUA held their November 2017 Open Board meeting.  The Board approved a final corporate credit union rule, the 2018-2019 operating fund budget, and the overhead transfer rate methodology.  The Board also received the final briefing on the Corporate Stabilization Fund before it was merged into the National Credit Union Share Insurance Fund. 

Posted November 15, 2017 by CUNA Advocacy

CUNA responded to the CFPB’s interim final rule clarifying that mortgage servicing compliance with the Real Estate Settlement Procedures Act (RESPA) for a borrower who has invoked cease communication rights under the Fair Debt Collection Practices Act (FDCPA) is satisfied when notice has been provided within 10 days following the 180th day after initial written notice.

Posted November 15, 2017 by CUNA Advocacy
Consumer Financial Protection Bureau Director Richard Cordray announced to Bureau staff today that he will step down from the agency by the end of the month after serving since 2013.
Posted November 15, 2017 by CUNA Advocacy

In a letter sent last week to the CFPB, CUNA supports a proposed change to the Reg Z mortgage servicing rules (effective April 2018). 

Posted November 15, 2017 by CUNA Advocacy
The House Judiciary Committee held an oversight hearing concerning the Department of Justice.  Prior to the hearing, CUNA sent a letter to Chairman Goodlatte and Ranking Member Conyers in order to bring attention to the fact that frivolous class action lawsuits brought under the American with Disabilities Act have become increasingly problematic for credit unions. 
Posted November 15, 2017 by CUNA Advocacy
Yesterday, the House Financial Services Committee started a multi day markup of a number of bills.  Prior to the start of the markup, CUNA sent a letter supporting three of the bills.  H.R. 1153, the Mortgage Choice Act of
Posted November 15, 2017 by CUNA Advocacy

CUNA responded to the CFPB’s interim final rule clarifying that mortgage servicing compliance with the Real Estate Settlement Procedures Act (RESPA).

Posted November 14, 2017 by CUNA Advocacy
The CUNA Advocacy and Economics teams have broken down both the House and Senate tax reform bills into short white papers.  Below you will find links and highlights of each document. House of Representatives
Posted November 13, 2017 by CUNA Advocacy
A bipartisan group of Senate Banking Committee members have released a bill that could offer credit union regulatory relief.  This bill includes credit union specific provisions that provide meaningful regulatory relief.
Posted November 13, 2017 by CUNA Advocacy
Ahead of the 2018 implementation of legalized adult use cannabis in CA, State Treasurer John Chiang released a report from the Cannabis Banking Working Group, which the California Credit Union League was a member of. The findings in the report
Posted November 13, 2017 by CUNA Advocacy
With CUNA’s Member Activation Program (MAP), CUNA, the Cornerstone Credit Union League (CCUL) and credit unions successfully supported an amendment to the Texas constitution that will lead to Texas to becoming the 22nd state to permit prize linked savings programs.
Posted November 13, 2017 by CUNA Advocacy
What a month we are having on the tax reform front in Congress Last Thursday, after four days of Committee consideration, the House Ways and Means Committee passed H.R. 1.
Posted November 10, 2017 by CUNA Advocacy

House Ways and Means Committee passed a tax reform bill, H.R. 1, the "Tax Cuts and Jobs Act," that would cut taxes by roughly $1.5 trillion over the next ten years and make significant changes to and simplify our nation’s tax laws.

Posted November 10, 2017 by CUNA Advocacy

The letter noted that if credit unions were approached with ways to increase access to any product or service for members with disabilities, they would take appropriate steps necessary to address those concerns

Posted November 09, 2017 by CUNA Advocacy

The National Credit Union Administration (NCUA) published the Agenda for its November 2017 Board Meeting, which will be held at NCUA headquarters in Alexandria, Virginia at 10:00 a.m. on Thursday, November 16.

Posted November 09, 2017 by CUNA Advocacy

The Senate Judiciary Committee held a hearing entitled, “The Impact of Lawsuit Abuse on American Small Businesses and Job Creators.” CUNA sent a letter highlighting our concern about a recent uptick in litigation threats against credit unions brought under the cover of the Americans with Disability Act (ADA).  

Posted November 08, 2017 by CUNA Advocacy

CUNA urged the DOL to implement this delay.

Posted November 06, 2017 by CUNA Advocacy


Posted November 06, 2017 by CUNA Advocacy
Good afternoon   What a week we had last week.  Senate Banking Committee Ranking Member Sherrod Brown (D OH) “walked away” from negotiations with Chairman Mike Crapo (R ID) on a package of regulatory relief for smaller financial institutions, including
Posted November 03, 2017 by CUNA Advocacy

CUNA, the Cornerstone Credit Union League and credit unions are using CUNA’s Member Activation Program (MAP) to build support for two credit-union supported amendments to the Texas constitution that are on the ballot Tuesday. The measures would modernize home equity lending laws and allow for prize-linked savings accounts in Texas.

Posted November 02, 2017 by CUNA Advocacy
Earlier this week, The Hill newspaper has once again named CUNA’s President CEO, Jim Nussle, to its annual list of Washington’s top lobbyists.
Posted November 02, 2017 by CUNA Advocacy
Yesterday, two House subcommittees held hearings of a similar nature that unfortunately has become much too common – data security!
Posted November 02, 2017 by CUNA Advocacy
The need for the FCC to exempt credit unions from the onerous TCPA regulations was showcased in The Hill newspaper this morning.  Katie McAuliffe, the Federal Affairs Manager at Americans for Tax Reform published an opinion piece where she highlighted the need to modernize telemarketing laws – especially for credit unions.
Posted November 02, 2017 by CUNA Advocacy
The long anticipated tax reform legislation was released by the House Ways and Means Committee earlier today.  The CUNA Advocacy Team, including President CEO Jim Nussle, is closely analyzing the text of the bill for any mention of credit unions or any
Posted November 02, 2017 by CUNA Advocacy

It’s official – the resolution to repeal the Consumer Financial Protection Bureau’s Arbitration rule has been signed into law by the President.

Posted November 02, 2017 by CUNA Advocacy
CUNA joined a number of financial trade associations in sending a letter in support of strong data security legislation to Chairman Blaine Luetkemeyer and Ranking Member Lacy Clay of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit. 
Posted November 01, 2017 by CUNA Advocacy

The Consumer Financial Protection Bureau announced the launch of a new mortgage performance trends tool that will track delinquency rates throughout the nation.  

Posted November 01, 2017 by CUNA Advocacy

Chairman Jeb Hensarling announced that he will not be seeking reelection in 2018.   

Posted October 31, 2017 by CUNA Advocacy

Earlier today, CUNA’s President/CEO Jim Nussle, Chief Advocacy Officer Ryan Donovan, Chief Compliance Officer Jared Ihrig, Senior Director of Advocacy & Counsel Leah Dempsey, and CUNA Mutual Sr. Consultant Joe Luedke met with senior officials at the Department of Justice requesting clarification on how credit unions’ websites should comply with requirements surrounding website accessibility under the Americans with Disabilities Act (ADA). 

Posted October 30, 2017 by CUNA Advocacy
The Consumer Financial Protection Bureau (CFPB) issued an interim final rule to clarify a provision in the 2016 Mortgage Servicing Final Rule, relating to Regulation X, the Real Estate Settlement Procedures Act (RESPA).
Posted October 30, 2017 by CUNA Advocacy
Both the House and Senate are in session this week.
Posted October 27, 2017 by CUNA Advocacy

As a follow-up to the testimony presented by CUNA economist Mike Schenk at NCUA’s Budget Hearing on October 18, CUNA CEO Jim Nussle sent a letter to NCUA, applauding the agency’s effort to functionally administer its safety and soundness regulation with efficient cost allocations.  

Posted October 26, 2017 by CUNA Advocacy
The House Financial Services Subcommittee held a hearing to discuss housing reform. As we’ve stated in the past, CUNA appreciates Congress taking the time to focus on the importance of housing finance reform and looks forward to working with
Posted October 26, 2017 by CUNA Advocacy
The House Financial Services Committee held a minority day hearing to continue its discussion on the examination of the Equifax data breach.
Posted October 26, 2017 by CUNA Advocacy
Credit unions won several big victories this week in the obscure details of the Congressional Budget Resolution, as well as the emergency disaster supplemental funding legislation.
Posted October 25, 2017 by CUNA Advocacy
The House Energy and Commerce Subcommittee on Communications and Technology held an oversight hearing on the Federal Communications Commission.
Posted October 25, 2017 by CUNA Advocacy
CUNA joined with a number other financial and mortgage and title insurance related trade associations in sending a letter to Congress in support of H.R. 3978, the TRID Improvement Act of 2017.
Posted October 25, 2017 by CUNA Advocacy
Late last night, the Senate passed a resolution to repeal the Consumer Financial Protection Bureau’s arbitration rule under the Congressional Review Act (CRA).
Posted October 23, 2017 by CUNA Advocacy
Both the House and Senate return to Washington business this week.  Last week, the Senate passed its FY18 budget resolution, sending it back to the House of Representatives.  The House is scheduled to take up the measure this week, without amendment, in order to avoid

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