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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.
New Georgia legislation will reduce compliance burdens and
improve the operational environment for credit unions.
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.
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.
The report details the current landscape and challenges regarding development of a faster payments system in the U.S.
The court found that ICBA
lacked standing and timeliness for the claim.
CUNA will address some additional concerns credit unions have with the July 2015 TCPA Order.
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.
HUD and SBA hearings among those observed.
Here are the details from NCUA's January 19th meeting
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.
Congress should consider feedback from credit unions that participated on SBREFA panels who felt that final rules did not include enough changes and/or exemptions to limit impact on small credit unions.
CUNA continues to oppose the CHOICE provision that would expand the charter for savings and loan associations in absence of similar legislation expanding credit unions’ charter to be more flexible on member business lending and not subject to the 12.25 percent cap.
This week, 36 states were in session and legislation
was introduced that would expand both powers and protections for credit unions.
Cybersecurity Assessment and Bank Secrecy listed among other priorities to assist credit unions prepare for their next exam.
In its findings, the CFPB identifies a number of consumer preferences and concerns. It also highlights some differences when comparing collections for creditors and collectors.
plaintiffs claim that the New York’s law violates a merchant’s right of free
speech by regulating how they communicate a pricing structure to customers
Today four House members introduced legislation that would correct the disparity between banks and credit unions regarding the 1 4 non owner occupied residential loans.
The event will feature remarks from Attorney General Karl Racine and CFPB Director Richard Cordray, as well as comments by members of the public
The legislation would delay implementation of the rule for two additional years after April 2017, when the first implementation date is currently set.
Court ruled that the appeal can continue, which means the court could at any time grant the request to permanently stop the rule from moving forward.
Exemption threshold for HMDA will remain at $44 million
As a result of last fall's election and the ordinary turnover of Members of the House and Senate, Congressional leaders on both sides of the aisle and both sides of the Capitol have been busy this
Credit union advocates wasted no time last week making sure our 2017 agenda was front and center in Congress, and the momentum we are generating is crucial in a year that presents incredible opportunity and challenges.
Congress takes steps to prepare for the Trump administration to begin
Legislatures in 17 states convened this week and lawmakers were met with bills that would provide credit unions with the with the clarity, flexibility and powers to effectively serve their members.
Here's a rundown of everything you need to know about applying to CUAC.
Prior to consideration in the House of Representatives, CUNA sent a letter to Members of the House urging them to vote for the bill.
CUNA filed a letter with NCUA on an interagency proposal to amend regulations regarding loans in areas having special flood hazards to implement the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012.
New York’s Department of Financial Services reissued its
proposed Cybersecurity Program Requirements which are to be phased in starting
As we have discussed over the last several months, we see a lot of opportunity to advance regulatory reform legislation that improves the operating environment for credit unions to serve their members.
The Consumer Financial Protection Bureau’s Office for Older Americans has created a guide called Managing Someone Else’s Money specific to financial caregivers in Illinois. It is hosting a webinar on January 12 to provide information about it.
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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.
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