Removing Barriers Blog

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 January 31, 2018 by CUNA Advocacy
The House of Representatives passed H.R. 1457, the Making Online Banking Initiation Legal and Easy Act (the MOBILE Act). This CUNA-backed legislation passed by a vote of 397-8.
Posted January 31, 2018 by CUNA Advocacy

NCUA issued a notice of proposed rulemaking to clarify the procedures applicable to the administration of claims against an insolvent credit union subject to involuntary liquidation by the agency. 

Posted January 31, 2018 by CUNA Advocacy
As part of NCUA’s Call Report Modernization initiative, which has been ongoing since May of 2016, the agency issued a Request for Information on January 31, 2018, to solicit comments on comprehensive Call Report modifications.
Posted January 30, 2018 by CUNA Advocacy
Credit union advocates from CUNA, the Ohio Credit Union League, and credit union representatives met with Department of Justice (DOJ) Assistant Attorney General John Gore and DOJ staff to discuss the drastic increase in litigation being brought and threatened against credit unions. 
Posted January 29, 2018 by CUNA Advocacy

CUNA joined the ICBA, ABA, and NAFCU in sending a letter to Majority Leader McConnell and Minority Leader Schumer urging the Senate to act on S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act.  The cosigners of the letter reiterated support for this important legislation that includes commonsense improvements to the nation's financial rules that will allow community banks and credit unions to better serve their customers and communities.   


Posted January 29, 2018 by CUNA Advocacy

The House and Senate are both in session this week.  However, the House will not be in session Thursday or Friday to accommodate the House Republican retreat.  The House Democratic retreat will occur next Thursday and Friday. 

On Tuesday, the President will give his annual State of the Union address.  As a reminder, federal spending authority ends on February 8th so Congressional leadership will be working on an agreement to fund the federal government for the remainder of fiscal year 2018. 


Posted January 26, 2018 by CUNA Advocacy

The Heartland Credit Union Association (HCUA) launched efforts to strengthen credit unions in Kansas and to protect credit unions in Missouri.

In Kansas, HCUA introduced a bill in the Senate that would update the state law regarding the member expulsion policy for credit unions. The bill comes at the request of HCUA members who recognized the need to modernize the law in order to continually protect the safety and soundness of credit union members and their assets.

Posted January 26, 2018 by CUNA Advocacy
The NCUA announced today that low income credit unions affected by 2017 Hurricanes Harvey, Irma, and Maria are eligible to seek certification as a Community Development Financial Institution (CDFI) through the agency.
Posted January 26, 2018 by CUNA Advocacy
CUNA’s Senior Director of Advocacy and Counsel – Leah Dempsey was interviewed by CUbroadcast’s Mike Lawson on his talk show.  Ms. Dempsey joined the program to discuss the threats and compliance challenges credit unions face surrounding website accessibility under the ADA.
Posted January 26, 2018 by CUNA Advocacy

CUNA filed a comment letter with NACHA addressing the association’s same day ACH questions.

Posted January 25, 2018 by CUNA Advocacy
Federal Communications Commission Chairman Pai recently responded to a letter sent by more than a dozen bipartisan Members of Congress in December supporting CUNA’s Telephone Consumer Protection Act Petition.  
Posted January 25, 2018 by CUNA Advocacy

The NCUA Board met to address four agenda items: the required annual Civil Monetary Penalty (CMP) inflation adjustment, a proposed rule to address severance payouts from insolvent credit unions under liquidation, adoption of the agency’s 2018-2022 Strategic Plan, and a briefing on Call Report Modernization. 

Posted January 24, 2018 by CUNA Advocacy

Following a two-page letter sent to staff outlining a new vision for the Consumer Financial Protection Bureau, Interim Director Mick Mulvaney detailed the mission in a Wall Street Journal Op-ed. In his piece, he made the following statements, 

“It’s fair to say that the bureau’s previous governing philosophy was to “push the envelope” aggressively, under the assumption that we were the good guys and the financial-service industry was the bad guys.” 

Posted January 24, 2018 by CUNA Advocacy
CUNA is seeking feedback from credit unions about the CFPB's Office of Financial Education Request for Information to learn more about the experience consumers are having with access to free credit scores and the experience of companies, and nonprofits, offering their customers and the general public free access to their credit scores.
Posted January 22, 2018 by CUNA Advocacy
As you likely know, Congress failed to come to an agreement to fund the government by January 19th.  The House was originally scheduled to be out of session this week, but stayed through the weekend until the Senate passed a short term funding bill earlier
Posted January 19, 2018 by CUNA Advocacy
The U.S. District Court for the District of Columbia ruled in favor of CUNA’s position Wednesday that President Donald Trump has the authority to appoint a director of the Consumer Financial Protection Bureau (CFPB). The case, English v. Trump, centered on whether Leandra English, picked
Posted January 19, 2018 by CUNA Advocacy

CUNA staff held a member webinar to discuss the threats and compliance challenges credit unions face surrounding website accessibility under the Americans with Disabilities Act (ADA).  The webinar had nearly 1000 registrants – if you missed it – you can register to watch the recorded version via this link!  

Posted January 19, 2018 by CUNA Advocacy

The Consumer Financial Protection Bureau (CFPB) announced its intention to engage in a rulemaking process to reconsider its short-term, small-dollar loan rule. CUNA and credit unions saw a major victory when the rule was finalized last year, as many provisions that would have negatively impacted consumers’ ability to access short-term, small-dollar credit were not finalized. 

Posted January 19, 2018 by CUNA Advocacy

The Consumer Financial Protection Bureau’s Acting Director Mulvaney announced the CFPB would be issuing a call for evidence to ensure the CFPB is fulfilling its proper functions to protect consumers.  

Posted January 19, 2018 by CUNA Advocacy
The NCUA board will vote on its 2018 2022 strategic plan at its Jan. 25 board meeting, according to the agenda released Thursday.
Posted January 19, 2018 by CUNA Advocacy

The House of Representatives passed H.R. 2954, the Home Mortgage Disclosure Adjustment Act by a vote of 243-184. 

Posted January 18, 2018 by CUNA Advocacy
Earlier this morning, the House Financial Services Committee completed a markup that began yesterday.  Prior to the start of the markup, CUNA sent a letter supporting four pieces of regulatory relief legislation – all four bills passed through Committee. 
Posted January 17, 2018 by CUNA Advocacy
The House of Representatives is scheduled to vote on H.R. 2954, the Home Mortgage Disclosure Adjustment Act this week.  Prior to the vote, CUNA sent a letter to Speaker Paul Ryan and Minority Leader Nancy Pelosi to reiterate support for the legislation. 
Posted January 17, 2018 by CUNA Advocacy
This week, CUNA filed a letter with the CFPB on an OMB request to conduct an online survey of consumers regarding ATM POS overdraft disclosure.
Posted January 16, 2018 by CUNA Advocacy
In response to the Department of Justice (DOJ) rescinding of an Obama-era policy that permitted legalized cannabis to expand in states across the country, Reps. Denny Heck (D-Wash.) and Ed Perlmutter (D-Colo.) circulated a Dear Colleague letter requesting that the Financial Crimes Enforcement Network (FinCEN) maintain its policy permitting financial institutions to engage with marijuana-related businesses.
Posted January 16, 2018 by CUNA Advocacy
This week, the House of Representatives will consider H.R. 2954, the Home Mortgage Disclosure Adjustment Act H.R. 3326, the World Bank Accountability Act of 2017  and H.R. 4712, the Born Alive Abortion Survivors Protection Act.
Posted January 16, 2018 by CUNA Advocacy
In the states, data breach legislation was front and center again last week. Only two states, Alabama and South Dakota, are without a data breach notification law.
Posted January 12, 2018 by CUNA Advocacy

NACHA has issued a Request for Comment regarding three proposed operating rule changes. These changes primarily relate to Same Day ACH; however, they carry implications for ACH processing at all institutions.

Rather than the usual call for comment letters, NACHA has posted an online survey in an effort gather specific feedback while also including freeform fields for general input.

Posted January 10, 2018 by CUNA Advocacy
The House Financial Services Committee held a hearing entitled, “Legislative Proposals for a More Efficient Federal Financial Regulatory Regime Part III.”  Prior to the hearing, CUNA sent a letter in support of two of the regulatory relief bills discussed.
Posted January 09, 2018 by CUNA Advocacy

CUNA and the state credit union leagues, representing all 50 states and the District of Columbia, wrote to Majority Leader McConnell and Minority Leader Schumer to encourage debate on the bipartisan S. 2155 – the Economic Growth, Regulatory Relief, and Consumer Protection Act.  

Posted January 09, 2018 by CUNA Advocacy
The Senate Banking, Housing, and Urban Affairs Committee held a hearing to discuss money laundering and other forms of illicit finance along with ways to reform and strengthen Bank Secrecy Act (BSA) enforcement.  Prior to hearing, CUNA sent a letter to Chairman Crapo and Ranking Member Brown that was entered into the record by the Chairman.
Posted January 02, 2018 by CUNA Advocacy

While Congress and the administration get back to work, I wanted to take some time to outline the credit union advocacy agenda for 2018. This isn't an agenda that has been cooked up here in Washington. It's an agenda that has been developed with the input, feedback and guidance of credit union leaders from across the country.

The foundation for our 2018 agenda is a new, bold advocacy goal: to revolutionize the operating environment for credit unions.

We seek to achieve this goal by:

Reducing regulatory burden so that credit union members have access to more efficient and affordable financial services from credit unions.

Expanding and protecting credit union powers so consumers and small businesses can more easily access the credit union services they need and demand.

Enhancing payment security to reduce the impact that merchant data breaches have on credit unions and their members.

Preserving the credit union tax status so that credit union members continue to enjoy not-for-profit cooperative financial services.


Posted January 08, 2018 by CUNA Advocacy
This week, both the House and Senate are in session but with relatively light legislative schedules.  Both bodies will resume negotiations on the omnibus appropriations bill.  Current government funding expires on January 19th so the clock is ticking.  In addition, the
Posted January 05, 2018 by CUNA Advocacy
Chairman Hensarling announced that the Committee’s staff director, Kristen Sutton Mork, will be leaving the Committee to take over as Chief of Staff at the Consumer Financial Protection Bureau.
Posted January 05, 2018 by CUNA Advocacy
CUNA, along with trade associations from a broad spectrum of stakeholders, sent a letter to Chairman Walden and Chairman Latta in support of federal legislation to protect personal information and, in the in the event of a data breach that could result in identity theft or other financial harm, ensure consumers are notified in a timely manner. 
Posted January 05, 2018 by CUNA Advocacy

CUNA joined other financial trade associations in sending a letter to Representatives Pearce and Luetkemeyer in support of their draft legislation the Counter Terrorism and Illicit Finance Act. 

Posted January 04, 2018 by CUNA Advocacy
The Department of Justice (DOJ) is rescinding the Obama era policy that permitted legalized cannabis to expand in states across the country.
Posted January 02, 2018 by CUNA Advocacy

The National Credit Union Administration (NCUA) is hosting a free (registration required) webinar at 2:00 PM Eastern on Wednesday, January 10, entitled “Welcome to CURE.” The webinar will feature Office of Credit Union Resources and Expansion (CURE) Director Martha Ninichuk and Deputy Director Jean Marie Komyathy discussing the agency’s realignment of offices and responsibilities.

Posted January 02, 2018 by CUNA Advocacy
2017 was a notable year in Washington and a fantastic year for credit union advocacy. Working together, CUNA, Leagues and credit unions accomplished so much in all areas of government.
Posted December 28, 2017 by CUNA Advocacy

The Department of Justice (DOJ) announced that it has rescinded two Advanced Notices of Proposed Rulemaking (ANPRM) related to website accessibility under Title II of the Americans with Disabilities Act (ADA) applicable to state and local governments and under Title III applicable to private businesses open to the public. 

Posted December 27, 2017 by CUNA Advocacy

CUNA submitted a letter to NCUA in response to the proposed rule on capital planning and supervisory stress testing. CUNA maintained that credit unions should remain exempt from stress testing requirements, as Congress intended. Further, any stress testing supervisory requirements should continue to provide exemptions for small institutions, as measured on a scale other than fixed asset thresholds.