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 November 30, 2015 by CUNA Advocacy
Today, we sent a letter to two members of the US House, asking them to support a bill that would raise the asset threshold for supervision and examination from the CFPB.
Posted November 24, 2015 by CUNA Advocacy
The Labor Department is now targeting a July 2016 release of its final overtime pay rule.
Posted November 23, 2015 by CUNA Advocacy
Today we filed a comment letter with the NCUA on the agency’s proposed investment rule for bank notes.
Posted November 23, 2015 by CUNA Advocacy
CUNA’s Advocacy Committee and Federal Credit Union Subcommittee were recently briefed by NCUA staff on the recent proposed field of membership (FOM) rule.
Posted November 20, 2015 by CUNA Advocacy
Today the CFPB released its fall rulemaking agenda, providing some insight into what issues it will be focusing on in the next several months.
Posted November 19, 2015 by CUNA Advocacy
We have composed a summary of today's NCUA Board meeting.
Posted November 19, 2015 by CUNA Advocacy
Earlier today, the NCUA Board proposed comprehensive changes to its field of membership regulations.
Posted November 18, 2015 by CUNA Advocacy

The House approved a bill today that would allow would allow credit unions and other lenders to treat mortgages held in portfolio as qualified mortgages (QM).

Posted November 18, 2015 by CUNA Advocacy
The Financial Accounting Foundation (FAF) adopted several changes to the operating procedures of the PCC, which is the primary advisory body to FASB, on accounting issues affecting credit unions.
Posted November 18, 2015 by CUNA Advocacy
A recent effort by the retail industry to hype the power of chip-and-PIN technology to address data security problems seems to have fallen well short of its goal.
Posted November 17, 2015 by CUNA Advocacy
Today we sent a letter urging Congress to address the recent TCPA ruling and Order from the FCC, which has created some significant problems for credit unions.
Posted November 16, 2015 by CUNA Advocacy

Today we sent a letter to U.S. House lawmakers, encouraging them to vote yes this week on a measure that would remove a significant barrier for credit unions. 

Posted November 16, 2015 by CUNA Advocacy
This week, we expect NCUA to propose a new field of membership regulation that incorporates several of the recommendations we proposed earlier this year.
Posted November 13, 2015 by Chandler Schuette
New York’s credit union and bank regulator recently released potential new regulations aimed at increasing cybersecurity in financial services.
Posted November 13, 2015 by CUNA Advocacy
In a letter to the CFPB, SBA, and Office of Information and Regulatory Affairs (OIRA), we expressed concerns about proposals under consideration for arbitration agreements.
Posted November 12, 2015 by CUNA Advocacy

Today we sent a letter to NCUA chair Debbie Matz to express our concerns with the agency's budget for 2016.

Posted November 12, 2015 by CUNA Advocacy
New information suggests that the agency’s rule on overtime pay isn’t likely to appear before late 2016.
Posted November 11, 2015 by CUNA Advocacy
Today, we wrote a letter to House and Senate conferees on the highway transportation bill, in support of provisions that remove regulatory barriers.
Posted November 09, 2015 by CUNA Advocacy
Pahranagat Valley Federal Credit Union CEO Robin Simmers told a House Small Business Committee Subcommittee that credit unions face a crisis of creeping complexity with respect to regulatory burdens.
Posted November 05, 2015 by CUNA Advocacy

The Department of Education recently adopted revisions to its Title IV Higher Education Act (HEA) cash management rules.

Posted November 05, 2015 by CUNA Advocacy
Earlier this week, we met CFPB staff to discuss their proposals for arbitration clauses.
Posted November 05, 2015 by CUNA Advocacy
With votes counted in Kentucky, Mississippi, New Jersey, Tennessee and Virginia, the parties controlling state legislatures remain unchanged.
Posted November 04, 2015 by CUNA Advocacy
Yesterday, the House Financial Services Committee passed a bill that would allow federal thrift institutions to operate more like commercial banks by allowing them to expand their portfolios in new areas, particularly business lending.
Posted November 03, 2015 by CUNA Advocacy
League representatives from the Dakotas and Pennsylvania helped to wrap up another successful Hike the Hill season, which included hundreds of meetings with regulators and members of Congress.
Posted November 02, 2015 by CUNA Advocacy
Today, we submitted a letter to the CFPB regarding their survey of overdraft forms, urging them to open the survey up to public comment before it is used.
Posted November 02, 2015 by CUNA Advocacy
Several CUNA staff were present at NCUA’s Open Forum on Friday and pressed issues of concern including the FASB rules on CECL,  Member Business rule (MBL), the exam cycle, and TCPA.
Posted November 01, 2015 by CUNA Advocacy
A look at the Wisconsin Credit Union League's advocacy agenda for 2016.