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, 2016 by CUNA Advocacy

“Trust Betrayed: Financial Abuse of Older Americans by Guardians and Others in Power.” 

Posted November 30, 2016 by CUNA Advocacy

Read on to see what was discussed. 

Posted November 28, 2016 by CUNA Advocacy

CUNA filed its comment letter supporting the proposed rule implementing changes to the current FHLB rule. 

Posted November 27, 2016 by Ryan Donovan
The House of Representatives and the Senate return this week from their Thanksgiving break.  The Senate will consider S.2873, the Expanding Capacity for Health Outcomes (ECHO) Act.  The House is expected to consider H.R. 6392, the Systemic Risk Designation Improvement Act of 2016,
Posted November 23, 2016 by CUNA Advocacy

The injunction is effective nationwide and will remain in effect pending further order of the court.

Posted November 22, 2016 by CUNA Advocacy

Seeking input on an interagency proposal on private flood insurance.

Posted November 22, 2016 by CUNA Advocacy

We argue that NCUA’s interpretation of the Federal Credit Union Act in the rule is well within the agency’s legal authority and defend NCUA’s definition of MBL noting it has not substantively changed since 2003 and by definition can only include loans made to a member of the lending credit union

Posted November 21, 2016 by CUNA Advocacy

A decision on this case will determine whether President-elect Trump can remove the Director of the CFPB "at will" or "for cause."

Posted November 21, 2016 by CUNA Advocacy

We discuss highlights of Director Cordray's meeting in Alaska.

Posted November 17, 2016 by CUNA Advocacy

FinTech companies at the heart of discussion on financial records access. 

Posted November 17, 2016 by CUNA Advocacy

Details of NCUA's November 2016 Board meeting. 

Posted November 17, 2016 by CUNA Advocacy
House Committee Chairs send letter to agencies urging forbearance on pending rules.
Posted November 16, 2016 by CUNA Advocacy

Webinar will be held December 1 at 3pm EST.

Posted November 16, 2016 by CUNA Advocacy

The CFPB will convene a public field hearing at 11am MST, November 17. 

Posted November 16, 2016 by CUNA Advocacy

How the Trump Administration could affect the rule's implementation. 

Posted November 16, 2016 by CUNA Advocacy

A rundown of what these changes will mean for credit unions. 

Posted November 15, 2016 by CUNA Advocacy

Yesterday, CUNA and the New York Credit Union Association filed a joint comment letter in response to a burdensome New York proposed regulation mandating banks and credit unions, insurance companies and financial service providers establish cybersecurity programs to protect nonpublic electronic information.

Posted November 14, 2016 by CUNA Advocacy

Enforcement action, payday and small dollar rule also among topics discussed in meeting with CFPB.

Posted November 11, 2016 by Ryan Donovan

Next week, Congress will return for a lame duck session.  While the House is scheduled to be in session 16 days and the Senate 20, this is the type of session that will extend until the must-pass work is done.  You may recall that four years a

Posted November 11, 2016 by CUNA Advocacy

Answers to questions regarding the CFPB post election. 

Posted November 11, 2016 by CUNA Advocacy

CUNA encourages CFPB to impose a moratorium on all pending rulemakings citing consumer concerns. 

Posted November 11, 2016 by CUNA Advocacy

Post-election, Republicans will control both chambers of the legislature in 32 states, Democrats will control both chambers in 13 states and three states will split control. Control in New York remains influx.

Posted November 11, 2016 by CUNA Advocacy

Voters in California, Maine, Massachusetts and Nevada voted to legalize the use of recreational marijuana while Arizona voters rejected legalization

Posted November 10, 2016 by Ryan Donovan

In an election that has been marked with surprises both during the primary and general elections, the American public chose Donald J. Trump as the 45th President of the United States. 

Posted November 10, 2016 by CUNA Advocacy

Hours after Donald Trump was elected CUNA reached out to President-elect Trump's Transition Committee expressing a desire to work together.  The letter makes the point that just as democracy is... 

Posted November 04, 2016 by CUNA Advocacy

CUNA filed a letter with the CFPB in response to its RFI on Payday Loans, Vehicle Title Loans, Installment Loans, and Open-End Lines of Credit, highlighting consumer friendly CU services that should not be detrimentally impacted by CFPB rulemakings. 

Posted November 04, 2016 by CUNA Advocacy

Read CUNA President and CEO Jim Nussle's letter to the NCUA concerning their proposed 2017-2018 budget. 

Posted November 04, 2016 by CUNA Advocacy

CFPB developing and implementing a web-based data submission to process HMDA data. 

Posted November 04, 2016 by Ryan Donovan
In the coming days, there will be no shortage of election analysis.  As we approach this historic election, we have given some high level thought to the possible outcomes and the impact on credit union priorities.
Posted November 04, 2016 by Ryan Donovan
A great deal of new information has emerged recently concerning the NCUA’s program to deal with the cost of the conservatorships of five corporate credit unions during the financial crisis of the past decade.
Posted November 03, 2016 by CUNA Advocacy

In addition to the races for control of the White House and Congress, we are closely monitoring the contests for control of the state houses.

Posted November 03, 2016 by CUNA Advocacy
As the first implementation date of April 2017 draws near for the DOL Fiduciary rule, the agency released the first round of FAQs. CUNA expects the DOL to release additional FAQs over the next few months.  One applicable FAQ addresses the BICE
Posted November 01, 2016 by CUNA Advocacy
The U.S. Government Accountability Office (GAO) released its report comparing the single family home purchase loans guaranteed by the Rural Housing Service (RHS) and the Federal Housing Administration (FHA) for fiscal years 2010–2014 and identified significant overlap and some differences