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Removing Barriers Blog

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Clear results
Keeping member credit unions and leagues current on what and why we are doing for advocacy efforts including legislative, regulatory and state governmental affairs.
Rep. Garamendi Letter to NCUA Chair Supporting FOM Modernization
Posted December 18, 2015 by CUNA Advocacy
The letter was supportive of credit unions and the recent proposed rule.
House Members Send Letter to CFPB Requesting Higher Exemption Threshold for HMDA
Posted December 17, 2015 by CUNA Advocacy
Several House members requested the CFPB consider higher exemption thresholds, and provide additional information about the new rule.
CUNA State Government Affairs 2015 Year End Review
Posted December 17, 2015 by CUNA Advocacy
It's been quite a year for our State Advocacy team- here's some of what we accomplished.
FFIEC Agencies Reiterate Voluntary Nature of Cybersecurity Assessment Tool
Posted December 17, 2015 by CUNA Advocacy
Yesterday’s notice makes clear that the Assessment is and will continue to be voluntary.
Summary of 12/17 NCUA Board Meeting
Posted December 17, 2015 by CUNA Advocacy
The Board addressed a few small issues at today's meeting.
First Look at Credit Union Provisions in Omnibus Bill
Posted December 16, 2015 by CUNA Advocacy
It appears that the must-pass funding bill contains no meaningful relief for credit unions.
FASB Continues to Deliberate on Changes to its Credit Impairment Standard
Posted December 11, 2015 by CUNA Advocacy
FASB is still working through technical issues and has pushed the date of a vote on the standard from December to January.
Regulatory
Senate Commerce Committee Approves Reappointment of FCC Commissioner Rosenworcel
Posted December 10, 2015 by CUNA Advocacy
An FCC Commissioner who opposed the CUNA-supported exemption for financial institutions is headed to another 5-year term.
Regulatory
Field of Membership Rule Published in the Federal Register
Posted December 10, 2015 by CUNA Advocacy
Today NCUA’s proposed field of membership (FOM) rule was published in the Federal Register, and is now open for comment.
Regulatory
CUNA Continues to Press Regulators on DoD’s MLA Rule
Posted December 09, 2015 by CUNA Advocacy
We've been working to clarify provisions and requirements under the recent final Military Lending Act rule.
House Financial Services Committee Passes Two CUNA-Supported Bills
Posted December 09, 2015 by CUNA Advocacy
Today the House Financial Services Committee passed two CUNA-supported blills: the Data Security Act of 2015 (H.R. 2205), and the NCUA Budget Transparency act (HR 2287).
Legislative
League Advocacy Paves the Way for Target Settlement
Posted December 07, 2015 by CUNA Advocacy
Steps taken by the Minnesota Credit Union Network (MnCUN) eight years ago set the stage for last week’s proposed $39 million settlement between Target,credit unions, and other financial institutions for the retailer’s massive 2013 data breach.
State Government Affairs
CUNA Files Amicus Curiae Brief to Vacate FCC TCPA Order
Posted December 04, 2015 by CUNA Advocacy
In an amicus curiae brief we filed Wednesday, we expressed our view that the recent FCC omnibus Telephone Consumer Protection Act order is arbitrary, capricious and should be vacated.
CUNA Refutes Director Cordray's Comments on Impact of CFPB Regulations
Posted December 03, 2015 by CUNA Advocacy

On Thursday, CUNA refuted CFPB Director Richard Cordray's statements that Bureau rules have not lead to providers leaving markets, as some have argued they would.

Regulatory
Letter Urging House to Support Highway Bill
Posted December 02, 2015 by CUNA Advocacy
Today we sent a letter to members and leadership of the US House, urging them to vote for the Highway Bill which contains several regulatory relief provisions.
Highway Bill Conference Report Removes Regulatory Barriers
Posted December 01, 2015 by CUNA Advocacy
The Highway Bill conference committee's new draft highway and transit bill contains credit union regulatory relief measures that we have strongly and repeatedly advocated for.
Legislative, Regulatory
CUNA Meets with CFPB on Payday Loan Rule
Posted December 01, 2015 by CUNA Advocacy
Our staff again met with the CFPB to reiterate our concerns with the agency's proposals on payday loans.
Regulatory

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