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 February 29, 2016 by CUNA Advocacy

The committee report claims that the Labor Department disregarded concerns and recommendations from other agencies.

Posted February 26, 2016 by CUNA Advocacy
Several statehouses are considering legislation to update their credit union acts and expand credit union powers.
Posted February 26, 2016 by CUNA Advocacy
GAC attendees met with staff from CFPB, NCUA, the Fed, and NACHA
Posted February 26, 2016 by CUNA Advocacy
This post highlights the broad disagreement with CFPB Director Cordray's position on the Bureau's exemption authority.
Posted February 26, 2016 by CUNA Advocacy
A recent CFPB blog post on overdraft services neglected to mention credit union member preferences for these products.
Posted February 25, 2016 by CUNA Advocacy
While we are still concerned with the unintended consequences of the proposal, we are somewhat encouraged by aspects of this response.
Posted February 25, 2016 by CUNA Advocacy
In yesterday's meeting, the DOD agreed to develop explanatory material regarding its Defense Manpower Data Center (DMDC) database.
Posted February 25, 2016 by CUNA Advocacy
On Tuesday, Consumer Financial Protection Bureau Director Richard Cordray shared with the CUNA Governmental Affairs Conference his perspective regarding how the Bureau’s rules are impacting service to credit union members.
Posted February 24, 2016 by CUNA Advocacy
CUNA President/CEO Jim Nussle co-wrote an op-ed describing the financial burdens imposed by the 2010 Durbin Amendment.
Posted February 21, 2016 by CUNA Advocacy
Our friends in the banking sector have a welcome message for CUNA GAC participants.  They’re planning to take out this ad in Hill publications suggesting that if Congress is looking for tax revenue, credit unions are the place to find
Posted February 21, 2016 by CUNA Advocacy
Here are 5 things you need to know about your GAC visits with policymakers
Posted February 19, 2016 by CUNA Advocacy
A CUNA-supported letter signed by a bipartisan group of thirty members of the House of Representatives asks NCUA if it plans to “move toward an extended examination cycle for credit unions in 2016."
Posted February 19, 2016 by CUNA Advocacy
Our letter urged the Board to allow credit unions to accept IOTA (or IOLTA) accounts in Florida.
Posted February 18, 2016 by CUNA Advocacy
The report found that nearly 50 million records of Californians have been breached during the referenced time period and the majority of those breaches resulted from security failures.
Posted February 18, 2016 by CUNA Advocacy
The Board voted unanimously to approve its proposed modernization of credit union business lending.
Posted February 16, 2016 by CUNA Advocacy
We support three pieces of legislation that would reduce the regulatory burden that the rule could impose on CU investment services.
Posted February 15, 2016 by CUNA Advocacy
The draft strategic plan for 2017-2021 was approved and released for a 60-day public comment period.
Posted February 15, 2016 by CUNA Advocacy
Several provisions in the recent Highway Bill allow the CFPB to provide more flexibility for small creditors to qualify for exemptions to Regulation Z’s Qualified Mortgage (QM) balloon loan provisions and escrow requirements for higher-priced mortgage loans.
Posted February 12, 2016 by CUNA Advocacy
We expressed deep concern that CFPB is misinterpreting its statutory exemption authority.
Posted February 10, 2016 by CUNA Advocacy
We sent a letter highlighting credit union concerns with a “broadsword approach" that the CFPB took in its payday lending proposals.
Posted February 10, 2016 by CUNA Advocacy
This rule is most relevant to credit unions who engage in indirect auto lending, but the rule may also apply in any situation where the credit union is considered both the seller and the lender.
Posted February 10, 2016 by CUNA Advocacy
Our letter addressed steps the U.S. government should take in addressing best practices and whether NCUA should consider transitioning some or all of the Cybersecurity Framework’ coordination to another organization.
Posted February 09, 2016 by CUNA Advocacy
The letter was riddled with inaccuracies as well as distortions of the truth. The ABA again demonstrates a willful misunderstanding of how and why credit unions exist and operate.
Posted February 05, 2016 by CUNA Advocacy
Credit union representatives urged FASB to recognize the difference between large and small entities that will be impacted by the pending credit impairment proposal.
Posted February 03, 2016 by CUNA Advocacy
Our letter applauded NCUA's proposal, while suggesting further improvements.
Posted February 03, 2016 by CUNA Advocacy
We've been supporting these legislative fixes to the proposals in the DOL's fiduciary rule
Posted February 03, 2016 by CUNA Advocacy
The CFPB's Field Hearing focused on expanding access to checking accounts.
Posted February 02, 2016 by CUNA Advocacy
In several states, legislation has been introduced that would create a private cause of action against any credit union that discriminates against a firearm and ammunition business by refusing service.
Posted February 02, 2016 by CUNA Advocacy
Our letter urges all House members to vote for the legislation, which would place limits on the FDIC-DOJ program which has come under criticism.
Posted February 02, 2016 by CUNA Advocacy
Access to the Defense Manpower Data Center (DMDC) can be requested until February 15; the original deadline was February 1.
Posted February 01, 2016 by CUNA Advocacy
During a recent meeting with NCUA, officials indicated that they are willing to start moving toward the extended period between exams for some credit unions.
Posted February 01, 2016 by CUNA Advocacy
Indiana law places restrictions on how loans can be made to individual officers of state-chartered credit unions, including an aggregate limit on how much money an officer can borrow from the credit union.
Posted February 01, 2016 by CUNA Advocacy
The changes would ease the regulatory burden of Michigan credit unions and provide flexibility for credit unions to better serve members.
Posted February 01, 2016 by CUNA Advocacy
Legislation comes after a year of collaboration with Wisconsin regulator
Posted February 01, 2016 by CUNA Advocacy
Legislation would allow credit unions to register a central location and person to be served with any lawsuits.
Posted February 01, 2016 by CUNA Advocacy
Two Virginia Credit Union League-supported bills were introduced in the Virginia House of Delegates.
Posted February 01, 2016 by CUNA Advocacy
The proposed law would lead to the inclusion of credit unions as another available option to administer the lending programs in Ohio communities.
Posted February 01, 2016 by CUNA Advocacy
The New York Credit Union Association is advancing bills that would permit credit unions to accept public deposits.
Posted February 01, 2016 by CUNA Advocacy
The Cooperative Credit Union Association is seeking an extensive recodification in Massachusetts.
Posted February 01, 2016 by CUNA Advocacy
GCUA's bill would clarify that credit unions are included in the unauthorized practice of law exemption for financial institution operations.
Posted February 01, 2016 by CUNA Advocacy
Arizona legislation would modernize director compensation and governance requirements.


Posted February 01, 2016 by CUNA Advocacy
The intent of the measure is to provide parity and ensure state chartered credit unions and federally chartered credit unions fall under the same account verification requirements.