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 27, 2019 by CUNA Advocacy

The Senate Commerce Committee held a hearing entitled “Policy Principles for a Federal Data Privacy Framework in the United States.”

Posted February 27, 2019 by Chandler Schuette

The Senate Banking Committee voted Tuesday to advance the nominations of Rodney Hood and Todd Harper to serve on the NCUA board, and for Mark Calabria to serve as director of the Federal Housing Finance Agency (FHFA). 

Posted February 26, 2019 by Chandler Schuette

The FTC and CFPB reauthorized a memorandum of understanding between the agencies.

Posted February 26, 2019 by Chandler Schuette

The Credit Union Advisory Council (CUAC) will have a meeting on March 14, 2019, at the CFPB’s headquarters in Washington, D.C. 

Posted February 26, 2019 by CUNA Advocacy

CUNA wrote to the Committee Chairwoman and Ranking Member prior to the hearing in the House Financial Services Committee entitled, “Who’s Keeping Score? Holding Credit Bureaus Accountable and Repairing a Broken System,” 

Credit reporting agencies (CRAs) play a critical role in the financial lives of Americans as the credit scores and reports they generate are influential metrics for many lending decisions.  CUNA raised several concerns among their members in regards to CRAs

Posted February 26, 2019 by CUNA Advocacy

CUNA wrote to Chairman Quigley and Ranking Member Graves prior to today’s House Appropriations Subcommittee on Financial Services and General Government hearing entitled, “Leveraging Private Capital for Underserved Communities and Individuals: A Look into Community Development Financial Institutions (CDFIs).” 

Posted February 26, 2019 by CUNA Advocacy

The Senate Banking Committee advanced nominees for the NCUA Board and the Federal Housing Finance Agency out of the Committee.

  • Dr. Mark Anthony Calabria, to be Director of the Federal Housing Finance Agency: Passed by a vote of 13-12.
  • Mr. Todd M. Harper, to be a Member of the National Credit Union Administration Board: Passed by Voice Vote.
  • The Honorable Rodney Hood, to be a Member of the National Credit Union Administration Board: Passed by Voice Vote.

Posted February 25, 2019 by Chandler Schuette

Senate Banking Committee is expected to vote on NCUA, FHFA nominations.

Posted February 25, 2019 by CUNA Advocacy

The House will consider H.R. 8, the Bipartisan Background Checks Act of 2019; H.R. 1112, the Enhanced Background Checks Act of 2019; and H.J. Res. 46, relating to a national emergency declared by the President on February 15, 2019. The Senate is expected to vote on S. 311, the Born-Alive Abortion Survivors Protection Act.  In addition, the Senate may consider the nomination of Eric D. Miller, of Washington, to be United States Circuit Judge for the Ninth Circuit. 

Posted February 22, 2019 by CUNA Advocacy

CUNA representatives will meet with staff from FCC Chairman Pai’s office to discuss the need to clarify the definition of an autodialer and modernize the TCPA. 

Posted February 22, 2019 by CUNA Advocacy

CUNA and WOCCU jointly urged the Internal Revenue Service (IRS) to reduce regulatory burden for credit unions in connection with the Foreign Account Tax Compliance Act (FATCA). 

Posted February 21, 2019 by CUNA Advocacy

CUNA wrote to newly confirmed Attorney General William Barr Tuesday to call attention to the legal threats facing credit unions due to uncertainty with how the Americans With Disabilities Act (ADA) applies to websites.

Posted February 19, 2019 by Chandler Schuette

Rachel Pross, Chief Risk Officer at MAPS CU, Salem, Ore., testified before the House Financial Services Subcommittee on Consumer Protection and Financial Institutions for a hearing entitled "Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses."

Posted February 14, 2019 by CUNA Advocacy

This week, the House of Representatives and the Senate are considering a budget deal to avoid another government shutdown, as well as fund the federal government through the end of fiscal year 2019 (September 30, 2018).

Posted February 14, 2019 by CUNA Advocacy

The U.S. Senate voted 54-45 to confirm William P. Barr to be the 85th Attorney General of the United States.

Posted February 14, 2019 by CUNA Advocacy

On Thursday, February 14th, the Senate Committee on Banking, Housing and Urban Development conducted a hearing on the nominations of: Mr. Bimal Patel, of Georgia, to be an Assistant Secretary of the Treasury; Mr. Todd M. Harper, of Virginia, to be a Member of the National Credit Union Administration Board; The Honorable Rodney Hood, of North Carolina, to be a Member of the National Credit Union Administration Board; and Dr. Mark Anthony Calabria, of Virginia, to be Director of the Federal Housing Finance Agency.

Posted February 14, 2019 by CUNA Advocacy

The NCUA Board issued proposals on flood insurance and supervisory audit committees.

Posted February 13, 2019 by CUNA Advocacy

The CFPB recently published its Semi-Annual Report to Congress for the period beginning April 1, 2018 and ending September 30, 2018.  The report was issued by Director Kathy Kraninger but covers actions taken during Acting Director Mick Mulvaney tenure as the head of the Bureau. 

Posted February 12, 2019 by CUNA Advocacy

CUNA submitted a letter Monday in response to the Consumer Financial Protection Bureau’s (CFPB) proposal to amend its No-Action Letter (NAL) Policy and create a “Product Sandbox” to facilitate innovation, urging the Bureau avoid creating an uneven playing field.

Posted February 11, 2019 by CUNA Advocacy

The Committee on Banking, Housing, and Urban Affairs will meet in open session to conduct a hearing on several nominations including Mr. Todd M. Harper, of Virginia, to be a Member of the National Credit Union Administration Board; The Honorable Rodney Hood, of North Carolina, to be a Member of the National Credit Union Administration Board; and Dr. Mark Anthony Calabria, of Virginia, to be Director of the Federal Housing Finance Agency. 

Posted February 11, 2019 by CUNA Advocacy

CUNA submitted a letter in response to a joint proposal issued by the Federal Reserve and Consumer Financial Protection Bureau that would make amendments to Regulation CC (which implements the Expedited Funds Availability (EFA) Act) Friday. 

Posted February 11, 2019 by CUNA Advocacy

Both the House and Senate are in session this week.  President Trump and Congressional leaders are continuing negotiations on an agreement to fund the federal government through September 30th, the end of fiscal year 2019.  The current Continuing Resolution funds the federal government through February 15th. 

Posted February 08, 2019 by CUNA Advocacy

Rachel Pross, Chief Risk Officer at MAPS Credit Union in Salem, Oregon will testify on behalf of Credit Union National Association (CUNA) at a hearing on cannabis banking in the House Financial Services Committee (HFSC), Subcommittee on Consumer Protection and Financial Institutions. 

Posted February 06, 2019 by CUNA Advocacy

CUNA sent a letter to NCUA Chairman McWatters regarding the agency’s efforts to prepare credit unions for compliance with the Financial Accounting Standards Board’s (FASB) updated accounting standard on credit losses (referred to as CECL (current expected credit losses)).

Posted February 06, 2019 by Chandler Schuette

On February 6th, the CFPB issued two proposed rules to amend provisions of its 2017 final rule on “Payday, Vehicle Title, and Certain High-Cost Installment Loans” (Payday Rule).  

Posted February 06, 2019 by CUNA Advocacy

Credit Union National Association (CUNA) calls on policymakers to create a national data security framework. 

Posted February 04, 2019 by CUNA Advocacy

Both the House and Senate are in session this week.  President Trump and Congressional leaders are continuing negotiations on an agreement to fund the federal government through September 30th, the end of fiscal year 2019.  The current Continuing Resolution funds the federal government through February 15th. 

Posted February 04, 2019 by CUNA Advocacy

President Donald Trump nominated Todd Harper to serve as an NCUA board member Friday, February 1st.

Posted February 01, 2019 by CUNA Advocacy

On January 31, 2019, the NCUA Board voted unanimously to approve final rules permitting federally insured credit unions, to accept private flood insurance policies under certain conditions.

Posted February 01, 2019 by CUNA Advocacy

Sen. Mike Crapo (R-ID), chair of the Senate Banking Committee, released an outline of his proposal for housing finance reform legislation on Friday.

Posted February 01, 2019 by CUNA Advocacy

This week the CFPB issued policy guidance describing modifications that the Bureau intends to apply to the loan-level data that financial institutions report under the Home Mortgage Disclosure Act (HMDA) and Regulation C before the data is disclosed to the public. 

Posted February 01, 2019 by CUNA Advocacy

CUNA wrote in support of a bill Thursday that would update thresholds for certain reporting thresholds contained in the Bank Secrecy Act (BSA). The bill, H.R. 388, was introduced by Rep. Barry Loudermilk (R-Ga.), and would raise reporting thresholds for institutions filing Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs).