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 April 29, 2016 by CUNA Advocacy
This set of prototype disclosures would provide borrowers with personalized information about their repayment options from loan servicers.
Posted April 29, 2016 by CUNA Advocacy
FFIEC recognizes that the compliance world has changed, and is updating the rule for the first time since 1980, to reflect existing laws and regulations.
Posted April 29, 2016 by CUNA Advocacy
This bill, along with its Senate companion, attempts to use the Congressional Review Act to block implementation of the final rule.
Posted April 29, 2016 by CUNA Advocacy
This bill would prohibit the use of guarantee fees to offset unrelated federal spending.
Posted April 28, 2016 by CUNA Advocacy
Director Cordray acknowledged the difficulties with the recent TRID rule, and announced that the CFPB will begin the process of amending it.
Posted April 27, 2016 by CUNA Advocacy
The Board finalized several CUNA-supported improvements, and decided to push back the implementation date until December 2020.
Posted April 26, 2016 by CUNA Advocacy
Our letter commended the NCUA for opening up the OTR and the Operating Fee Schedule for public comments, but criticized some aspects of the proposed methodologies.
Posted April 26, 2016 by CUNA Advocacy
We stressed that credit unions should have equal access to partner with the FHFA and the government-sponsored enterprises (GSE) as they craft regulations and pilot programs.
Posted April 25, 2016 by CUNA Advocacy
CUNA and League representatives discussed successes and challenges with the implementation of HMDA and other recent rules.
Posted April 25, 2016 by CUNA Advocacy
The Senator has been an advocate for financial literacy on and off Capitol Hill.
Posted April 22, 2016 by CUNA Advocacy
Our letter thanked the Bureau for properly implementing Congress’s intention to expand the pool of small creditors that will be eligible for exemptions from new mortgage rules.
Posted April 21, 2016 by CUNA Advocacy
This legislation includes many provisions, two of which may affect state-chartered credit unions.
Posted April 21, 2016 by CUNA Advocacy
We expect that the proposed rule for arbitration will be released in conjunction with the hearing.
Posted April 21, 2016 by CUNA Advocacy
The FASB Board will meet to discuss the costs and benefits of the standard as well as its effective date.
Posted April 21, 2016 by CUNA Advocacy
The latest meeting featured a report on the share insurance fund and the proposal of two new rules.
Posted April 21, 2016 by CUNA Advocacy
This legislation would delay the implementation of the CFPB's HMDA rule until the GAO has studied the impact of these increased data points, and ensured that consumer data remains secure.
Posted April 21, 2016 by CUNA Advocacy

The latest research report from the Bureau focused on online payday lenders and their relation to the banking system.

Posted April 20, 2016 by CUNA Advocacy
Members in both chambers of Congress have introduced resolutions to prevent the final fiduciary rule from being implemented.
Posted April 18, 2016 by CUNA Advocacy
The bill permits state chartered credit unions to compensate directors and to substitute an audit committee for a supervisory committee.
Posted April 18, 2016 by CUNA Advocacy
The legislation would limit the ability of Federal banking regulators to discourage or restrict certain customer relationships, unless certain criteria are met.
Posted April 18, 2016 by CUNA Advocacy
The bill would create a Credit Union Advisory Committee and a Community Bank Advisory Committee within the Treasury Department.
Posted April 15, 2016 by CUNA Advocacy
While we appreciate some of the Director's comments, the Bureau has still fallen short of providing meaningful regulatory relief for credit unions.
Posted April 14, 2016 by CUNA Advocacy
In advance of a subcommittee hearing on job growth, we sent a letter urging the committee to consider two bills that would help expand credit union small business lending and therefore job creation.
Posted April 13, 2016 by CUNA Advocacy
The CFPB's structure came under Constitutional scrutiny in recent oral arguments before a US appellate court.
Posted April 13, 2016 by CUNA Advocacy
We urged the CFPB to craft its rulemaking away from credit unions, and acknowledge the consumer-friendly nature of credit union products.
Posted April 13, 2016 by CUNA Advocacy
This legislation is expected to increase the efficiency and competitiveness of Alabama’s state chartered credit unions
Posted April 13, 2016 by CUNA Advocacy
Our letter ensured that members of the committee will be fully aware of the credit union difference as they prepare to consider tax reform options.
Posted April 12, 2016 by CUNA Advocacy
Credit union staff and representatives met with CFPB officials to clarify and expand on concerns illustrated in our recent comment letter regarding the CFPB's HMDA Resubmission guidelines.
Posted April 11, 2016 by CUNA Advocacy
A CUNA-supported bill that would change the CFPB's funding mechanism is heading to a committee markup on Wednesday.
Posted April 11, 2016 by CUNA Advocacy
A pair of letters we sent to both chambers of Congress expresses our support for two bills that would require the US Department of Labor to more carefully assess the impact of its Overtime Pay Rule on small institutions.
Posted April 07, 2016 by CUNA Advocacy
The bill replaces the comp and collision requirement with a TNC-capitalized lien recovery fund.
Posted April 07, 2016 by CUNA Advocacy
The CFPB Director reiterated his view that his agency has appropriately used and interpreted the exemption authority in Section 1022 of Dodd-Frank.
Posted April 07, 2016 by CUNA Advocacy
The Department of Labor released its final rule defining who is a “fiduciary” of an employee benefit plan under the Employee Retirement Income Security Act of 1974 (ERISA).
Posted April 05, 2016 by CUNA Advocacy
The hearing featured expert testimony from four witnesses, and focused on how CFPB enforcement actions and regulations have impacted consumer access to financial services.
Posted April 05, 2016 by CUNA Advocacy
Two federal lawsuits are now challenging key aspects of Dodd-Frank, involving both of the new regulatory bodies created by the act.
Posted April 05, 2016 by CUNA Advocacy
Our letter, which was sent in response to a request for information from two members of Congress, included several suggestions for how the CFPB could ease compliance with this massive new regulation.
Posted April 04, 2016 by CUNA Advocacy
Our letter included suggestions for how NCUA could modernize its examination process to minimize burdens on both NCUA and credit union staff.
Posted April 04, 2016 by CUNA Advocacy
This jointly filed brief urges the Supreme Court to overturn the appellate court's ruling in City of Miami v. Bank of America, which would vastly widen the potential for lawsuits under the Fair Housing Act.
Posted April 04, 2016 by CUNA Advocacy
Since last month's advocacy efforts, FASB has made positive changes to its proposed accounting standard.
Posted April 01, 2016 by CUNA Advocacy
The Badger State has just updated it credit union act.
Posted April 01, 2016 by CUNA Advocacy
This controversial rule is likely to be released as final next week, although pressure from Congress and the courts may continue.