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 May 31, 2016 by CUNA Advocacy

We responded to Treasury Secretary Jack Lew's request for new legislation expanding FATCA reporting requirements to non-interest bearing accounts.

Posted May 27, 2016 by CUNA Advocacy
NCUA Chairman Rick Metsger prioritized several projects that will have a large impact on credit unions and how they interact with the NCUA. 
Posted May 27, 2016 by DW CMS

That one thing that would help us in advocacy this summer is for you to invite a Member of Congress to your credit union.

Posted May 27, 2016 by CUNA Advocacy
In the past few months, the CFPB has increasingly focused on preventing elder abuse, and has been distributing media on the subject.
Posted May 26, 2016 by CUNA Advocacy
Agency staff received input from a diverse array of credit union representatives, including Tim Anderson, President/CEO of Government Printing Office FCU.
Posted May 26, 2016 by CUNA Advocacy
Credit Unions in Illinois, Missouri and South Carolina are on the cusp of receiving several new powers.
Posted May 26, 2016 by CUNA Advocacy

Several recent changes clearly demonstrate that the NCUA under Chairman Metsger is serious about improving call report and supervision processes.

Posted May 25, 2016 by CUNA Advocacy
The PROMESA Act was sponsored by Rep. Sean Duffy (R-WI), and includes several measures to begin addressing the Puerto Rican debt crisis.
Posted May 24, 2016 by CUNA Advocacy
The draft also maintains or increases funding levels for several important community and small business development funds.
Posted May 24, 2016 by CUNA Advocacy
Pennsylvania credit unions of all different asset sizes discussed regulatory burden,and  urged the CFPB to exempt credit union small-dollar products from the upcoming payday loan rulemaking.
Posted May 24, 2016 by CUNA Advocacy
Our comments stressed that since credit unions are frequently involved in the financing of automobiles and the transfer of titles, the ability to perfect a lien is of utmost importance to our members.
Posted May 24, 2016 by CUNA Advocacy
Two CFPB staff who helped draft the expansion of the rural designation will answer questions during this half-hour briefing.
Posted May 23, 2016 by CUNA Advocacy
We are now welcoming comments from credit unions on the CFPB's recent proposed rule on pre-dispute arbitration clauses.
Posted May 20, 2016 by CUNA Advocacy
Since this large type legislation is often a vehicle for smaller items, we closely monitored its passage to ensure it didn't contain anything harmful to credit unions.
Posted May 20, 2016 by CUNA Advocacy
Michigan is close to updating its credit union act in more than a dozen ways, and the Arizona act now allows for director compensation.
Posted May 19, 2016 by CUNA Advocacy
Several pending rulemakings will impact credit unions, and could increase the regulatory burdens they face.
Posted May 19, 2016 by CUNA Advocacy
CUNA CEO Jim Nussle and several CUNA staff presented the Director with several documents demonstrating increasing regulatory burden and discussed how the CFPB can ease them going forward.
Posted May 19, 2016 by CUNA Advocacy
We closely followed this hearing, because it remains our view that allowing credit unions to expand small business lending would be a key driver of economic growth.
Posted May 19, 2016 by CUNA Advocacy
Board members and Larry Fazio discussed call report modernization and extending exam cycles.
Posted May 19, 2016 by Meghan M
We believe this recent CFPB proposal could damage the healthy relationship between credit unions and their member-owners.
Posted May 19, 2016 by CUNA Advocacy
We expect that the CFPB's long-awaited proposed rule on payday/small dollar lending will be released at this hearing.
Posted May 18, 2016 by CUNA Advocacy
While we appreciate the inclusion of our input in the final rule, we remain concerned about the burdens it places on credit unions.
Posted May 18, 2016 by CUNA Advocacy
Committee members and witnesses echoed our concerns, specifically about what constitutes and "autodialer", and what businesses should do when a customer's phone number has been reassigned.
Posted May 18, 2016 by CUNA Advocacy
Credit union representatives discussed FASB's recent credit-impairment standard, and emphasized that standards for big banks are often inappropriate when applied to credit unions.
Posted May 18, 2016 by CUNA Advocacy
This new move is intended to allow Board members to hold discussions amongst themselves before initiating a rulemaking.
Posted May 18, 2016 by CUNA Advocacy
We are requesting an update to possible revisions of the rule, as well as a compliance guide, before the October effective date.
Posted May 17, 2016 by CUNA Advocacy
We thanked the committee for holding a hearing on this unworkable TCPA Order, and provided detailed analysis of the burdens it imposes.
Posted May 17, 2016 by CUNA Advocacy
We used this discussion on Capitol Hill to further promote H.R. 1188, which would increase the statutory member business lending (MBL) cap to 27.5 percent.
Posted May 17, 2016 by CUNA Advocacy
In considering several tax proposals, the Committee did not bring up credit unions as a source for new revenue.
Posted May 17, 2016 by CUNA Advocacy
PACE loans are troublesome for credit unions in their role as lienholders, because these loans take first priority and must be paid before borrowers can refinance or sell their property.
Posted May 17, 2016 by CUNA Advocacy
Our letter stressed that the CFPB's recent proposed rule on arbitration is not appropriate for credit unions, and could block members' access to timely dispute resolution.
Posted May 17, 2016 by CUNA Advocacy
The hearing featured an in-depth discussion on the intricacies and mechanics of monetary policy implementation.
Posted May 13, 2016 by CUNA Advocacy
This removal of the personal guarantee requirement is the first part of the recent MBL changes to become effective.
Posted May 13, 2016 by CUNA Advocacy
League advocacy in two states in bearing fruit for expanding credit union powers.
Posted May 12, 2016 by CUNA Advocacy
Chairman Metsger's recent comments suggest a win on extended exam cycle might be closer than we thought.
Posted May 12, 2016 by CUNA Advocacy
This latest proposal would create exemptions for calls made to cell phones when collecting a debt owed to or guaranteed by the federal government.
Posted May 11, 2016 by Meghan M
This rule was issued jointly by all the banking/financial regulators and NCUA, but only applies to credit unions over $1 billion in assets.
Posted May 11, 2016 by CUNA Advocacy
We are pushing several pieces of legislation through both chambers that would expand credit union powers and reduce regulatory burden.
Posted May 11, 2016 by CUNA Advocacy
The proposed overtime rule could have significant costs for small and rural credit unions, so we are glad the Senate committee held a hearing on this issue.
Posted May 11, 2016 by CUNA Advocacy
This new legislation will permit credit unions to offer savings promotions programs, also known as prize-linked savings accounts.
Posted May 10, 2016 by CUNA Advocacy
We are concerned that the upcoming proposal may affect first-party creditors, including credit unions.
Posted May 10, 2016 by CUNA Advocacy
The new law includes protections for Iowa credit unions in their role as lienholders.
Posted May 10, 2016 by CUNA Advocacy
The coalition, which includes CUNA, supports this bill which would help ensure the security of consumers’ data regardless of the nature of the transaction.
Posted May 09, 2016 by CUNA Advocacy
We’re concerned about carve-outs for government debt collectors, and plan to urge the FCC to extend this same exemption to financial institutions.
Posted May 09, 2016 by CUNA Advocacy
In this final rule, FinCEN erred in its conclusion that the societal benefits of this rule exceed the compliance costs to financial institutions.
Posted May 06, 2016 by CUNA Advocacy
This League-supported measure permits members to merely name their beneficiaries in the credit union’s records.
Posted May 06, 2016 by CUNA Advocacy

This is another successful step in combating false claims of patent infringement from so-called “patent trolls.” 

Posted May 06, 2016 by CUNA Advocacy
If this latest measure becomes law, it will likely restrict the rights of business owners to keep guns out of the workplace.
Posted May 05, 2016 by CUNA Advocacy

We are concerned that this proposal does not take into account the member-centric business model of credit unions, and would remove opportunities for fast, cost-effective dispute resolution.

Posted May 05, 2016 by CUNA Advocacy
These letters expressed concerns that the Bureau has not adequately studied the arbitration issue before proposing its new regulation.
Posted May 05, 2016 by CUNA Advocacy
Our letter expressed to the Treasury commission that credit unions are natural partners in financial literacy efforts.
Posted May 03, 2016 by CUNA Advocacy
This final rule amends aspects of the program related to lender indemnification, refinancing, and qualified mortgage requirements.
Posted May 03, 2016 by CUNA Advocacy
This hearing will feature panelists from consumer groups, law firms, and the US Chamber.
Posted May 02, 2016 by CUNA Advocacy
The letter reiterated the importance of credit union small-dollar lending, and asked the CFPB for exemptions from its forthcoming regulation.