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 June 27, 2016 by CUNA Advocacy
We have released our summary of the proposed rule, and sent out two letters to regulators highlighting its problems.
Posted June 27, 2016 by CUNA Advocacy
Over the last few months, a number of really positive things have happened as a result of years of advocacy work on the part of CUNA, the Leagues and credit unions.  We all should celebrate these victories!
Posted June 24, 2016 by CUNA Advocacy

We sent NCUA a letter asking the agency to prioritize assisting credit unions as they seek to comply with this new accounting standard.

Posted June 24, 2016 by CUNA Advocacy
We are in the process of analyzing how these proposals could effect the credit union tax status.
Posted June 24, 2016 by CUNA Advocacy
The Financial Services Committee Chairman has now made public the details of his Dodd-Frank reform plan.
Posted June 24, 2016 by CUNA Advocacy
We have long advocated for NCUA to make these changes, which would add additional flexibility for FCUs to own and use fixed assets.
Posted June 24, 2016 by CUNA Advocacy
These bills expand notification requirements for TNC's to their drivers.
Posted June 23, 2016 by CUNA Advocacy
Thanks to our pressure and input, the DoD finally announced that it will provide guidance for compliance with the new Military Lending Act (MLA) rule.
Posted June 23, 2016 by CUNA Advocacy

Several small business and HR representatives testified that this new, complex rule sets an overly broad standard for the entire country and is difficult to comply with. 

Posted June 23, 2016 by CUNA Advocacy
We are a member of this coalition of depository institutions and card issuers, which has been strategizing and lobbying hard to repeal Durbin.
Posted June 21, 2016 by CUNA Advocacy
The bill would take steps to ease depository institutions into serving marijuana businesses.
Posted June 20, 2016 by CUNA Advocacy
In our advocacy efforts on this rulemaking, we noted that the previous deadline was not ideal for maximizing input from credit union staff.
Posted June 20, 2016 by CUNA Advocacy
The package includes many separate bills that we have supported in the past, and focuses mostly on reducing regulatory burden.
Posted June 18, 2016 by CUNA Advocacy
The Senate version of this appropriations bill contains some funding disparities with the House version.
Posted June 18, 2016 by CUNA Advocacy
This extensive report evaluated the recent CFPB proposed rule and the various ways small-dollar lenders have avoided state and federal regulation in the past.
Posted June 17, 2016 by CUNA Advocacy
This reform package is similar to the one recently released by Chairman Hensarling, and specifically focuses on financial services issues.
Posted June 17, 2016 by CUNA Advocacy
Although there is not yet a Senate version of this bill, President Obama is likely to veto any attempt to block the new rule in any case.
Posted June 17, 2016 by CUNA Advocacy
This joint statement from the federal prudential regulators includes encouraging notes on the scalability of this new standard to smaller institutions.
Posted June 17, 2016 by CUNA Advocacy
As several states expand these clean energy loan programs, credit unions and other lenders find themselves facing lien issues.
Posted June 16, 2016 by CUNA Advocacy
The House version of this bill would provide legal immunity and training for financial services employees to report elder financial abuse.
Posted June 16, 2016 by CUNA Advocacy
While this is far from a perfect standard, we are glad that FASB did incorporate some of the improvements we advocated for.
Posted June 16, 2016 by CUNA Advocacy
At this Board meeting, NCUA staff noted that most of the other FFIEC regulatory agencies have added an “S” to account for sensitivity to interest rates.
Posted June 15, 2016 by CUNA Advocacy

This is yet another significant change in NCUA policy under the new leadership of Chairman Rick Metsger.

Posted June 15, 2016 by CUNA Advocacy
We sent a letter to Rep. Randy Neugebauer in strong support of his new bill, H.R. 5465, which would repeal the misguided Durbin Amendment and its implementing regulations.
Posted June 14, 2016 by CUNA Advocacy

The Bureau re-affirmed its commitment to publishing proposed fixes to the large and cumbersome TRID rule by late July. 

Posted June 13, 2016 by CUNA Advocacy

Thanks to CUNA's Advocacy efforts, recent legislative and regulatory developments indicate that an extended exam cycle is well on its way to becoming reality. 

Posted June 10, 2016 by CUNA Advocacy
While we support the intent of the proposed Playbook, we ask the CFPB to continue to look for ways in which to improve and simplify consumer disclosures.
Posted June 10, 2016 by CUNA Advocacy
The legislation is comprised of six bills and amends the Michigan Credit Union Act in a dozen ways.
Posted June 10, 2016 by CUNA Advocacy
The hearing focused on the increasing regulatory burden on small and rural financial institutions.
Posted June 10, 2016 by CUNA Advocacy
The Education and Workforce Committee hearing focused on the administrative headaches and costs resulting from the DOL's recently finalized Overtime Rule.
Posted June 09, 2016 by CUNA Advocacy
This government funding bill also contains many regulatory relief provisions that we have supported, including CFPB reform.
Posted June 09, 2016 by CUNA Advocacy
The CFPB recently updated its eRegulations platform, which now includes Regulations C, X, and DD.
Posted June 09, 2016 by CUNA Advocacy
Despite this expected veto, the Department of Labor's Fiduciary Rule is being challenged in several courts.
Posted June 08, 2016 by CUNA Advocacy
This appropriations bill includes several important regulatory relief provisions, including CFPB reforms.
Posted June 08, 2016 by CUNA Advocacy
While the Durbin Amendment has proven to be a boon to retailers, it has become yet another burden on small financial institutions.
Posted June 07, 2016 by CUNA Advocacy
State and federally chartered credit unions in Missouri now fall under the same account verification requirements.
Posted June 07, 2016 by CUNA Advocacy
This package includes several regulatory relief provisions that we have previously supported, including CFPB reforms.
Posted June 06, 2016 by CUNA Advocacy
These two states join 17 others that now allow these account incentives.
Posted June 06, 2016 by CUNA Advocacy
This reform package could feature up to two-dozen regulatory relief bills for community financial institutions.
Posted June 03, 2016 by DW CMS

The CFPB rule is intended to "coexist" with state laws, but would preempt state law in cases of inconsistency.

Posted June 03, 2016 by DW CMS
Unfortunately, the FCC's narrow reading of the Budget Act led to proposed TCPA exemptions which are virtually meaningless.
Posted June 02, 2016 by CUNA Advocacy
The webinar is intended to assist credit unions as they prepare to comply with the recent expansion of the Military Lending Act (MLA).
Posted June 02, 2016 by CUNA Advocacy
Although we are still analyzing this massive 1300-page rule, so far it has a mixed impact on credit unions.
Posted June 01, 2016 by CUNA Advocacy
We expect this hearing will coincide with the release of the CFPB's much anticipated small-dollar/payday lending proposed rule.