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 August 31, 2015 by CUNA Advocacy
Financial Institutions Subcommittee Chairman Randy Neugebauer will sponsor a bipartisan staff briefing to explore how patent trolls impact financial institutions.  Over the last several years, patent trolls have significantly increased the legal costs of financial institutions. This briefing will explore how patent reform may help alleviate this burden.
Posted August 28, 2015 by CUNA Advocacy
Yesterday, the North Carolina Legislature passed a measure that regulates transportation network companies (TNCs).
Posted August 28, 2015 by CUNA Advocacy
Next Tuesday, CUNA will host a webinar explaining the recent FCC ruling on the Telephone Consumer Protection Act (TCPA), and how it impacts credit unions.
Posted August 25, 2015 by Chandler Schuette
On June 18, 2015, the NCUA Board issued a proposed member business loans (MBL) rule designed to give credit unions greater flexibility and autonomy in offering commercial loans.  After thorough analysis and consultation with its members, CUNA today filed a comment letter with NCUA that supports the general direction of the rule, but stresses that there is still room for improvement.
Posted August 21, 2015 by CUNA Advocacy
CUNA is concerned with an effort to get Members of Congress to sign a letter to the CFPB urging the Bureau to expedite rulemaking related to Section 1071 of the Dodd-Frank Act, which directs the CFPB to compel financial institutions to collect and report additional data from small business borrowers
Posted August 21, 2015 by CUNA Advocacy

CUNA staff hosted a free webinar yesterday discussing NCUA’s proposed Member Business Lending (MBL) rule.  

Posted August 19, 2015 by CUNA Advocacy
The fact that credit unions have concerns with the conduct and fairness of their exams surprises no one.  It’s time for NCUA to adjust the examination cycle, which is why we have encouraged them to do so, and we have asked Congress to help.
Posted August 14, 2015 by jbrunson

CUNA continues to encourage credit unions to file comments and encourage members of Congress to file comments on the NCUA’s member business lending proposed rule.  

Posted August 13, 2015 by Chandler Schuette

This week the Department of Labor held a public hearing for four consecutive days concerning its proposed regulation defining who is a “fiduciary” of an employee benefit plan under ERISA.

Posted August 07, 2015 by CUNA Advocacy

The Department of Defense (DoD) recently amended its regulation that implements the Military Lending Act (MLA).

Posted August 05, 2015 by CUNA Advocacy
CUNA Advocacy attended a CFPB forum today on the "eClosing" pilot project on electronic mortgage closings.
Posted August 05, 2015 by CUNA Advocacy
CUNA President and CEO Jim Nussle sent a letter in support of S. 1963, the “Bureau of Consumer Financial Protection Advisory Board Enhancement Act.”  The bill introduced by Senators Mike Rounds (R-SD) and Angus King (I-ME) would codify the Credit Union Advisory Council at the Consumer Financial Protection Bureau.
Posted August 05, 2015 by CUNA Advocacy

On August 5, 2015, CUNA sent a letter opposing a possible amendment to the Cybersecurity Information Sharing Act (CISA) that would grant NCUA direct oversight authority over third party vendors.

Posted August 05, 2015 by CUNA Advocacy
On August 4th, CUNA signed a letter to support the passage of S. 754, the Cybersecurity Information Sharing Act (CISA). The CISA bill will increase the country’s ability to defend against cyber-attacks by encouraging businesses and Government to share cyber-threat information more quickly and efficiently between the private sector and government.
Posted August 05, 2015 by CUNA Advocacy
CUNA recently filed an amicus brief in the U.S. Court of Appeals for the Fifth Circuit, in a case raising many of the policy issues surrounding credit card interchange fees.
Posted August 04, 2015 by CUNA Advocacy
On July 10 the Federal Communications Commission released an Order concerning the Telephone Consumer Protection Act (TCPA) that immediately went into effect. CUNA sent a letter to the National Credit Union Administration (NCUA) this week expressing concerns about how this Order will impact the ability of credit unions to communicate with their members.
Posted August 03, 2015 by CUNA Advocacy

NCUA has a policy of reviewing regulations to determine whether they should be updated, clarified, simplified or eliminated. This year CUNA has requested the NCUA to review several areas of concern to credit unions