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 30, 2016 by CUNA Advocacy
The letter to the Department of Defense cautions that credit unions need more time to fully comply with the complex new Military Lending Act rule.
Posted August 30, 2016 by mcarew
We are seeking comments on the CFPB's proposed changes to its TILA/RESPA Integrated Disclosure (TRID) mortgage rule.
Posted August 25, 2016 by CUNA Advocacy
While we appreciate the release of the compliance guidance document, it may not provide sufficient information in advance of the October 3 effective date.
Posted August 25, 2016 by Chandler Schuette
Members from both chambers strongly criticized the proposal and urged Director Cordray to amend or re-propose the rule.
Posted August 25, 2016 by CUNA Advocacy

CFPB releases a report on ways to use networks to fight elder financial exploitation and what credit unions can do to join the cause.

Posted August 24, 2016 by CUNA Advocacy
This bill includes 7 improvements to credit union's chartered in California, and was well received by lawmakers as it passed through the assembly.
Posted August 24, 2016 by CUNA Advocacy
These favorable changes affect credit union governance and towing lien issues.
Posted August 24, 2016 by CUNA Advocacy

The CFPB creates a page to help navigate the changes from the Know Before You Owe initiative.

Posted August 19, 2016 by CUNA Advocacy
We strongly believe that the recent arbitration proposal from CFPB is inappropriate for credit unions, since they are owned by their members and regularly use consumer-friendly means of dispute resolution.
Posted August 17, 2016 by Chandler Schuette
The CUAC is set to discuss debt collection and youth financial capability.
Posted August 11, 2016 by Chandler Schuette
In recent meetings, CFPB staff have indicated that the Bureau has no intention to and does not believe it has to use the exemption authority to tailor its regulations toward the abusers of consumers, despite the overwhelming message from Congress.
Posted August 10, 2016 by CUNA Advocacy
Several panels and committees have discussed and voted on issues affecting credit unions, including elder abuse and taxation.
Posted August 08, 2016 by CUNA Advocacy
Our representatives will be present to promote credit unions and ensure that anti-credit union legislation is not adopted by any of the NCSL committees.
Posted August 02, 2016 by CUNA Advocacy
This week, the FHFA accepted our concerns regarding language preference on the Uniform Residential Loan Application (URLA)
Posted August 01, 2016 by CUNA Advocacy
In response to NCUA's Exam Flexibility Initiative, our letter provided several suggestions for improving the supervision process.
Posted August 01, 2016 by CUNA Advocacy
This latest change is the result of the FAST Act passed by Congress last year, and further reduces the unnecessary regulatory burdens relating to providing annual privacy notices.
Posted August 01, 2016 by CUNA Advocacy
Although the Bureau was initially hesitant to make changes to the recent TRID rule, we are happy that our requests have led to the release of these proposed fixes.
Posted August 01, 2016 by CUNA Advocacy
This ALEC meeting, and next weeks' NCSL meeting, present great opportunities for us to share the credit union difference with state legislators and fend off attacks on the tax status.
Posted August 01, 2016 by mcarew
While these recent proposals do not include credit unions or first-party collectors, we remain concerned about the Bureau's continued prescriptive approach to rulemaking.