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 September 29, 2015 by CUNA Advocacy
CUNA filed a letter today with the US Treasury, in response to its request for information regarding online marketplace lending.
Posted September 29, 2015 by CUNA Advocacy
This week, several CUNA staff met with officials at the Federal Communications Commission (FCC) to discuss the agency's recent order under the Telecommunications Consumer Protection Act (TCPA).
Posted September 29, 2015 by CUNA Advocacy
The House Financial Services Committee plans to hold a full committee markup on Wednesday, September 30 at 10am EST.  The markup will focus on consumer protection and regulatory relief legislation.
Posted September 25, 2015 by CUNA Advocacy
This week CUNA sent an additional letter to the Department of Labor (DOL) about its four-day public hearing for the proposed regulation defining a “fiduciary” of an employee benefit plan, which adds brokers and advisers providing advice to Individual Retirement Accounts (IRA) to the definition.
Posted September 24, 2015 by CUNA Advocacy
Several CUNA representatives recently met with Larry Fazio, NCUA's Director of the Office of Examination and Supervision, and key NCUA staff, to discuss RBC, MBL and examinations.
Posted September 23, 2015 by Chandler Schuette
Earlier this week, CUNA sent a letter to House Financial Services Committee Chairman Jeb Hensarling (R-TX) and Ranking Member Maxine Waters (D-CA), asking the Committee to consider H.R. 2769, the Risk-Based Capital Study Act.
Posted September 23, 2015 by mcarew

Next week, the House Ways and Means subcommittee on oversight will hold a hearing on the recent proposal from the Department of Labor.

Posted September 23, 2015 by CUNA Advocacy
As the California Legislature concludes the 2015 session, the California Credit Union League reported a successful year.  Among the League accomplishments are the advancement of data security legislation and the defeat of a bankruptcy bill detrimental to credit unions.
Posted September 23, 2015 by CUNA Advocacy
The Cooperative Credit Union Association filed comments with the Massachusetts Legislature in support of a bill that would regulate the notice and processes for the storage and fees of abandoned motor vehicles.
Posted September 23, 2015 by CUNA Advocacy

CUNA was present at a Policy Roundtable on Tuesday to discuss a wide range of topics with CFPB Director Cordray.

Posted September 22, 2015 by Chandler Schuette
The Consumer Financial Protection Bureau's Credit Union Advisory Council will meet with Director Cordray next month to discuss consumer challenges in payments.
Posted September 22, 2015 by Chandler Schuette
NCUA has recently released a Legal Opinion Letter on loan participations and indirect lending.
Posted September 21, 2015 by CUNA Advocacy
CUNA was successful in convincing the CFPB to increase the threshold under its revised Qualified Mortgage (QM) regulations.
Posted September 21, 2015 by Chandler Schuette

On Friday, a dozen U.S. House Members wrote the National Credit Union Administration expressing concern over the agency's RBC2 proposal.

Posted September 18, 2015 by CUNA Advocacy
CUNA’s effort to improve NCUA’s field of membership (FOM) regulation bore its first fruit last week, when NCUA Chairman Matz announced the removal of a FOM approval process barrier. 
Posted September 18, 2015 by Chandler Schuette

Two hearings in the US House of Representatives yesterday focused on the growing regulatory burden faced by financial institutions since the Dodd-Frank Act was passed into law.

Posted September 17, 2015 by CUNA Advocacy
At today's board meeting, the NCUA issued a final IRPS and Final Rule on Regulatory Flexibility Act Asset Threshold, Aggregate Lending Limit for Corporate Credit Unions, and a Final Rule Implementing Statutory Inflation of Civil Money Penalties.
Posted September 17, 2015 by CUNA Advocacy
CUNA sent a letter to the Office of the Comptroller of the Currency, which is collecting comments on behalf of the Federal Financial Institutions Examination Council (FFIEC). The FFIEC is currently soliciting input on the reporting burden associated with its recently released Cybersecurity Assessment Tool.
Posted September 15, 2015 by mcarew
Yesterday, two CUNA representatives met with staff at the Consumer Financial Protection Bureau (CFPB).
Posted September 14, 2015 by CUNA Advocacy
Last Friday, CUNA and other trade associations wrote a letter urging two committees in Congress to hold hearings on the impact of the FCC's recent TCPA ruling.
Posted September 14, 2015 by CUNA Advocacy
The recent comment period on NCUA’s MBL proposal generated what some have said is a record number of comment letters to the agency
Posted September 11, 2015 by CUNA Advocacy

CUNA has filed an amicus brief in a California court case challenging merchant surcharges on credit card transactions.

Posted September 11, 2015 by Chandler Schuette
CUNA-backed legislation that would raise the current cap on credit union member business lending was introduced yesterday in the US Senate.
Posted September 10, 2015 by Chandler Schuette
CUNA has written a letter urging Congress to consider the impact that the U.S. Department of Labor’s (DOL) recent proposed rulemaking defining fiduciaries would have on credit unions’ ability to offer retirement savings products and services to their members.
Posted September 10, 2015 by CUNA Advocacy
Credit unions and other financial institutions are invited to register for a National Cybersecurity Symposium: Building Law Enforcement and Financial Services Sector Partnerships at 37 field locations across the country on Oct. 21 or 22
Posted September 09, 2015 by Chandler Schuette
With the start of the latest session of Congress, CUNA and other financial services trade associations wrote a letter to leadership of the US Senate expressing strong support for promptly enacting comprehensive, bipartisan financial regulatory relief.
Posted September 08, 2015 by CUNA Advocacy

Deadlines are generally effective motivators for action, and Congress faces a series of deadlines in the coming months.  Tucked away in the big picture, “must pass” items facing Congress is the potential for some credit priorities to be resolved.

Posted August 27, 2015 by CUNA Advocacy
Recently, the California Credit Union League helped defeat an attempt to give super-lien rights to unregulated lenders through Property Tax Assessed financing.
Posted September 02, 2015 by CUNA Advocacy
A group of attorneys provided an extensive analysis of the July 15 TCPA Order, specifically outlining how it will impact credit unions.
Posted September 01, 2015 by CUNA Advocacy
CUNA filed comments with the Department of Labor concerning a proposed rule which would raise the salary threshold for overtime eligibility.
Posted September 01, 2015 by CUNA Advocacy

The CUNA League partnership was alive and well today in Seattle as the National Conference of State Legislatures opened its exhibit hall for the first time at this year’s legislative summit.