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Keeping member credit unions and leagues current on what and why we are doing for advocacy efforts including legislative, regulatory and state governmental affairs.
CFPB Releases Updated Exam Procedures for MLA
Posted September 30, 2016 by CUNA Advocacy

Updates to MLA Interagency Examination Procedures - 2015 Amendments is released today

Regulatory
Letters in Support of Overtime Rule Delay and Consumer Credit Hearing
Posted September 30, 2016 by Chandler Schuette
The last week of Congressional activity before the election featured two significant events relating to credit union priorities.
Legislative, Regulatory, Consumer Protection
CUNA Notes Concerns with CFPB’s Proposed Company Response Survey
Posted September 29, 2016 by CUNA Advocacy
Our concerns with the accuracy and privacy of the CFPB consumer complaint database extend to this latest proposal.
Regulatory, Consumer Protection
PACE and Financial Literacy Bills Signed in California
Posted September 29, 2016 by CUNA Advocacy
These clean energy loans will now come with expanded consumer protections.
State Government Affairs
Temporary Government Funding Bill Passes, Delaying Regulatory Relief Fight
Posted September 29, 2016 by CUNA Advocacy
While the stopgap measure did not include any of the provisions we secured in various appropriations bills, we hope that these provisions will be included in whatever legislative package eventually funds the government for all of FY2017.
Legislative, Regulatory, Tax and Budget Policy
Washington State CU Regulator Issues New Bulletins
Posted September 27, 2016 by CUNA Advocacy
These two new bulletins touch on member business lending and examination of electronic payment systems.
State Government Affairs
We Support House Committee Hearing on Credit Scores and Access to Credit
Posted September 27, 2016 by CUNA Advocacy
Our letter sent in advance of the hearing, thanked the committee for considering legislation to give NCUA clear authority to provide deposit insurance for prepaid and payroll cards.
Legislative, Regulatory, Credit Union Powers, Consumer Protection
States Delve into Hot Topics Ahead of 2017
Posted September 23, 2016 by CUNA Advocacy

An Alabama task force is considering ways to improve the state's consumer protection laws, and the Georgia legislature is working to expand and strengthen data-security.

State Government Affairs
Same-Day ACH Effective Today
Posted September 23, 2016 by Chandler Schuette

NACHA and the Federal Reserve require RDFIs be capable of receiving same-day ACH payments.

Regulatory
House Committee Holds Second Hearing on Modernizing TCPA
Posted September 22, 2016 by Chandler Schuette
We've used this hearing, and several others, as opportunities to express our many concerns with the outdated TCPA, and the troublesome FCC Order from last year.
Legislative, Regulatory, Consumer Protection
There’s Still Time to Weigh in with the CFPB on its Small Dollar Loan Proposal
Posted September 21, 2016 by CUNA Advocacy
The CFPB has told us that they want to hear directly from credit unions, so we have activated our Grassroots Action Center to make commenting as easy as possible.
Regulatory, Consumer Protection
House Energy, Commerce Subcommittee to Hold TCPA Hearing Tomorrow
Posted September 21, 2016 by Chandler Schuette

This will be the third congressional hearing on the FCC's TCPA order this year, and we once again sent a letter in support of the committee's oversight. 

Legislative, Regulatory
CUNA Seeks Clarification from NCUA on MLA Rule
Posted September 16, 2016 by CUNA Advocacy
We have been asking both NCUA and the Department of Defense to issue some much-needed clarifications for the MLA rule before it becomes effective.
Regulatory, Consumer Protection
Summary of September 15 NCUA Board Meeting
Posted September 16, 2016 by CUNA Advocacy
The board briefing focused on the new Cyber Assessment Tool that will be deployed in exams starting late next year.
Regulatory, Examination and Supervision
FOM Parity Granted in South Carolina
Posted September 16, 2016 by CUNA Advocacy
The new changes include a clear definition of what constitutes a household for purposes of credit union membership eligibility.
State Government Affairs
California Credit Union Act Modernization Signed into Law
Posted September 15, 2016 by CUNA Advocacy
The California League worked extensively to pass this bill, which includes 7 provisions to modernize the California Credit Union Act.
State Government Affairs, Credit Union Powers
Two Regulatory Relief Sections of CHOICE Act introduced in the Senate
Posted September 15, 2016 by CUNA Advocacy
In two separate letters, we thanked Senator Mike Rounds (R-SD) for introducing both of these bills, which are Senate companions of the House versions.
Legislative, Regulatory, Examination and Supervision, Consumer Protection
New York League Examining State Cybersecurity Proposal
Posted September 14, 2016 by CUNA Advocacy
This proposal, which would be the first of its kind in the nation, could require credit unions to have written policies on security procedures
State Government Affairs
House Committee Passes Financial CHOICE Act in Markup
Posted September 13, 2016 by CUNA Advocacy
While the bill made it through the committee on mostly partisan lines, its not likely to get a full floor vote during this Congress.
Legislative, Regulatory, Credit Union Powers, Consumer Protection
In Anticipation of Today's Markup, Our Letter Supports Several Provisions of the Financial CHOICE Act
Posted September 13, 2016 by Chandler Schuette
The over 500-page Dodd-Frank reform bill is set to be considered by the House Financial Services Committee today.
Legislative, Regulatory, Consumer Protection
Credit Union Hike-the-Hills Provide Opportunities to Voice Concerns on CFPB Small Dollar Rule
Posted September 12, 2016 by CUNA Advocacy
This month, credit union representatives from many different states are traveling to Washington to have their voices heard, particularly on the proposed small-dollar loan rule from CFPB.
Legislative, Regulatory, Consumer Protection
CFPB Recognized Credit Unions Who Empower Youth with Financial Literacy
Posted September 12, 2016 by CUNA Advocacy

CFPB highlighted credit unions' work on financial literacy for youth, and released a report entitled " Teaching Financial Fundamentals."

Regulatory, Consumer Protection
Community Bankers Sue NCUA over New MBL Rule
Posted September 09, 2016 by Chandler Schuette
We are confident that the NCUA's Member Business Lending (MBL) rule falls fully within the scope of the Federal Credit Union Act, and will withstand this meritless legal challenge.
Regulatory, Credit Union Powers
We Are Grateful That CFPB's SBREFA Proposals Recognize the Differences Between 1st and 3rd Party Debt Collectors
Posted September 09, 2016 by CUNA Advocacy
It appears the Bureau is working separately with first and third party creditors as it writes new debt collection regulations.
Regulatory, Consumer Protection
House Financial Services Committee to Begin Consideration of CHOICE Act
Posted September 09, 2016 by CUNA Advocacy
The House Financial Services Committee next week will begin debate on the chairman's Dodd-Frank reform package, which includes several regulatory relief provisions important to credit unions.
Legislative, Regulatory, Consumer Protection
Credit Union Advisory Council Meets in DC
Posted September 02, 2016 by CUNA Advocacy
CUAC had their meeting and discussed a variety of issues the credit union industry currently faces.
Regulatory
California League Defeats Bankruptcy Expansion
Posted September 01, 2016 by CUNA Advocacy
The bill had proposed to vastly increase the amounts debtors could shield from creditors through bankruptcy proceedings.

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