Removing Barriers Blog

  • Consumer Protection 

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 February 05, 2017 by Ryan Donovan
President Donald Trump signed an executive order focused on the financial system that calls for “efficient, effective and appropriately tailored” regulations. This is a key objective of Credit Union National Association’s Campaign for Common Sense Regulation.
Posted February 02, 2017 by ManojBhoi

The 158-page compliance guide is intended to help financial institutions understand how the rule applies to their operations.

Posted February 02, 2017 by ManojBhoi

The 158-page compliance guide is intended to help financial institutions understand how the rule applies to their operations.

Posted January 29, 2017 by Chandler Schuette

On Friday, PHH filed its response to the CFPB’s request for a rehearing en banc in the landmark lawsuit in which the U.S. Court of Appeal for the D.C. Circuit found that the construct of the CFPB violates the constitution and that the Director of it can be removed “at-will”. PHH argued that the court should deny the petition for rehearing en banc.

Posted January 29, 2017 by Chandler Schuette

On Friday, PHH filed its response to the CFPB’s request for a rehearing en banc in the landmark lawsuit in which the U.S. Court of Appeal for the D.C. Circuit found that the construct of the CFPB violates the constitution and that the Director of it can be removed “at-will”. PHH argued that the court should deny the petition for rehearing en banc.

Posted January 22, 2017 by ManojBhoi
It was widely reported on Friday that President Trump plans to tap Federal Communications Commission (FCC) Commissioner Ajit Pai to lead the agency in the new Administration.
Posted January 22, 2017 by ManojBhoi
It was widely reported on Friday that President Trump plans to tap Federal Communications Commission (FCC) Commissioner Ajit Pai to lead the agency in the new Administration.
Posted January 22, 2017 by CUNA Advocacy
On the night of the Inauguration the Trump Administration issued a regulatory freeze in a memo from Chief of Staff Reince Priebus to the heads of Executive departments and agencies.
Posted January 05, 2017 by CUNA Advocacy

Prior to consideration in the House of Representatives, CUNA sent a letter to Members of the House urging them to vote for the bill. 

Posted January 03, 2017 by Ryan Donovan

As we have discussed over the last several months, we see a lot of opportunity to advance regulatory reform legislation that improves the operating environment for credit unions to serve their members. 

Posted January 03, 2017 by CUNA Advocacy

The Consumer Financial Protection Bureau’s Office for Older Americans has created a guide called Managing Someone Else’s Money specific to financial caregivers in Illinois.  It is hosting a webinar on January 12 to provide information about it.

Posted December 13, 2016 by CUNA Advocacy

Here's a list of a few issues that may be of interest.

Posted December 12, 2016 by CUNA Advocacy

We sent a letter to the Department of Defense urging them to answer some of our questions. 

Posted December 12, 2016 by CUNA Advocacy

CUNA expressed our ongoing concerns with a proposed Consumer Response Company Response Survey.

Posted December 12, 2016 by Ryan Donovan
A look at our advocacy accomplishments for 2016 and the opportunities that exist in 2017.
Posted December 12, 2016 by CUNA Advocacy

Here are some highlights from the past year. 

Posted December 02, 2016 by CUNA Advocacy

This week, the Consumer Federation of America held its annual Financial Services Conference and credit union advocates were on hand to explain the credit union difference.

Posted October 13, 2016 by CUNA Advocacy

CFPB approves FHFA as a conservator for the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association. 

Posted October 11, 2016 by CUNA Advocacy
For the last two years or so, we in the CUNA/League system have been talking a lot about “360 Degree Advocacy,” this notion that if public policy issues facing credit unions are addressed from all angles, and resources are brought to bear strategically and deliberately, the likelihood of a successful outcome is increased significantly.  Last week, we saw what 360 Degree Advocacy can do on two key issues – CFPB’s small dollar loan Proposal and NCUA’s supervisory improvement process.
Posted September 30, 2016 by CUNA Advocacy
The last week of Congressional activity before the election featured two significant events relating to credit union priorities.
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.
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.
Posted September 22, 2016 by CUNA Advocacy
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.
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.
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.
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.
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.
Posted September 13, 2016 by CUNA Advocacy
The over 500-page Dodd-Frank reform bill is set to be considered by the House Financial Services Committee today.
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.
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."

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.
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.
Posted August 30, 2016 by CUNA Advocacy
We are seeking comments on the CFPB's proposed changes to its TILA/RESPA Integrated Discolsure (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 CUNA Advocacy
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 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 11, 2016 by CUNA Advocacy
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 02, 2016 by CUNA Advocacy
This week, the FHFA accepted our concerns regarding language preference on the Uniform Residential Loan Application (URLA)