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
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 13, 2017
by
CUNA Advocacy
Cybersecurity Assessment and Bank Secrecy listed among other priorities to assist credit unions prepare for their next exam.
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
December 13, 2016
by
CUNA Advocacy
Here's a list of a few issues that may be of interest.
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
November 04, 2016
by
Ryan Donovan
A great deal of new information has emerged recently concerning the NCUA’s program to deal with the cost of the conservatorships of five corporate credit unions during the financial crisis of the past decade.
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
October 06, 2016
by
Chandler Schuette
NCUA Exam Flexibility Initiative Report available after CUNA advocacy.
Posted
October 05, 2016
by
CUNA Advocacy
NCUA to offer examination flexibility when implementing changes to the DoD Military Lending Act regulation.
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.
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
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
July 27, 2016
by
CUNA Advocacy
NCUA's Exam Flexibility Initiative is still taking comments on ways to improve their process.
Posted
July 21, 2016
by
CUNA Advocacy
The Board received a Report of the National Credit Union Share Insurance Fund (Quarterly Report), adopted NCUA’s 2017-2021 Strategic Plan, and received a briefing on NCUA’s 2016 Mid-Session Budget.
Posted
July 17, 2016
by
mcarew
This week, Representatives Mick Mulvaney (R SC) and Denny Heck (D WA) introduced a bill to provide increased transparency with the respect to the overhead transfer rate.
Posted
July 17, 2016
by
CUNA Advocacy
CUNA's views on the Financial CHOICE Act.
Posted
July 14, 2016
by
Chandler Schuette
Our President/CEO Jim Nussle testified before the House Financial Services Committee, and answered several questions from Members of Congress about how regulatory burden is impacting the credit union industry.
Posted
June 27, 2016
by
CUNA Advocacy
Over the last few months, a number of really positive things have happened as a result of years of advocacy work on the part of CUNA, the Leagues and credit unions. We all should celebrate these victories!
Posted
June 24, 2016
by
mcarew
We sent NCUA a letter asking the agency to prioritize assisting credit unions as they seek to comply with this new accounting standard.
Posted
June 20, 2016
by
CUNA Advocacy
In our advocacy efforts on this rulemaking, we noted that the previous deadline was not ideal for maximizing input from credit union staff.
Posted
June 20, 2016
by
CUNA Advocacy
The package includes many separate bills that we have supported in the past, and focuses mostly on reducing regulatory burden.
Posted
June 17, 2016
by
CUNA Advocacy
This joint statement from the federal prudential regulators includes encouraging notes on the scalability of this new standard to smaller institutions.
Posted
June 16, 2016
by
CUNA Advocacy
While this is far from a perfect standard, we are glad that FASB did incorporate some of the improvements we advocated for.
Posted
June 16, 2016
by
CUNA Advocacy
At this Board meeting, NCUA staff noted that most of the other FFIEC regulatory agencies have added an “S” to account for sensitivity to interest rates.
Posted
June 13, 2016
by
CUNA Advocacy
Thanks to CUNA's Advocacy efforts, recent legislative and regulatory developments indicate that an extended exam cycle is well on its way to becoming reality.
Posted
June 07, 2016
by
CUNA Advocacy
State and federally chartered credit unions in Missouri now fall under the same account verification requirements.
Posted
May 27, 2016
by
CUNA Advocacy
NCUA Chairman Rick Metsger prioritized several projects that will have a large impact on credit unions and how they interact with the NCUA.
Posted
May 26, 2016
by
CUNA Advocacy
Several recent changes clearly demonstrate that the NCUA under Chairman Metsger is serious about improving call report and supervision processes.
Posted
May 19, 2016
by
CUNA Advocacy
Board members and Larry Fazio discussed call report modernization and extending exam cycles.
Posted
May 18, 2016
by
mcarew
Credit union representatives discussed FASB's recent credit-impairment standard, and emphasized that standards for big banks are often inappropriate when applied to credit unions.
Posted
May 12, 2016
by
CUNA Advocacy
Chairman Metsger's recent comments suggest a win on extended exam cycle might be closer than we thought.
Posted
April 27, 2016
by
Chandler Schuette
The Board finalized several CUNA-supported improvements, and decided to push back the implementation date until December 2020.
Posted
April 26, 2016
by
CUNA Advocacy
Our letter commended the NCUA for opening up the OTR and the Operating Fee Schedule for public comments, but criticized some aspects of the proposed methodologies.
Posted
April 21, 2016
by
CUNA Advocacy
The FASB Board will meet to discuss the costs and benefits of the standard as well as its effective date.
Posted
April 04, 2016
by
CUNA Advocacy
Our letter included suggestions for how NCUA could modernize its examination process to minimize burdens on both NCUA and credit union staff.
Posted
April 04, 2016
by
CUNA Advocacy
Since last month's advocacy efforts, FASB has made positive changes to its proposed accounting standard.
Posted
March 30, 2016
by
CUNA Advocacy
We are glad that GAO is highlighting the excessive complexity and burden of the US regulatory structure, but we are concerned some of its proposals will create more problems for credit unions.
Posted
March 01, 2016
by
CUNA Advocacy
Our letter urged Congress to support the bill, and re-iterated the ever-growing compliance burdens facing credit unions since Dodd-Frank.