Removing Barriers Blog

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Clear results
Keeping member credit unions and leagues current on what and why we are doing for advocacy efforts including legislative, regulatory and state governmental affairs.
White House Issues Government-wide Regulatory Freeze
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.
Regulatory, Credit Union Powers, Examination and Supervision, Consumer Protection, Housing, Payments
CFPB Announces 2017 HMDA Thresholds (No Change)
Posted January 09, 2017 by Chandler Schuette

Exemption threshold for HMDA will remain at $44 million

Regulatory, Housing
CUNA Suggests Improvements to Private Flood Insurance Proposal
Posted January 04, 2017 by CUNA Advocacy

CUNA filed a letter with NCUA on an interagency proposal to amend regulations regarding loans in areas having special flood hazards to implement the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012.

Housing
2016 Advocacy Accomplishments Position Credit Unions to Take Advantage of Opportunities in 2017
Posted December 12, 2016 by Ryan Donovan
A look at our advocacy accomplishments for 2016 and the opportunities that exist in 2017.
Legislative, Regulatory, State Government Affairs, Credit Union Powers, Examination and Supervision, Consumer Protection, Housing, Payments, Tax and Budget Policy
2016 End of Year Review
Posted December 12, 2016 by CUNA Advocacy

Here are some highlights from the past year. 

Legislative, Regulatory, State Government Affairs, Credit Union Powers, Examination and Supervision, Consumer Protection, Housing, Payments, Tax and Budget Policy, World Affairs
Privately-Insured Credit Unions Allowed Membership to the FHLB under Proposed Rule
Posted November 28, 2016 by CUNA Advocacy

CUNA filed its comment letter supporting the proposed rule implementing changes to the current FHLB rule. 

Regulatory, Housing
CFPB Issues Notice on URLA and HMDA
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. 

Regulatory, Consumer Protection, Housing
Comment Call for Proposed Amendments to TRID 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.
Regulatory, Consumer Protection, Housing
CFPB Launches New Webpage for Settlement Professionals
Posted August 24, 2016 by CUNA Advocacy

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

Regulatory, Housing
FHFA Responds to Our Advocacy on URLA Language Preference
Posted August 02, 2016 by CUNA Advocacy
This week, the FHFA accepted our concerns regarding language preference on the Uniform Residential Loan Application (URLA)
Regulatory, Consumer Protection, Housing
CFPB Proposes Fixes to TRID Rule
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.
Regulatory, Consumer Protection, Housing
CFPB's 5th Anniversary Provides Another Opportunity to Highlight Reg Burden
Posted July 21, 2016 by CUNA Advocacy
Our letter to Director Cordray included many suggestions on how the Bureau could tailor its regulations away from credit unions and towards the actual abusers of consumers.
Regulatory, Consumer Protection, Housing
CUNA Weighs In on Hensarling Regulatory Relief Proposal
Posted July 17, 2016 by CUNA Advocacy
CUNA's views on the Financial CHOICE Act.
Legislative, Regulatory, Credit Union Powers, Examination and Supervision, Consumer Protection, Housing, Payments
Regulatory Relief Moving through the Appropriations Process
Posted July 14, 2016 by CUNA Advocacy
One of the ways to move legislation through Congress is on appropriations bills, two of which currently contain regulatory relief language favorable to credit unions.
Legislative, Regulatory, Credit Union Powers, Consumer Protection, Housing
House Members and CUNA Urge Changes to FHFA Proposal on Adding Language Preference Question to URLA
Posted July 13, 2016 by CUNA Advocacy
The letter raised concerns about possible ECOA and UDAAP issues arising from FHFA's recent proposal.
Legislative, Regulatory, Consumer Protection, Housing
Hensarling Reform Package Includes Many CUNA-Supported Provisions
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.
Legislative, Regulatory, Examination and Supervision, Consumer Protection, Housing
PACE Loans Remain A Troublesome Issue for Credit Unions
Posted June 17, 2016 by CUNA Advocacy
As several states expand these clean energy loan programs, credit unions and other lenders find themselves facing lien issues.
State Government Affairs, Housing
CUNA Advocacy Urges CFPB to Modify TRID/KBYO rule
Posted June 14, 2016 by Chandler Schuette

The Bureau re-affirmed its commitment to publishing proposed fixes to the large and cumbersome TRID rule by late July. 

Regulatory, Consumer Protection, Housing
CFPB to Provide Briefing for Credit Unions on FAST/HELP Act Implementation (Reg Z)
Posted May 24, 2016 by CUNA Advocacy
Two CFPB staff who helped draft the expansion of the rural designation will answer questions during this half-hour briefing.
Regulatory, Consumer Protection, Housing
USDA Tweaks Single Family Housing Guaranteed Loan Program
Posted May 03, 2016 by CUNA Advocacy
This final rule amends aspects of the program related to lender indemnification, refinancing, and qualified mortgage requirements.
Regulatory, Consumer Protection, Housing
CUNA Thanks Representative Sherman for Co-Sponsoring G-Fees Bill
Posted April 29, 2016 by Chandler Schuette
This bill would prohibit the use of guarantee fees to offset unrelated federal spending.
Legislative, Regulatory, Housing, Tax and Budget Policy
CFPB to Reopen TRID/KBYO rules in response to CUNA Advocacy
Posted April 28, 2016 by CUNA Advocacy
Director Cordray acknowledged the difficulties with the recent TRID rule, and announced that the CFPB will begin the process of amending it.
Regulatory, Consumer Protection, Housing
Credit Unions represented at FHFA “Duty to Serve” rulemaking hearing
Posted April 26, 2016 by CUNA Advocacy
We stressed that credit unions should have equal access to partner with the FHFA and the government-sponsored enterprises (GSE) as they craft regulations and pilot programs.
Regulatory, Housing
CFPB Applauded for Adopting CUNA-Advocated Threshold for Rural/Underserved Areas
Posted April 22, 2016 by CUNA Advocacy
Our letter thanked the Bureau for properly implementing Congress’s intention to expand the pool of small creditors that will be eligible for exemptions from new mortgage rules.
Regulatory, Consumer Protection, Housing
CUNA Writes Letter in Support of Hultgren HMDA Bill (HR 4993)
Posted April 21, 2016 by CUNA Advocacy
This legislation would delay the implementation of the CFPB's HMDA rule until the GAO has studied the impact of these increased data points, and ensured that consumer data remains secure.
Legislative, Regulatory, Consumer Protection, Housing
CUNA and Joint Trades File Amicus Brief on Fair Housing case
Posted April 04, 2016 by CUNA Advocacy
This jointly filed brief urges the Supreme Court to overturn the appellate court's ruling in City of Miami v. Bank of America, which would vastly widen the potential for lawsuits under the Fair Housing Act.
Consumer Protection, Housing
CUNA's 360° Advocacy Scores Victory on Reg Z Small Creditor Exemption
Posted March 23, 2016 by CUNA Advocacy
This latest piece of regulatory relief from CFPB was achieved in no small part due to our comprehensive legislative and regulatory advocacy.
Legislative, Regulatory, Consumer Protection, Housing
Comment Letter to FHFA on Enterprise Duty to Serve proposed rule
Posted March 17, 2016 by CUNA Advocacy
Our letter express our view that FHFA's oversight role of Fannie/Freddie is to enable and maximize the purchasing and guaranteeing of private market loans.
Regulatory, Consumer Protection, Housing
CFPB Finalizes Application Process for Rural Designation
Posted March 03, 2016 by Chandler Schuette
This rulemaking was required under the transportation bill signed into law last December, and clarifies the process for rural institutions to attain regulatory relief.
Regulatory, Consumer Protection, Housing

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