Removing Barriers Blog


  • Legislative 

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
A look at the week ahead on Capitol Hill
Posted January 29, 2017 by Ryan Donovan
This week, the House will vote on a number of noncontroversial national security bills as well as begin a process of voting to repeal certain federal regulations.  The Senate will continue votes to confirm more of President Trump’s cabinet nominations.
Posted January 24, 2017 by CUNA Advocacy

HUD and SBA hearings among those observed.

Posted January 16, 2017 by Ryan Donovan
Almost all of the attention this week will focus on the inauguration ceremonies which will take place on Friday, and the peaceful transfer of power from one administration to the next.
Posted January 13, 2017 by CUNA Advocacy

CUNA continues to oppose the CHOICE provision that would expand the charter for savings and loan associations in absence of similar legislation expanding credit unions’ charter to be more flexible on member business lending and not subject to the 12.25 percent cap.

Posted January 08, 2017 by CUNA Advocacy

Credit union advocates wasted no time last week making sure our 2017 agenda was front and center in Congress, and the momentum we are generating is crucial in a year that presents incredible opportunity and challenges.

Posted January 08, 2017 by Ryan Donovan

Congress takes steps to prepare for the Trump administration to begin

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 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 04, 2016 by Ryan Donovan
Our attention and focus for the better part of the last 18 months has been centered rightfully on the presidential and congressional elections, but elections for key leadership positions in Congress have taken place in just the last two weeks.
Posted December 04, 2016 by Ryan Donovan
This week could see the end of the 114th Congress.  Both chambers are in session with a December 9 deadline for funding the government further into the fiscal year.
Posted November 30, 2016 by CUNA Advocacy

“Trust Betrayed: Financial Abuse of Older Americans by Guardians and Others in Power.” 

Posted November 10, 2016 by Ryan Donovan

In an election that has been marked with surprises both during the primary and general elections, the American public chose Donald J. Trump as the 45th President of the United States. 

Posted November 10, 2016 by CUNA Advocacy

Hours after Donald Trump was elected CUNA reached out to President-elect Trump's Transition Committee expressing a desire to work together.  The letter makes the point that just as democracy is... 

Posted November 04, 2016 by Ryan Donovan
In the coming days, there will be no shortage of election analysis.  As we approach this historic election, we have given some high level thought to the possible outcomes and the impact on credit union priorities.
Posted October 21, 2016 by CUNA Advocacy

"Credit unions were born out of the idea that we can derive strength from our unity. For generations, they have enabled people across our country to access financial services while contributing to the life of their community," says President Obama

Posted October 18, 2016 by CUNA Advocacy

IRS to shelve proposed changes to the way users could access its IVES system 

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
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.
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

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. 

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 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 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 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 01, 2016 by CUNA Advocacy
This latest change is the result of the FAST Act passed by Congress last year, and further reduces the unnecessary regulatory burdens relating to providing annual privacy notices.
Posted August 01, 2016 by CUNA Advocacy
This ALEC meeting, and next weeks' NCSL meeting, present great opportunities for us to share the credit union difference with state legislators and fend off attacks on the tax status.
Posted July 25, 2016 by CUNA Advocacy
Each of the major party nominees for Vice President has a strong record on credit union issues.
Posted July 25, 2016 by CUNA Advocacy

State legislatures are considering and adopting legislation at a dramatically more frequently pace and their federal counterpart.

Posted July 18, 2016 by CUNA Advocacy
The letter echoes a previous message from Congress, which urged the CFPB to expand use of its Section 1022 Exemption Authority.
Posted July 18, 2016 by CUNA Advocacy
While legislators may be out of town for the next several weeks, regulatory activity from the CFPB will continue apace.
Posted July 17, 2016 by CUNA Advocacy
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 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.
Posted July 14, 2016 by CUNA Advocacy
The House Appropriations committee recently approved this bill, which contains a provision related to the DOL's Overtime Rule.
Posted July 14, 2016 by CUNA Advocacy
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 July 13, 2016 by CUNA Advocacy
The letter raised concerns about possible ECOA and UDAAP issues arising from FHFA's recent proposal.
Posted July 12, 2016 by CUNA Advocacy
Due to our legislative and regulatory advocacy work, this is now the second time CFPB has proposed changes to privacy notices under Regulation P.
Posted July 08, 2016 by CUNA Advocacy
The bill includes funding for important credit union programs and several regulatory relief provisions.
Posted July 06, 2016 by CUNA Advocacy
This CUNA-supported bill sailed through committee and easily passed the whole House by a voice vote.
Posted July 05, 2016 by CUNA Advocacy

The Ohio League has been working with us to introduce this bill, which will help credit unions expand into underserved areas. 

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 CUNA Advocacy
We are in the process of analyzing how these proposals could effect the credit union tax status.
Posted June 24, 2016 by CUNA Advocacy
The Financial Services Committee Chairman has now made public the details of his Dodd-Frank reform plan.
Posted June 23, 2016 by CUNA Advocacy

Several small business and HR representatives testified that this new, complex rule sets an overly broad standard for the entire country and is difficult to comply with. 

Posted June 23, 2016 by CUNA Advocacy
We are a member of this coalition of depository institutions and card issuers, which has been strategizing and lobbying hard to repeal Durbin.
Posted June 21, 2016 by CUNA Advocacy
The bill would take steps to ease depository institutions into serving marijuana businesses.
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 18, 2016 by CUNA Advocacy
The Senate version of this appropriations bill contains some funding disparities with the House version.
Posted June 18, 2016 by CUNA Advocacy
This extensive report evaluated the recent CFPB proposed rule and the various ways small-dollar lenders have avoided state and federal regulation in the past.
Posted June 17, 2016 by CUNA Advocacy
This reform package is similar to the one recently released by Chairman Hensarling, and specifically focuses on financial services issues.
Posted June 17, 2016 by CUNA Advocacy
Although there is not yet a Senate version of this bill, President Obama is likely to veto any attempt to block the new rule in any case.
Posted June 16, 2016 by CUNA Advocacy
The House version of this bill would provide legal immunity and training for financial services employees to report elder financial abuse.
Posted June 15, 2016 by CUNA Advocacy
We sent a letter to Rep. Randy Neugebauer in strong support of his new bill, H.R. 5465, which would repeal the misguided Durbin Amendment and its implementing regulations.
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 10, 2016 by CUNA Advocacy
The Education and Workforce Committee hearing focused on the administrative headaches and costs resulting from the DOL's recently finalized Overtime Rule.
Posted June 09, 2016 by CUNA Advocacy
Despite this expected veto, the Department of Labor's Fiduciary Rule is being challenged in several courts.
Posted June 08, 2016 by CUNA Advocacy
This appropriations bill includes several important regulatory relief provisions, including CFPB reforms.
Posted June 08, 2016 by CUNA Advocacy
While the Durbin Amendment has proven to be a boon to retailers, it has become yet another burden on small financial institutions.
Posted June 06, 2016 by CUNA Advocacy
This reform package could feature up to two-dozen regulatory relief bills for community financial institutions.
Posted May 31, 2016 by CUNA Advocacy

We responded to Treasury Secretary Jack Lew's request for new legislation expanding FATCA reporting requirements to non-interest bearing accounts.

Posted May 27, 2016 by DW CMS

That one thing that would help us in advocacy this summer is for you to invite a Member of Congress to your credit union.

Posted May 25, 2016 by CUNA Advocacy
The PROMESA Act was sponsored by Rep. Sean Duffy (R-WI), and includes several measures to begin addressing the Puerto Rican debt crisis.
Posted May 24, 2016 by CUNA Advocacy
The draft also maintains or increases funding levels for several important community and small business development funds.
Posted May 19, 2016 by CUNA Advocacy
We closely followed this hearing, because it remains our view that allowing credit unions to expand small business lending would be a key driver of economic growth.
Posted May 19, 2016 by Meghan M
We believe this recent CFPB proposal could damage the healthy relationship between credit unions and their member-owners.
Posted May 18, 2016 by CUNA Advocacy
Committee members and witnesses echoed our concerns, specifically about what constitutes and "autodialer", and what businesses should do when a customer's phone number has been reassigned.
Posted May 17, 2016 by CUNA Advocacy
We used this discussion on Capitol Hill to further promote H.R. 1188, which would increase the statutory member business lending (MBL) cap to 27.5 percent.
Posted May 17, 2016 by CUNA Advocacy
In considering several tax proposals, the Committee did not bring up credit unions as a source for new revenue.
Posted May 17, 2016 by CUNA Advocacy
PACE loans are troublesome for credit unions in their role as lienholders, because these loans take first priority and must be paid before borrowers can refinance or sell their property.
Posted May 17, 2016 by CUNA Advocacy
Our letter stressed that the CFPB's recent proposed rule on arbitration is not appropriate for credit unions, and could block members' access to timely dispute resolution.
Posted May 11, 2016 by CUNA Advocacy
We are pushing several pieces of legislation through both chambers that would expand credit union powers and reduce regulatory burden.
Posted May 11, 2016 by CUNA Advocacy
The proposed overtime rule could have significant costs for small and rural credit unions, so we are glad the Senate committee held a hearing on this issue.
Posted May 10, 2016 by CUNA Advocacy
The coalition, which includes CUNA, supports this bill which would help ensure the security of consumers’ data regardless of the nature of the transaction.
Posted May 05, 2016 by CUNA Advocacy
These letters expressed concerns that the Bureau has not adequately studied the arbitration issue before proposing its new regulation.
Posted April 29, 2016 by CUNA Advocacy
This bill, along with its Senate companion, attempts to use the Congressional Review Act to block implementation of the final rule.
Posted April 29, 2016 by CUNA Advocacy
This bill would prohibit the use of guarantee fees to offset unrelated federal spending.
Posted April 25, 2016 by CUNA Advocacy
The Senator has been an advocate for financial literacy on and off Capitol Hill.
Posted April 21, 2016 by CUNA Advocacy
This legislation includes many provisions, two of which may affect state-chartered credit unions.
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.
Posted April 20, 2016 by CUNA Advocacy
Members in both chambers of Congress have introduced resolutions to prevent the final fiduciary rule from being implemented.
Posted April 18, 2016 by CUNA Advocacy
The legislation would limit the ability of Federal banking regulators to discourage or restrict certain customer relationships, unless certain criteria are met.
Posted April 18, 2016 by CUNA Advocacy
The bill would create a Credit Union Advisory Committee and a Community Bank Advisory Committee within the Treasury Department.
Posted April 15, 2016 by CUNA Advocacy
While we appreciate some of the Director's comments, the Bureau has still fallen short of providing meaningful regulatory relief for credit unions.
Posted April 13, 2016 by CUNA Advocacy
Our letter ensured that members of the committee will be fully aware of the credit union difference as they prepare to consider tax reform options.
Posted April 11, 2016 by CUNA Advocacy
A CUNA-supported bill that would change the CFPB's funding mechanism is heading to a committee markup on Wednesday.
Posted April 11, 2016 by CUNA Advocacy
A pair of letters we sent to both chambers of Congress expresses our support for two bills that would require the US Department of Labor to more carefully assess the impact of its Overtime Pay Rule on small institutions.
Posted April 07, 2016 by CUNA Advocacy
The CFPB Director reiterated his view that his agency has appropriately used and interpreted the exemption authority in Section 1022 of Dodd-Frank.
Posted April 05, 2016 by CUNA Advocacy
The hearing featured expert testimony from four witnesses, and focused on how CFPB enforcement actions and regulations have impacted consumer access to financial services.
Posted April 05, 2016 by CUNA Advocacy
Our letter, which was sent in response to a request for information from two members of Congress, included several suggestions for how the CFPB could ease compliance with this massive new regulation.
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 29, 2016 by CUNA Advocacy
A bipartisan letter signed by 131 members of the House of Representatives asked the agencies how they can avoid placing undue burden on community financial institutions.
Posted March 28, 2016 by CUNA Advocacy
In our response to the Director's recent testimony, we pushed back on his dismissals of the impact of growing regulatory burden.
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.
Posted March 23, 2016 by CUNA Advocacy
Many commissioners agreed that the TCPA statute from 1991 is outdated and needs to be updated so that modern forms of necessary communication are not impaired.
Posted March 22, 2016 by CUNA Advocacy
Several representatives requested the inclusion of CUNA-supported regulatory relief provisions in the 2017 Financial Services and General Government Appropriations bill.
Posted March 22, 2016 by CUNA Advocacy
The bill would raise the reporting threshold to 100 closed-end and 200 open-end mortgages.
Posted March 18, 2016 by CUNA Advocacy
While these provisions are just suggestions for appropriators, they do signal increased Congressional attention to regulatory burden.
Posted March 18, 2016 by CUNA Advocacy
Following up on the letter signed by 328 House members, Stivers requested the Appropriations Committee also take up the cause of regulatory relief.
Posted March 18, 2016 by CUNA Advocacy
We are hopeful that the CFPB won't add additional regulatory burdens on the nascent NCUA Payday Alternative Loan (PAL) Program.
Posted March 18, 2016 by CUNA Advocacy
During this oversight hearing, Director Cordray faced bipartisan questions and concerns about the impacts on community financial institutions from the Bureau's heavy-handed regulatory approach.
Posted March 17, 2016 by CUNA Advocacy
Members of the Appropriations Subcommittee on Financial Services and General Government questioned Treasury Secretary Jack Lew on regulatory burdens facing small financial institutions.
Posted March 15, 2016 by CUNA Advocacy
In a nomination hearing today, the senator shared some of our concerns with the pending fiduciary rule.
Posted March 15, 2016 by CUNA Advocacy
Our letter to the Senate supported the legislation, which would clarify liability concerns surrounding the reporting of elder abuse.
Posted March 14, 2016 by CUNA Advocacy
Nothing happens in a vacuum.  We did not just wake up one morning and say to ourselves, “Let’s see if we can get Congress to write a letter to the CFPB.”
Posted March 14, 2016 by CUNA Advocacy
An overwhelming bipartisan majority of US representatives sent a letter to CFPB Director Cordray urging him to expand exemptions 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.
Posted February 29, 2016 by CUNA Advocacy

The committee report claims that the Labor Department disregarded concerns and recommendations from other agencies.

Posted February 24, 2016 by CUNA Advocacy
CUNA President/CEO Jim Nussle co-wrote an op-ed describing the financial burdens imposed by the 2010 Durbin Amendment.
Posted February 21, 2016 by CUNA Advocacy
Here are 5 things you need to know about your GAC visits with policymakers
Posted February 19, 2016 by CUNA Advocacy
A CUNA-supported letter signed by a bipartisan group of thirty members of the House of Representatives asks NCUA if it plans to “move toward an extended examination cycle for credit unions in 2016."
Posted February 16, 2016 by CUNA Advocacy
We support three pieces of legislation that would reduce the regulatory burden that the rule could impose on CU investment services.
Posted February 10, 2016 by CUNA Advocacy
We sent a letter highlighting credit union concerns with a “broadsword approach" that the CFPB took in its payday lending proposals.
Posted February 09, 2016 by CUNA Advocacy
The letter was riddled with inaccuracies as well as distortions of the truth. The ABA again demonstrates a willful misunderstanding of how and why credit unions exist and operate.
Posted February 03, 2016 by CUNA Advocacy
We've been supporting these legislative fixes to the proposals in the DOL's fiduciary rule
Posted February 02, 2016 by CUNA Advocacy
Our letter urges all House members to vote for the legislation, which would place limits on the FDIC-DOJ program which has come under criticism.
Posted January 29, 2016 by CUNA Advocacy
The letter has strong bipartisan support and asks FASB to pause its current work on the standard and thoroughly evaluate its potential harm on financial institutions.
Posted January 28, 2016 by CUNA Advocacy
The letter from President/CEO Jim Nussle responded to a recent letter sent to Capitol Hill from the banking trade associations.
Posted January 21, 2016 by CUNA Advocacy
Our letter urged Congress to take a look at credit union barriers to member service before reforming the US Postal Service.
Posted December 09, 2015 by CUNA Advocacy
Today the House Financial Services Committee passed two CUNA-supported blills: the Data Security Act of 2015 (H.R. 2205), and the NCUA Budget Transparency act (HR 2287).
Posted December 01, 2015 by CUNA Advocacy
The Highway Bill conference committee's new draft highway and transit bill contains credit union regulatory relief measures that we have strongly and repeatedly advocated for.
Posted November 18, 2015 by CUNA Advocacy

The House approved a bill today that would allow would allow credit unions and other lenders to treat mortgages held in portfolio as qualified mortgages (QM).

Posted November 17, 2015 by CUNA Advocacy
Today we sent a letter urging Congress to address the recent TCPA ruling and Order from the FCC, which has created some significant problems for credit unions.
Posted November 16, 2015 by CUNA Advocacy

Today we sent a letter to U.S. House lawmakers, encouraging them to vote yes this week on a measure that would remove a significant barrier for credit unions. 

Posted November 11, 2015 by CUNA Advocacy
Today, we wrote a letter to House and Senate conferees on the highway transportation bill, in support of provisions that remove regulatory barriers.
Posted November 09, 2015 by CUNA Advocacy
Pahranagat Valley Federal Credit Union CEO Robin Simmers told a House Small Business Committee Subcommittee that credit unions face a crisis of creeping complexity with respect to regulatory burdens.
Posted November 04, 2015 by CUNA Advocacy
Yesterday, the House Financial Services Committee passed a bill that would allow federal thrift institutions to operate more like commercial banks by allowing them to expand their portfolios in new areas, particularly business lending.
Posted November 03, 2015 by CUNA Advocacy
League representatives from the Dakotas and Pennsylvania helped to wrap up another successful Hike the Hill season, which included hundreds of meetings with regulators and members of Congress.
Posted October 28, 2015 by CUNA Advocacy
President/CEO of affiliate Timberland FCU Carrie Wood testified before the U.S. Senate Banking subcommittee on financial institutions and consumer protection, during a hearing on the effects of regulatory burdens on rural financial institutions.
Posted October 27, 2015 by CUNA Advocacy
A two-year budget deal has been reached between congressional leaders in both parties and the White House, and is scheduled for voting tomorrow. It has no substantial effect on credit unions or financial services.
Posted October 26, 2015 by CUNA Advocacy
Along with several other trades, we submitted a letter to Senate leaders Mitch McConnell and Harry Reid, urging them to support S. 754 (CISA) and expressing concern with some of its recent amendments.
Posted October 26, 2015 by CUNA Advocacy
CUNA, along with several other financial services trades associations, submitted a statement for last week’s House Small Business Committee Hearing on EMV technology.
Posted October 20, 2015 by CUNA Advocacy
Today we sent a letter to Senate leaders to both urge passage of the bipartisan CISA bill, and remind them about the critical need for data security.
Posted October 18, 2015 by CUNA Advocacy
On Wednesday, the House Small Business Committee will hold a hearing on the effect of EMV implementation on small businesses.  This is the second in a series of hearings the Committee has held on this topic.
Posted October 18, 2015 by CUNA Advocacy
On Wednesday, the House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit will hold a legislative hearing on several bills aimed at removing barriers for credit unions and small banks to serve their members and customers.
Posted October 15, 2015 by CUNA Advocacy
Last week CUNA and other financial services trades wrote a letter to Senate leadership, urging passage of S.754, the Cybersecurity Information Sharing Act (CISA).
Posted October 13, 2015 by CUNA Advocacy
The U.S. Chamber Institute for Legal Reform and several other representatives are participating in a briefing on the Telephone Consumer Protection Act (TCPA) in the U.S. Senate next week.
Posted October 12, 2015 by CUNA Advocacy
Approximately twenty months after it was first proposed, NCUA’s new risk-based capital regime is expected to be finalized this Thursday.  While the details of the final proposal will not be known until the NCUA Board meets, what is known is that since it was first proposed, the RBC and RBC2 have undergone significant scrutiny, been the subject of intense industry and NCUA Board debate, attracted a record number of credit union comments, and improved significantly.  As we prepare to receive the final rule, let’s take a look at the progress we’ve made so far.
Posted October 08, 2015 by CUNA Advocacy
Last night, the U.S. House passed a bill enacting a hold harmless period for the TRID rule through Feb. 1, 2016 by vote of 303-121.
Posted October 06, 2015 by CUNA Advocacy

A bill providing a safe harbor from enforcement and litigation of the recently implemented TRID rule is now scheduled for a full floor vote in the US House on Wednesday.

Posted October 01, 2015 by CUNA Advocacy
Yesterday, the House Committee on Ways and Means Subcommittee on Oversight held a hearing on the Department of Labor’s (DOL) proposed fiduciary rule.
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 23, 2015 by CUNA Advocacy
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 CUNA Advocacy

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 21, 2015 by CUNA Advocacy

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

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 21, 2015 by CUNA Advocacy
CUNA is concerned with an effort to get Members of Congress to sign a letter to the CFPB urging the Bureau to expedite rulemaking related to Section 1071 of the Dodd-Frank Act, which directs the CFPB to compel financial institutions to collect and report additional data from small business borrowers
Posted August 19, 2015 by CUNA Advocacy
The fact that credit unions have concerns with the conduct and fairness of their exams surprises no one.  It’s time for NCUA to adjust the examination cycle, which is why we have encouraged them to do so, and we have asked Congress to help.
Posted July 27, 2015 by CUNA Advocacy
The House Financial Services Committee plans to hold a full committee markup on Tuesday, July 28 at 2pm EST.  This will be the third in a series of markups that focuses on regulatory relief for financial institutions.
Posted July 21, 2015 by CUNA Advocacy

On July 21st, CUNA joined nine other banking and housing trade groups on a letter to Majority Leader Mitch McConnell and Minority Leader Harry Reid opposing the use of government guarantee fees (G fees) as an offset to pay for

Posted July 21, 2015 by CUNA Advocacy

Today, the United States Senate Finance Committee overwhelmingly passed legislation to extend several dozen tax provisions that expired at the end of last year.

Posted July 15, 2015 by CUNA Advocacy
Just about everyone agrees that it is good public policy for Congress to pay for the bills they enact into law, but trend of trying to increasing regulatory burden on credit unions and small banks to help pay for these bills is disturbing.
Posted July 19, 2015 by CUNA Advocacy
It’s been six years since the last time NCUA held a hearing on its budget; it’s been almost four years since an NCUA Chairman has testified before the House Financial Services Committee.  On Friday, that will change when NCUA Chairman Matz testifies before the House Financial Services Committee.
Posted July 14, 2015 by CUNA Advocacy
There is a lot that needs to be done to focus the CFPB on those entities that are truly hurting consumers.  Credit unions aren’t the problem, but the CFPB’s solutions are keeping credit unions from fully serving their members.  That is a problem.  As we approach the CFPB’s 5th birthday, it’s long past time for Congress to make major changes at the CFPB.
Posted July 13, 2015 by CUNA Advocacy

On Tuesday, the House of Representatives will consider bills important to credit unions H.R. 1408, the Mortgage Servicing Asset Capital Requirements Act, and H.R. 1529, the Community Institution Mortgage Relief Act.  CUNA strongly supports both

Posted July 02, 2015 by CUNA Advocacy

  The Governmental Accountability Office released a report today that suggests that federal depository institution regulators need better data analytics and that depository institutions want more usable threat information.  The report also made a key recommendation related to vendor supervisory

Posted July 02, 2015 by CUNA Advocacy

House Majority Leader Kevin McCarthy indicates the House will consider the Financial Services and General Government Appropriations Bill in July