Final rules on fixed assets and stress testing schedules top the agenda for the July National Credit Union Administration board meeting.
The NCUA reissued the fixed assets proposal in March, after first proposing a rule in July 2014.
The current proposed rule would remove the 5% limit cap on fixed assets,... More
CUNA staff met with the Consumer Financial Protection Bureau (CFPB) this week to discuss the bureau’s proposals under consideration regarding payday and small-dollar loans.
During the meeting, CUNA staff provided the bureau with information on credit unions’ role in combating abusive payday lending... More
WASHINGTON (7/16/15)--A provision in the Highway and Transportation Funding Act of 2015 (H.R. 3038) containing a mortgage reporting offset has led to great concern from CUNA.
WASHINGTON (7/16/15)--CUNA supports the intent of a bill introduced this week that would exempt financial institutions with less than $10 billion in assets from Consumer Financial Protection Bureau (CFPB) rules, and looks forward to working to perfect the legislation as it moves forward.
Rep. Roger Williams... More
WASHINGTON (7/15/15)--Consumers lose when the Consumer Financial Protection Bureau (CFPB) keeps credit unions from serving them. That’s the message CUNA sent to the U.S. Senate Banking Committee Tuesday in advance of its hearing with CFPB Director Richard Cordray.
Cordray will give the bureau’s semiannual... More
WASHINGTON (5/5/15)--Rep. Steve Pearce (R-N.M.), along with Rep. Brad Sherman (D-Calif.), introduced a bill last week that would provide a temporary delay in enforcement and a liability safe harbor period under the Consumer Financial Protection Bureau’s (CPFB) Truth in Lending Act-Real Estate Settlement... More
WASHINGTON (5/1/15)--A coalition of six Democratic senators introduced a data protection bill Thursday that would, in part, require companies that store sensitive personal or financial information on 10,000 customers or more to meet specified consumer privacy and data security standards to keep this... More
WASHINGTON (4/30/15)--Credit unions stand ready to advance economic improvements for their members, CUNA President/CEO Jim Nussle told members of the U.S. House in a letter sent Wednesday.
Senate Banking Committee Chairman Richard Shelby offered a few hints Wednesday about what bankers might see in pending regulatory relief legislation due next month.
Shelby didn't offer many specifics about the package or where the process stands with fellow lawmakers on his committee, but did signal a... More