CUAC applications open through April 23

The Consumer Financial Protection Bureau (CFPB) is seeking applicants for its Credit Union Advisory Council (CUAC), which advises the bureau on the credit union industry. The link to the application is open. Selections are expected to be announced in September. Members of the CUAC serve two-year terms, though that may be adjusted at the CPPB director sees […]

NCUA FOM lawsuit decision a mixed bag for CUs

Yesterday, the U.S. District Court for the District of Columbia upheld two challenged portions of the National Credit Union Administration’s field of membership rule and struck down two provisions in a lawsuit filed against the agency by the American Bankers Association (ABA). Credit Union National Association (CUNA) and CUNA Mutual Group, in a joint statement, […]

Washington Wire – March 27, 2018

The Consumer Financial Protection Bureau (CFPB) has issued a request for information (RFI) on the bureau’s inherited regulations and inherited rulemaking authorities. The CFPB is seeking comments and information from stakeholders to assist the bureau in considering whether it should amend the regulations or exercise the rulemaking authorities that it inherited from other federal government […]

Join us in thanking Sen. Doug Jones for voting for Dodd-Frank reform

With the recent passage of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, Senator Doug Jones published an article, click here,  on why he co-sponsored and voted in favor of the legislation.  While he states the numerous benefits of the legislation to all community based financial institutions, Sen. Jones goes into great detail […]

Senate passes S. 2155

Last night,  the Senate passed S. 2155, a CUNA-supported relief bill that will improve the current operating environment for credit unions and community banks nationwide. The Economic Growth, Regulatory Relief and Consumer Protection Act is a victory for consumers served by credit unions and aligns with the core efforts behind CUNA’s Campaign for Common Sense Regulation. “We thank the Senators who put party politics […]