InfoSight Spotlight: CUNA submits comments to FCC regarding reassigned numbers database

CUNA filed a comment letter to the FCC regarding its proposal to create a Reassigned Numbers Database for purposes of compliance with the Telephone Consumer Protection Act (TCPA). Our comments state that the Commission should establish a comprehensive, easy-to-use and affordable reassigned numbers database and provide a safe harbor from TCPA liability for calling a reassigned […]

Florida growth in use of cryptocurrency prompts warning from Patronis

A notification from Jimmy Patronis, Florida’s chief financial officer, announced the Securities and Exchange Commission (SEC) recently appointed Valerie Szczepanik as its new “cryptocurrency chief,” a first-of-its kind position. Patronis has directed his staff to discuss with her how to protect consumers in the state with cryptocurrency growing in Florida. The Seminole County Tax Collector […]

Trump picks budget official to lead CFPB, setting up fight in Congress

Last Friday, President Donald Trump selected Kathy Kraninger, a little-known White House budget official, as the next director of the Consumer Financial Protection Bureau, setting up what is likely to be a bruising battle in Congress over the controversial young agency. Kraninger works under Mick Mulvaney at the Office of Management and Budget. Her surprise […]

AL and FL CU professionals attend SRCUS

Alabama and Florida attendees of the Southeast Regional Management School in Athens, GA celebrated the graduation of third-year students on June 15. The Southeast CUNA Management School’s mission is to provide students with the skills and knowledge to meet the leadership challenges that arise in the credit union industry. Giving back to the community is a […]

June compliance meeting planned in Birmingham

A Regulatory Roundtable is planned for June 21 at Legacy Credit Union in Birmingham, AL, to discuss compliance issues pertinent to your credit union.  Legacy is located at 100 Corporate Ridge, Birmingham, AL 35242. Mike Lee, LSCU Director of Regulatory Advocacy, will guide the meeting and requests input from credit unions on issues to be […]

CUNA backs bills to allow CUs to serve legal cannabis business

CUNA wrote in support of three bills last week that would clarify the ability of financial institutions to serve cannabis-based businesses in states where it is legal. While CUNA does not have a position on legalizing or decriminalizing marijuana, it supports the ability of credit unions to serve member businesses when legal. “CUNA supports credit […]