CFPB seeks comments on Overdraft Rule

The CFPB announced recently it is conducting a review of the Overdraft Rule consistent with section 610 of the Regulatory Flexibility Act. As part of this review, the Bureau is seeking comment on the economic impact of the Overdraft Rule on small entities. This is an opportunity for credit unions to have their voices heard […]

Washington Wire – May 15, 2019

This week, the House will consider H.R. 2578, the National Flood Insurance Program Extension Act of 2019. This legislation would extend the authority of the flood insurance program from May 31 to Sept. 30. The House will also consider H.R. 5, the Equality Act and H.R. 987, the Marketing and Outreach Restoration to Empower Health […]

Infosight Spotlight: CFPB proposes regulations to implement the Fair Debt Collection Practices Act

In a recent press release, the Bureau issued a proposed rule to amend Regulation F, 12 CFR part 1006, which implements the Fair Debt Collection Practices Act (FDCPA). The proposal would provide consumers with clear protections against harassment by debt collectors and straightforward options to address or dispute debts. Among other things, the NPRM would set clear, […]

FL OFR Commissioner placed on leave

Florida’s Chief Financial Officer Jimmy Patronis has placed Ron Rubin, Commissioner of the Office of Financial Regulation (OFR) on administrative leave pending an investigation after a female employee filed a sexual harassment claim. “Due to these troubling allegations in a sexual harassment complaint filed by an OFR employee, I am requiring an immediate investigation into […]

Announcing the 2019 Advocacy Luncheon Speaker

Each year at the Southeast Credit Union Conference & Expo (SCUCE), the Advocacy Luncheon is a highly attended event that you do not want to miss. Past speakers have included Sen. Bill Nelson, Congressman Bill Posey, The Hill’s AB Stoddard, the Cook Political Report’s David Wasserman, and political pundit Kristen Soltis Anderson. This year, the […]

Washington Wire – May 7, 2019

Prior to the Senate Commerce hearing on data privacy, CUNA wrote to Chairman Wicker (R-MS) and Ranking Member Cantwell (D-WA) urging Congress to set a federal data privacy standard. CUNA applauds the committee for taking up the critical issue of data privacy and pledged to work with them to create a strong, national data privacy […]