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U.S. Rep. Blaine Luetkemeyer

Luetkemeyer Tells Credit Unions: NCUA Asked Congress “Not to Do Its Job”

Sep
15

As a member of the House Financial Services Committee, Missouri Congressman Blaine Luetkemeyer (R-District 3) is known on Capitol Hill for focusing on regulatory relief. However, when Luetkemeyer attempted to address credit union concerns with the National Credit Union Administration’s (NCUA) Risk-Based Capital (RBC) proposal, he hit a roadblock from the regulator. Leutkemeyer recounted

Posted By Nora Holloway read more

Meeting with U.S. House Financial Services Leaders in Missouri

Sep
09

Credit union staff and volunteers met with two members of the House Financial Services Committee on September 2 and 3, during the in-district work period.

U.S. Representative Emanuel Cleaver (D-District 5) welcomed credit union leaders to his Kansas City office on September 2 to discuss issues and concerns. Ten representatives from five credit unions and the Missouri Credit Union Association took part in the meeting.

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In-District Work Period Brings Credit Union Opportunities

Aug
20
Tracy Henke speaks with CU leaders.
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Examination Fairness Bill Includes Missouri Cosponsors

Apr
19

Missouri members of Congress have cosponsored legislation that would provide regulatory relief and an opportunity for credit unions to address concerns with examinations.

Posted By Sharon Bahr read more

New ATM Disclosure Requirements to Take Effect

Mar
26

Missouri credit unions will soon be able to implement changes to ATM disclosure requirements.  The Consumer Financial Protection Bureau (CFPB) has issued a final rule amending Regulation E.  This final rule implements the change in ATM disclosure requirements that was passed by Congress in December.  The changes to Regulation E take effect as soon as the final rule is published in the Federal Register, which is anticipated this week.

Posted By Amy McLard read more

Missouri’s Blunt Cosponsors Privacy Notice Bill In Senate

Mar
21

Missouri U.S. Senator Roy Blunt (R) is an original cosponsor to S. 635, a privacy notice bill introduced in the Senate on March 21. 

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Privacy Notice Bill Passes U.S. House

Mar
13

H.R. 749, the Eliminate Privacy Notice Confusion Act, passed the U.S. House of Representatives on March 12. The bill was passed by a voice vote, with no opposition.  It now must go to the U.S. Senate for action.

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Opportunity to Move Forward for Privacy Notice Bill

Mar
11

The U.S. House of Representatives may take action soon on H.R. 749, the Eliminate Privacy Notice Confusion Act.  The bill is scheduled for full House consideration on March 12.

Posted By Amy McLard read more

Three Federal Bills Introduced Would Impact Credit Unions

Feb
19

Federal lawmakers have introduced three bills in the U.S. House of Representatives that would impact credit unions .  The bills, introduced between February 14 and 15, deal with member business lending, supplemental capital, and privacy notification requirements.

The new member business lending bill (MBL) is. H.R. 688 and was introduced by U.S. Rep. Ed Royce (R-CA)on February 14 .  It would lift the credit union member business lending cap to 27.5% of assets, from the current 12.25%.

Posted By Amy McLard read more

U.S. House Passes Privacy Notification Act

Dec
12

The U.S. House of Representatives passed H.R. 5817, the Eliminate Privacy Notice Confusion Act, by a voice vote on December 12.  Currently, financial institutions are required to give annual privacy notices each year, even if their privacy policies have not changed. 

This legislation, sponsored by U.S. Rep. Blaine Luetkemeyer (R-District 9) would require credit unions and other financial institutions to provide information to their members ONLY if they have changed any policy or practice related to the privacy of the member. 

Posted By Amy McLard read more

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