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MCUA Expresses Concerns with Reg CC & Reg D

May
19
MCUA Expresses Concerns with Reg CC & Reg D

In a comment letter filed on May 14, 2015, Missouri Credit Union Association (MCUA) reiterated concerns with withdrawal or transfer limits on savings accounts and proposed changes for remote deposit capture.

Posted By Sharon Bahr read more

MCUA Shares Information on Credit Card Market with CFPB

May
19
MCUA Shares Information on Credit Card Market with CFPB

On May 18, 2015, the Missouri Credit Union Association (MCUA) filed a comment letter on the Consumer Financial Protection Bureau's (CFPB) review of the credit card market. The CFPB's review includes 12 topic areas related to the consumer credit card market.

Posted By Sharon Bahr read more

Overdraft Protection Survey Responses Needed by May 22

May
18
Overdraft Protection Survey Responses Needed by May 22

Credit union leaders are meeting with representatives from the Consumers Financial Protection Bureau (CFPB) during Missouri Hike the Hill on June 8. 

Your credit union’s input is needed to help illustrate how overdraft protection (ODP) operates at credit unions in Missouri and how consumers using credit unions want the ODP option available to them.

Posted By Nora Holloway read more

State Session Adjourns, 5 MCUA Supported Bills Sent to Governor

May
15
State Session Adjourns, 5 MCUA Supported Bills Sent to Governor

Five of the bills worked on by Missouri Credit Union Association (MCUA) Advocacy passed by the time the Missouri state legislative session officially ended on Friday, May 15.  In addition to the bills passed, MCUA worked to stop multiple bills with potential negative affects to member credit unions, and staff continued to build strong relationships with law

Posted By dkent read more

MCUA Weighs In on FAF's Private Company Council

May
12
MCUA Weighs In on FAF's Private Company Council

The Missouri Credit Union Association (MCUA) filed a comment letter on May 11, 2015, providing several suggestions to improve the Financial Accounting Foundation's (FAF) Private Company Council (PCC), which was established in May 2012 to improve the process of setting ac

Posted By Sharon Bahr read more

Bill Aimed to Offset Costs of Small Dollar Loans Heads to Governor

May
07
Bill Aimed to Offset Costs of Small Dollar Loans Heads to Governor

A bill intended to help financial institutions - including credit unions - offset the costs of providing small dollar loans is headed to the Governor's desk.

Posted By dkent read more

CFPB Takes Enforcement Action on Overdraft Protection Practices

May
05
CFPB Takes Enforcement Action on Overdraft Protection Practices

The Consumer Financial Protection Bureau (CFPB) took its first enforcement action against a financial institution’s overdraft practices on April 28.  Regions Bank was fined $7.5 million and was required to refund approximately $49 million to customers who were charged overdraft fees and had not opted-in for overdraft coverage. 

The CFPB found that the financial institution:

Posted By Halley Hayden read more

Hike the Hill: Reserve Hotel Room By May 11

May
04
Hike the Hill: Reserve Hotel Room By May 11

Time is running out to reserve a room and take part in the Missouri Hike the Hill, June 8-10. Join the Missouri Credit Union Association (MCUA) and credit union leaders as they discuss issues that impact credit unions and their members/communities in meetings with lawmakers and the Consumer Financial Protection Bureau (CFPB).

Posted By Nora Holloway read more

Three Bills Supported by MCUA Sent to the Governor

May
01
Three Bills Supported by MCUA Sent to the Governor

Three significant pieces of legislation for Missouri's credit unions are now headed to the Governor's desk, after a very busy week at the Missouri State Capitol. The Missouri Credit Union Association's (MCUA) Advocacy staff worked with lawmakers and other groups in support of the bills listed below. Governor Jay Nixon (D) has 45 days to either sign, veto or allow the bills to become law w

Posted By dkent read more

Roy Blunt Reintroduces Data Security Bill This Congress

Apr
28
Roy Blunt Reintroduces Data Security Bill This Congress

Missouri’s U.S. Senator Roy Blunt (R) has reintroduced legislation to protect consumers from identity theft and fraud. The purpose of the bill is to establish a set of national standards to help prevent and respond to data breaches. Sen. Blunt introduced S. 961, the Data Security Act of 2015 with U.S.

Posted By Nora Holloway read more

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