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MCUA Testifies in Support of Bill to Clarify Penalty for Robbery

Feb
25

The Missouri Credit Union Association testified in support of a bill intended to clarify that robbery of a financial institution is a Class B felony.  HB 254 was heard in the Missouri House Civil and Criminal Proceeding Committee on February 25.  The bill is&nb

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MCUA Supported Lien Release Bill Passes House

Feb
19

A bill that will allow lienholders to electronically release a lien on a motor vehicle, boat or trailer was voted out of the House on February 19.

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GAC: Show-Me Scorecard Surveys Due March 4

Feb
19

CUNA’s Governmental Affairs Conference (GAC) is just around the corner, and credit union leaders are preparing to meet with federal lawmakers and share key information about issues, legislation and the positive impact credit unions make on their members and communities.  The Show-Me Scorecard helps illustrate that positive impact.  To collect the most accurate picture of credit union charitable contributions, volunteer efforts, financial education, and member impact, the Missouri Credit Union Association  (MCUA) has re-opened the Show-Me Scorecar

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Federal Privacy Notice Bill Introduced in Senate, House Bill Gains Cosponsors

Feb
19

Efforts to eliminate privacy notice mailings when no changes in policies are made are moving forward on Capitol Hill. S. 423, the Privacy Notice Modernization Act, was introduced in the U.S. Senate on February 10. Missouri U.S. Representative Blaine Luetkemeyer (R-District 3) introduced a similar bill in the House in January.

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Ruling Limits Schnucks' Data Breach Liability to $500K

Feb
02

A U.S. District Court judge ruled in January that a certain retailer involved in a 2012-2013 data breach is only liable to pay a maximum of $500,000 in damages following the breach. 

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Meet with Lawmakers at Annual Advocacy Meeting

Jan
27

Credit union volunteers and leaders from across the state will be attending the Missouri Credit Union Association’s (MCUA) Annual Advocacy Meeting, February 9-10 in Jefferson City.

MCUA encourages credit union advocates to attend this two-day event, as it allows them to share how their credit unions make a difference in Missouri communities and discuss legislation that could impact credit unions and their members.

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MCUA Testifies as MMPA Bill Heard in Committee

Jan
26

Testimony on a bill addressing the Missouri Merchandising Practices Act (MMPA) dominated the first Missouri House Banking Committee meeting of the 2015 legislative session. The Missouri Credit Union Association (MCUA) is working in support of the bill, HB 256, which is designed to address a growing number of attempts by plaintiffs’ attorneys to apply the MMPA to exempt financial institutions. 

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MCUA Supports IRS Proposal on Discharge of Indebtedness

Jan
26

The Missouri Credit Union Association (MCUA) filed a letter with the IRS in support of proposed changes to the IRS regulation regarding discharge of indebtedness.

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New Risk-Based Capital (RBC2) Proposal Released

Jan
20

The Missouri Credit Union Association (MCUA) and Missouri credit union leaders, along with the rest of the credit union community, are reviewing the highly anticipated revised Risk-Based Capital (RBC2) proposal from the National Credit Union Administration (NCUA). The proposal was released on January 15, and credit union representatives will have the opportunity to weigh in on the changes during a comment period.

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