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CUNA Comment Letters

Jul
26
CUNA Comment Letters

CUNA Comments on CFPB Proposal re Disclosure of Consumer Complaint Data

Posted By Sharon Bahr read more

Governor Jay Nixon Meets with Missouri Credit Unions

Jul
25
Governor Jay Nixon Meets with Missouri Credit Unions

Governor Jay Nixon Meets with Missouri Credit Unions

At a meeting with Missouri credit union representatives, Governor Jay Nixon (D) recognized the important role credit unions play in Missouri’s economic and financial landscape.

Posted By Amy McLard read more

GAO Study on SCRA Compliance

Jul
25
GAO Study on SCRA Compliance

On July 17, 2012, the Government Accountability Office (GAO) published a report entitled "Mortgage Foreclosures:  Regulatory Oversight of Compliance with S

Posted By Sharon Bahr read more

CFPB Posts Its Semi-Annual Regulatory Agenda

Jul
23
CFPB Posts Its Semi-Annual Regulatory Agenda

Early during the week of July 16, 2012, the Consumer Financial Protection Bureau (CFPB) posted its semi-annual update of its rulemaking agenda.  The last one that was published was the Fall 2011 agenda, which was made public in January.

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CUNA Urges NCUA to Exercise Restraint at July Meeting

Jul
23
CUNA Urges NCUA to Exercise Restraint at July Meeting

Credit Union National Association (CUNA) has reinforced its strongest support for the National Credit Union Administration's (NCUA) delay of the Credit Union Service Organization (CUSO) and loan participation proposals, and appreciate that these items are not on the July 24, 2012 Board Meeting agenda. CUNA will continue advocating that the agency abandon these proposals.

Posted By Sharon Bahr read more

CFPB Proposes New RESPA/TILA Rule and Disclosure

Jul
19
CFPB Proposes New RESPA/TILA Rule and Disclosure

The Consumer Financial Protection Bureau (CFPB) on July 9, 2012 issued its much anticipated proposed rule and forms to combine certain disclosures required under the Real Estate Settlement Procedures Act (RESPA) with disclosures required under the Truth in Lending Act (TILA), as required by the Dodd-Frank Act.  The proposal also addresses new disclosure requirements required by the D

Posted By Sharon Bahr read more

Credit Unions to Meet with Missouri Governor Jay Nixon on July 24

Jul
18
Credit Unions to Meet with Missouri Governor Jay Nixon on July 24

Missouri Governor Jay Nixon (D) will meet in-person with credit union leaders from across the state on July 24.  Credit union management and board members are invited to participate in the meeting with Governor Nixon.  Here are the details:

Posted By Amy McLard read more

NCUA Holds a Listening Session in San Diego

Jul
18
NCUA Holds a Listening Session in San Diego

The week of July 9, National Credit Union Administration (NCUA) Chairman Debbie Matz and staff held a listening session in San Diego to provide credit union officials in the region an opportunity to communicate their concerns to the agency.  She was accompanied by NCUA Executive Director Dave Marquis, Director of Examination and Insurance Larry Fazio, Region II Director Jane Walters

Posted By Sharon Bahr read more

CFTC Excludes CUs and Banks <$10 Billion from Swap-Clearing Requirements

Jul
17
CFTC Excludes CUs and Banks <$10 Billion from Swap-Clearing Requirements

On July 10, the Commodity Futures Trading Commission (CFTC), the primary federal regulator of derivatives, adopted a final rule to provide an exception for banks and credit unions with $10 billion or less in assets from swap-clearing requirements mandated by the Dodd-Frank Act.  While few credit unions currently participate in swaps, the rule could have affected National Credit Union Administration's (NCUA) efforts to consider hedging for interest rate risk mitigation.

Posted By Sharon Bahr read more

Cosponsors Grow After Missouri Credit Unions Hike the Hill

Jul
16
Cosponsors Grow After Missouri Credit Unions Hike the Hill

Cosponsors Grow After Missouri Credit Unions Hike the Hill

Missouri cosponsors to key bills affecting credit unions grew after Missouri credit union representatives make visits to Capitol Hill.  Lawmakers added their names to several bills impacting credit unions.

Posted By Amy McLard read more

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