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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

CFPB Hears From Missouri Leaders Prior to Inaugural Session

Sep
27
CFPB Hears From Missouri Leaders Prior to Inaugural Session

A select group of Missouri credit union representatives had a rare opportunity to sit down with key leaders from the Consumer Financial Protection Bureau (CFPB) on September 26 - one day prior to the CFPB's consumer advisory board inaugural meeting being held in St. Louis.  

Credit union leaders explained how regulations being promulgated quickly through the system require additional staffing and increased costs to the consumer.  

Posted By Halley Hayden read more

Recent CFPB Updates

Sep
07
Recent CFPB Updates

The CFPB published several new items on its website concerning the CFPB’s various initiatives including updates to its Private Student Lending Loan Report. CFPB states that since the release of its original report to Congress in July, it has “developed ways to make better estimates on certain market statistics, pa

Posted By Halley Hayden read more

Overdraft Lawsuits Hit California

Jul
05

Vexing, cookie-cutter lawsuits are not only aimed at ATM disclosures according to the Credit Union National Association (CUNA).

Posted By Halley Hayden read more

CFPB Extends Overdraft Comment Period

Apr
26
CFPB Extends Overdraft Comment Period

 

Credit unions have additional time to weigh in on the impacts of overdraft programs on consumers. The Consumer Financial Protection Bureau (CFPB) is extending the Overdraft Notice comment period until June 29. The original deadline was April 30.

Posted By Halley Hayden read more

Overdraft Survey Extended: May 25

Apr
24
Overdraft Survey Extended: May 25

In response to the Consumer Financial Protection Bureau's (CFPB) request for input on Overdraft Protection & Overdraft Privilege Programs, CUNA has developed a survey to gather input from credit unions.
The CFPB’s inquiry is focused on four main areas:

(1) Transaction Re-Ordering that Increases Consumer Costs,

(2) Missing or Confusing Information,

Posted By Halley Hayden read more
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