Links in “CUNA”
- CUNA to Congress on CFPB: Consumer Protection? Try Consumer Pain
CUNA argues that consumers are harmed when the CFPB keeps credit unions from serving them. This was the message sent to the U.S. Senate Banking Committee in an advance hearing with Richard Cordray. [7/15/15]
- IOLTA Insurance Proposal Doesnât Go Far Enough
While the proposal would extend share insurance coverage to lawyersâs trust accounts (IOLTAs), it does not achieve full parity with the FDIC. Â According to CUNA, the NCUA has the authority to and should extend coverage to prepaid and stored-value cards, as well. [7/13/15]
- Inside a Hacker’s Mind
A CUNA and NASCUS hosted cybersecurity event will feature a live hack demonstration. The symposium will be a good opportunity for a firsthand look at how a hacker might attack a credit union's system. The event will be held in Denver on Aug. 24-25. [7/8/15]
- CUNA to CFPB: Oct. 3 Effective Date a Step in the Right Direction, But Not Enough
Today's the last day for public comments on the extended effective date for the TILA-RESPA Integrated Disclosure Rule. The CFPB has proposed pushing the date to 10/3, but CUNA is requesting a delay until Jan. 1, 2016 to allow for a proper transition, given the magnitude of the changes. [7/7/15]
- Serious Concerns Over Proposed FASB Credit Impairment Rule
CUNA has serious concerns about the FASBâs credit impairment proposal and its impact on credit unions. The proposed change, which would require credit unions to use a current expected loss model for all financial assets and liabilities, would likely cause most credit unions to have to significantly increase their loss reserve accounts. [7/1/15]
- CUNA Hires New Strategic Communications Officer
CUNA has hired Douglas Kiker to serve as its chief strategic communications officer. Kiker, a former consultant in the strategic corporate communications field, will report directly to CEO Jim Nussle and will be responsible for developing and implementing media and other corporate communications. [6/30/15]
- NAFCU, CUNA at Odds Over âStop and Studyâ Bill
While both trade associations believe that RBC2 is an improvement over the original RBC proposed rule, NAFCU has thrown in its support behind a Congressional bill, known as the âstop and studyâ bill, which would require NCUA to reevaluate the merits of RBC2 and justify the agencyâs authority to impose the ruleâs directives before proceeding with a final rule. CUNA believes that the chance of legislative action is remote and  is questioning the costs involved in having the agency reevaluate the proposal. [6/25/15]
- CUNA Seeks Clarity on TRID Discrepancy
In a letter to the CFPB, CUNA has asked for a clarification regarding a discrepancy in the TILA RESPA Small Entity Compliance Guide, which states that the integrated disclosure requirement does not apply to an entity that makes five or fewer mortgage loans in a calendar year. [6/22/15]
- “A Step in the Right Direction” from New MBL Rule
That's what CUNA has to say about a proposed member-business lending (MBL) rule from the NCUA that moves to a principles-based approach. The rules would remove guarantee requirements, eliminate the need for waivers, and more. [6/19/15]
- NCUA Charged with Careful Consideration in Risk-based Capital Rule
The House Appropriations Committee has adopted language by voice vote which reflects concerns of CUNA and credit unions regarding the NCUA's continuing work to issues a risk-based capital (RBC) regime for credit unions. [6/18/15]
