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The Leagues

California & Nevada

Regulatory Advocacy

Working Together to Reduce Regulatory Burdens
Regulatory Advocacy brings the voice of credit unions to federal and state regulators. Our Regulatory Advocacy staff is committed to establishing and maintaining effective working relationships with regulators to ensure credit unions’ issues and concerns are heard.

The Regulatory Advocacy area keeps you informed of the latest proposed rules and regulations, their potential impact on credit unions, and provides comments to regulatory agencies to help shape regulations and lessen the compliance burden. 

Overdrafts Survey

We URGENTLY need ALL credit unions to participate in an extremely important survey.

The Leagues are conducting a survey to obtain information about credit unions’ overdraft and courtesy pay programs. The survey results will be shared with the CFPB and provide them with fact based information to help inform their rulemaking and prove what we know to be true, credit unions are the best choice for consumers.

The survey was sent on Monday, November 3, 2014 to all member CEOs whose credit unions offer checking accounts. Please look for your email and complete the survey by Friday, November 21, 2014.

Click here for more information about the survey.

Click here for blank pdf copy of the survey. You can use this copy to review the questions and compile your responses.

Integrated Mortgage Disclosures – Resources Available

Your League, CUNA, and the CFPB want to ensure you have the necessary information and resources to successfully implement the CFPB’s rule on Integrated Mortgage Disclosures under RESPA/TILA. The rule is effective Aug. 1, 2015.

In addition, we want to hear from you about any issues that may conflict with or impede implementation of the new disclosures, particularly after you have discussed implementation with your vendors and settlement service providers. Will they be ready?

Click here for information about the Integrated Mortgage Disclosures rule, the resources available to you, and a request for feedback.

 

PowerComment

An interactive online tool designed to empower credit unions to participate in the regulatory process.

PowerComment allows you to:

  • Find up-to-date and easily digestible information on proposed compliance rules. This feature provides a summary of pending regulations to help you identify potential operational, financial, and member service impacts of proposed rules.
  • Participate in deeper discussions to increase your understanding of proposed regulatory rules. Ask fellow PowerComment users or League staff questions related to current proposed rules.
  • Write a comment letter to regulators. Convey your thoughts, opinions, and concerns regarding proposed rules. Whether your comments support or oppose a proposed rule – let the regulators know.

Educate yourself on proposed rules and regulations that affect your credit union and take the opportunity to comment! Visit www.powercomment.org to get started today.

From the Editors of CU Weekly

J. “Mark” McWatters, Board Member for the National Credit Union Administration (NCUA)
SUPP. CAPITAL FOR RBC GAINS ADVOCATE
updated 12/16/14 11:04 AM
McWatters Supports Model for CUs
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters recently said he supports including a supplemental capital provision in the agency's risk-based capital (RBC) rule to help credit unions meet the rule’s requirements.

The California and Nevada Credit Union Leagues are pleased with this news, said Sharon Lindeman, vice president of regulatory advocacy for the Leagues.

Click to view the complete story

 
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Archive of Past Comment Letters

The Leagues write letters in response to proposed legislation and regulations that affect your credit union’s ability to serve members.