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.
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.
An interactive online tool designed to empower credit unions to participate in the regulatory process.
PowerComment allows you to:
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.
|Federal Communications Commission||Petition to Exempt Time-Sensitive Informational Calls from TCPA Prior Consent Requirements||12/08/14|
|Consumer Financial Protection Bureau||CFPB Proposed Policy on No-Action Letters||12/15/14|
|Department of Defense (DOD)||DOD Proposed Rule re Military Lending Act||12/26/14|
|National Credit Union Administration||NCUA Proposed Interagency Flood Insurance Rule||12/29/14|
|National Credit Union Administration||NCUA Proposed Rule on Corporate Credit Unions||01/05/15|
|J. “Mark” McWatters, Board Member for the National Credit Union Administration (NCUA)|
The budget is set at nearly $280 million—an increase of $11.19 million. It is the eighth consecutive jump in year-to-year spending.