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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. 

The Leagues have launched an RBC2-dedicated webpage, containing the latest updates, analysis, and communications about how RBC2 may impact your credit union.
Click here to access the Leagues’ RBC2 webpage.

During CEO roundtable discussions this summer, it was decided we must take a proactive approach regarding likely rulemaking by the Consumer Financial Protection Bureau (CFPB) on overdraft programs. Initiating the first step the Leagues conducted a survey in December 2014 to obtain information about credit unions’ overdraft and courtesy pay programs.

In January, California and Nevada credit union leaders met with the CFPB Assistant Director of Financial Institutions Dan Smith to share the survey results with the bureau and discuss concerns regarding the possible regulation of overdraft plans by the CFPB.

Click here for more information about the overdraft survey and to access the survey results (accessible to League members only).

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:

  • 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

Debbie Matz, Chairman of the National Credit Union Administration
updated 11/12/13 10:05 AM
Also, Fed Issues Payment Systems Paper
Credit union staff can get an inside look at National Credit Union Administration Board Chairman Debbie Matz in two 15-minute interviews posted on the Credit Union National Association's Inside Exchange webpage, hosted by Paul Gentile, executive vice president of communications for CUNA.

Matz discusses several important regulatory issues, including NCUA's regulatory modernization initiative, a proposed stress-test rule, the status of the agency's CUSO rule, the drafting of a risk-based capital rule, and what credit unions can expect from NCUA in 2014.

Click here to view the first interview, and click here for the second interview.

Fed Issues Payment Consultation Paper
The Federal Reserve Banks recently issued a Payment System Improvement—Public Consultation Paper, which is designed to start a conversation and ultimately improve the U.S. payment system.

In the face of rapidly evolving technology, the Federal Reserve Banks are hoping to centrally coordinate the development of "open payment networks and/or broadly interoperable networks" by bringing together the payments industry and fostering coordination to drive payment system improvement.

The paper identifies eight key gaps and opportunities for improvement, as well as five desired outcomes. To solicit feedback, the Fed included a 21-question survey and is seeking comments by Dec. 13.

The California and Nevada Credit Union Leagues encourage credit unions to read the paper and share their concerns regarding payments, including what role, if any, the Federal Reserve Banks should play in helping to improve the payment system.

You can find the Leagues’ summary of the paper, questions to consider, and provide feedback to the Fed by using PowerComment!

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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.