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.
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
CFPB'S NEW CREDIT SCORE DISCLOSURES
03/10/14 05:25 PM
Also, Risk-Based Capital Webinar
The Consumer Financial Protection Bureau (CFPB) recently released a report
regarding consumer complaints about credit reporting companies, which shows that 73 percent of credit reporting complaints are about incorrect information on a credit report, while 11 percent are about the dispute investigation process.
This led the CFPB to issue CFPB Bulletin 2014-01, reminding furnishers of their obligation under the Fair Credit Reporting Act (FCRA) to investigate disputed information in a consumer report.
Click to view the complete story
The Leagues write letters in response to proposed legislation and regulations that affect your credit union’s ability to serve members.