CUNA Press Archives

NCUA should examine floating interest rate cap for FCU loans

WASHINGTON, DC (May 22, 2019) — Credit Union National Association (CUNA) requested National Credit Union Administration (NCUA) explore the idea of adopting a floating interest rate cap for federal credit union loans instead of its traditional fixed interest rate (currently 18%) in a letter to ...

OT proposal improved, but DOL should not create burdens for CUs

WASHINGTON, DC (May 22, 2019) — Credit Union National Association (CUNA) responded to the Department of Labor’s (DOL, Department) overtime regulation proposal under the Fair Labor Standards Act (FLSA). CUNA urges the DOL to further consider how the current proposal would create excessive costs ...

CUNA welcomes Chris Lorence as Chief Credit Union Awareness Officer

WASHINGTON, DC (May 22, 2019) — The Credit Union National Association (CUNA) announced today the appointment of Chris Lorence as Chief Credit Union Awareness Officer. Lorence will lead CUNA’s Awareness initiative, Open Your Eyes to a Credit Union®, a digital-first marketing campaign that will ...

CUNA voices major concerns over FCC ruling on robocalls

WASHINGTON, DC (May 22, 2019) — The Federal Communication Commission (FCC or the Commission) is scheduled to consider its draft Declaratory Ruling (the Ruling) and third Further Notice of Proposed Rulemaking (FNPR) at an upcoming opening meeting on June 6. Credit Union National Association (CUNA) ...

CUNA writes Fed to lift cap on Reg D savings account transfer limit

WASHINGTON, DC (May 13, 2019) — The Credit Union National Association (CUNA) today wrote the Board of Governors of the Federal Reserve System to share concerns regarding the Board’s current limit of six transfers per month from a savings account, as outlined in Regulation ...

Waters, HFSC passes bill to index CTR thresholds for inflation

WASHINGTON, DC (May 9, 2019) — The House Financial Services Committee (HFSC) today approved H.R. 2514, the “Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform (COUNTER) Act of 2019,” which includes Bank Secrecy Act/Anti-Money Laundering (BSA/AML) relief for credit unions. Representative ...

CUNA Seeks Stronger Requirements for PACE Loans

WASHINGTON, DC (May 7, 2019) — Credit Union National Association (CUNA) wrote to the Consumer Financial Protection Bureau (CFPB) seeking stronger requirements for Residential Property Assessed Clean Energy (PACE) loans. The letter was sent in response to the Bureau's Advance Notice of Proposed Rulemaking (ANPR) ...

CUNA to host third annual Young Professionals Advocacy Training

WASHINGTON, DC (May 7, 2019) — Credit Union National Association (CUNA) will host their third annual Young Professionals Advocacy Training in September. This full-day program teaches attendees the benefits of advocacy, how to build strong relationships with their Members of Congress, and best practices for ...

Jim Nussle statement on CFPB proposed changes to HMDA rules

WASHINGTON, DC (May 2, 2019) — Today Credit Union National Association (CUNA) President/CEO Jim Nussle released the following statement after the Consumer Financial Protection Bureau (CFPB) issued a proposed rule on HMDA’s data reporting requirements that would clarify partial exemptions from certain Home ...