America’s Credit Unions Press Archives

CUNA outlines credit union priorities ahead of Tuesday’s Congressional hearings

WASHINGTON, DC (April 30, 2019) — Credit Union National Association sent setters for the record to House and Senate subcommittees to outline credit union priorities following today’s hearings on housing, payday lending, illegal robocalls, regulatory guidance and international development. House Financial Services Committee As ...

CFPB requests information on CUNA-requested remittance rule changes

WASHINGTON, DC (April 25, 2019) — Today the Consumer Financial Protection Bureau (CFPB) issued a request for information (RFI) on its Remittance Rule. Credit Union National Association (CUNA) has advocated that the CFPB substantially amend its remittances rule to make it more tailored to allow ...

CUNA and Wisconsin Credit Union League win in State Supreme Court decision

WASHINGTON, DC (April 24, 2019) — The Wisconsin Supreme Court ruled in favor of Credit Union National Association (CUNA) and the Wisconsin Credit Union League (WCUL) to uphold the organizations’ narrow interpretation of the Wisconsin Consumer Act (WCA). CUNA and WCUL filed a joint amicus ...

CFPB should delegate supervision of large credit unions to NCUA

WASHINGTON, DC (April 22, 2019) — Credit Union National Association (CUNA) today wrote to the Consumer Financial Protection Bureau (CFPB) urging Director Kathy Kraninger to delegate the supervision of credit unions over $10 billion in assets to the National Credit Union Administration (NCUA). Currently, only ...

CUNA Current Expected Credit Loss (CECL) training returning in 2019

WASHINGTON, DC (April 19, 2019) — Registration is now live for the CUNA Current Expected Credit Loss (CECL) School, a live training event designed to prepare credit unions for the new Current Expected Credit Loss (CECL) standard going into effect December 15, 2021. “The content ...

CUNA President/CEO addresses Australian Credit Unions

WASHINGTON, DC (April 11, 2019) — Credit Union National Association (CUNA) President and CEO Jim Nussle addressed global credit union peers during World Council of Credit Unions’ Australian Credit Union Study Trip. His keynote address at a CEO/Director meeting focused on CUNA’s efforts ...

Proposed bill would exempt loans to veterans from MBL cap

WASHINGTON, DC (April 10, 2019) — Reps. Vicente Gonzalez (D-Texas), Tulsi Gabbard (D-Hawaii), Paul Cook (R-Calif.) and Don Young (R-Ark.) introduced a bill today that would exempt loans made to veterans from counting against credit union’s member business lending (MBL) cap. The bill would ...

CUNA addresses credit union priorities for federal agency budget hearings

WASHINGTON, DC (April 10, 2019) — Congressional activity is on the rise this week as Credit Union National Association (CUNA) spotlights advocacy priorities for America’s 115 million credit union members in three appropriations letters and one resolution letter. Several House Appropriations subcommittees held hearings ...

Credit unions welcome Hood as NCUA Board Chairman

WASHINGTON, DC (April 9, 2019) — Rodney Hood and Todd Harper were today sworn in as new board members of the National Credit Union Administration (NCUA). For the first time since 2016, the board is comprised of a full, three-person lineup. President Donald J. Trump ...

New asset/liability management eSchool available for credit unions

WASHINGTON, DC (April 5, 2019) — Professionals from credit unions nationwide are now able to register for the new CUNA Asset/Liability Management (ALM) eSchool, designed to prepare attendees to guide their credit union’s risk management strategy. “ALM isn’t a trend that’s ...