America’s Credit Unions Press Archives

CUNA announces new online community for credit union boards

WASHINGTON, DC (September 14, 2018) — To provide credit union board and supervisory committee members an opportunity to communicate, collaborate and share useful information with their peers, CUNA announced a new online community for credit union board members. The community is available to CUNA member ...

CUNA affirms consumer impact on two bills up for HFSC markup

WASHINGTON, DC (September 13, 2018) — The House Financial Services Committee will markup two important measures tomorrow. Credit Union National Association (CUNA) sent a letter to Chairman Hensarling and Ranking Member Waters to prompt consideration of how these policies impact America’s credit unions. H....

Credit unions echo data security issue; call for clear guidance from BCFP

WASHINGTON, DC (September 12, 2018) — Today Credit Union National Association (CUNA) sent letters to the House of Representatives. The Consumer Information Notification Requirement Act (H.R. 6743): Rep. Luetkemeyer’s data security bill would update notification requirements for credit unions and other financial entities. ...

Contribution builds upon growing industry support for initiative

WASHINGTON, DC (September 11, 2018) — CUNA Mutual Group and Credit Union National Association (“CUNA”) today announced that CUNA Mutual Group has made a $1 million commitment for 2018 to the groundbreaking, research-based effort being led by CUNA to grow consumer awareness and consideration of ...

BCFP mobilizes Credit Union Advisory Council following prompts from CUNA

WASHINGTON, DC (September 10, 2018) — The Bureau of Consumer Financial Protection (BCFP) announced new members for its reconstituted Credit Union Advisory Council (CUAC). All seven of the selected CUAC members currently serve as Credit Union National Association’s (CUNA) member credit unions. “We are ...

Data breach notification bill prompts changes; syncs with CUNA principles

WASHINGTON, DC (September 10, 2018) — Rep. Blaine Luetkemeyer (R-Mo.) and the House Financial Services Committee (HSFC) formally introduced new data breach notification legislation for financial institutions on Friday. The bill includes consistent with notification principles aligned with the Credit Union National Association (CUNA). “This ...

Trade groups drive GSE reform discussion ahead of hearing

WASHINGTON, DC (September 6, 2018) — Credit Union National Association (CUNA), alongside a diverse set of trade groups, is urging policymakers to fasten recent Government-Sponsored Enterprise (GSE) reforms to preserve access and affordability for consumers. A letter for the record was sent to the Administration ...

CUNA submits comments on RBC proposal

WASHINGTON, DC (August 30, 2018) — The National Credit Union Administration (NCUA) Board unanimously issued its proposed Risk-Based Capital (RBC) rule at its August meeting. Comments on the RBC Supplemental Proposal are due September 7 and today Credit Union National Association (CUNA) submitted a comment ...

CUNA calls for Mortgage Choice Act inclusion in FSGG bill

WASHINGTON, DC (August 29, 2018) — CUNA joined other trade organizations this week to call on Senate leadership to ensure regulatory relief language remains in the conference committee version of the 2019 financial services and general government appropriations bill. CUNA called for the bill to ...

Credit unions support candidates in August 28 primary election

WASHINGTON, DC (August 28, 2018) — Primary elections continue today in Arizona and Florida with voters also casting their ballots in the Oklahoma runoff. Credit Union National Association (CUNA), League partners and the Credit Union Legislative Action Council (CULAC), are supporting several candidates in these ...

Registration opens for 2018 Compliance Management System eSchool

WASHINGTON, DC (August 23, 2018) — CUNA has opened registration for its CUNA Compliance Management System eSchool. The eSchool is designed to provide instruction on best-practices for credit unions constructing or updating their Compliance Management Systems (CMS). “Compliance management systems came into focus after the ...

Kraninger approved by Senate as BCFP director

WASHINGTON, DC (August 23, 2018) — The Senate Banking committee voted in favor of Kathy Kraninger to become the permanent director of the Bureau of Consumer Financial Protection (BCFP). Kraninger, who currently serves in the Office of Management and Budget, was nominated by President Donald ...

Member credit union owners are best represented by CUNA; Ballast finds

WASHINGTON, DC (August 22, 2018) — In a year when financial services associations faced declines in their reputation, Credit Union National Association (CUNA) and League partners increased its effectiveness in Washington. According to an independent study conducted by Ballast Research (formally National Journal Research), CUNA ...