Comment Letter Writing

Writing an effective comment letter is a critical part of your advocacy efforts. NJCUL encourages credit unions to submit comment letters on proposed regulations because you have a right to have your voice heard. Telling the credit union’s and your members’ ‘story’ of how new or proposed regulations will impact you, positively and/or negatively, is the best way to tell your regulator, or the proposing agency, in terms they can use to come to a thoughtful decision when adjusting or finalizing a rule.

For tips on writing an effective, impactful comment letter, watch this video from NCUA. NJCUL works continuously to effectively advocate on your behalf and work to remove the regulatory barriers that impede your ability to serve your members. Have questions? Need guidance on interpreting proposed regulations? Need help putting your thoughts on paper? You can always contact NJCUL’s Vice President of Compliance and Regulatory Affairs, Nicola Foggie, at nfoggie@njcul.org. Thank you for being an important part of our advocacy efforts.

Issue Common Period Deadline Agency
Mortgage Servicing Rules under RESPA (Reg X) Nov. 15, 2017 CFPB
Mortgage Servicing Rules under TILA (Reg Z) Nov. 17, 2017 CFPB
Regulatory Reform Agenda Nov. 20, 2017 NCUA
Disclosure of Loan-Level HMDA Data Nov. 24, 2017 CFPB
NCUA Draft 2018-2022 Strategic Plan Dec. 4, 2017 NCUA
Accuracy of Advertising and Notice of Insured Status Dec. 4, 2017 NCUA
 
PowerComment

Visit www.powercomment.org to get started!

PowerComment is a powerful and valuable advocacy tool that lets you:

  • Review proposed rules and how they might affect your credit union’s operations and members.
  • Ask fellow credit unions or the Leagues questions related to proposed rules.
  • Write your own comment letter and immediately submit it to regulators.
  • View letters submitted by other PowerComment users and the Leagues.

If you have any questions about submitting comment letters or PowerComment please contact the League’s Vice President of Compliance and Regulatory Affairs, Nicola Foggie, at nfoggie@njcul.org or call 1-800-792-8861, Option 1.