Legislative & Political News

Congressional Committees to Review Cybersecurity, Risks

Two Congressional Committees will consider cybersecurity this week. On Tuesday, the Senate Homeland Security and Governmental Affairs Committee will hold a hearing to consider how to mitigate America's cybersecurity risk. Witnesses include representatives from the U.S. Department of Homeland Security, the Government Accountability Office and Harvard University. Wednesday, the Senate Small Business and Entrepreneurship Committee will hold a hearing on preparing small businesses for cybersecurity success. Witnesses scheduled for that hearing are all from the private sector.

in Legislative & Political News
Assemblyman Green Passes

Assemblyman Gerald “Jerry” B. Green (D-22) has died at age 79.

in Legislative & Political News
Taxpayer Protection, IRS Transparency Bills Pass House

The U.S. House voted to advance two, tax-related bills Wednesday, part of a group of bipartisan bills passed earlier by the House Ways and Means Committee. The bills are designed to protect taxpayers and improve accountability at the Internal Revenue Service (IRS).

in Legislative & Political News
CUNA Seeks Prompt Robocall Action in Letter to Senate Committee

It is important to distinguish between robocalls and legitimate businesses seeking to communicate with their customers, CUNA and other organizations wrote to Senate Commerce Committee leadership. The letter was sent for the record for the committee’s Wednesday hearing on robocalls.

in Legislative & Political News
Senate OKs CU-backed Disapproval of CFPB Lending Bulletin

The U.S. Senate approved its resolution of disapproval for the Consumer Financial Protection Bureau’s (CFPB) indirect auto lending bulletin Wednesday. CUNA wrote a letter of support for the resolution Tuesday, which would void the bulletin using the Congressional Review Act (CRA).

in Legislative & Political News
CUNA Backs Senate Use of CRA for CFPB Lending Bulletin

WASHINGTON – CUNA backed a Senate joint resolution providing for congressional disapproval of the Consumer Financial Protection Bureau’s (CFPB) indirect auto lending bulletin Tuesday. The Senate is expected to vote on the resolution, which would void the 2013 bulletin under the Congressional Review Act (CRA) in the coming days.

in Legislative & Political News
House Passes E-Filing, Child ID Theft Protection Bills

WASHINGTON – The House passed two, tax-related bills Tuesday; one adds new requirements for organizations regarding electronic filing of tax returns, the other would help protect children from having their identities stolen.

in Legislative & Political News
Two Nominations to Fed Board Vacancies Announced

President Donald Trump announced that he will nominate two people to the Federal Reserve Board – Columbia University economist Richard Clarida and Kansas State Bank Commissioner Michelle Bowman. Clarida will be nominated as vice chairman of the board, and Bowman will fill the board's seat designated for a community banker or regulator of community banks.

in Legislative & Political News
CUNA Engaged with Robocall Hearings, House Tax Bills this Week

With both the House and Senate in Washington, D.C. this week, CUNA will be engaged with a pair of hearings on robocalls, as well as tax-related bills that will be considered on the House floor. CUNA is particularly interested in the robocall hearings as it is part of the ongoing effort to secure relief for credit unions under the Telephone Consumer Protection Act.

in Legislative & Political News
CFPB CUAC Applications Open through April 23

The Consumer Financial Protection Bureau (CFPB) is seeking applicants for its Credit Union Advisory Council (CUAC), which advises the Bureau on the credit union industry.

in Legislative & Political News
UEZ Extension Legislation Heads to Governor's Desk

Legislation (S846) to reinstate and extend the state’s urban enterprise zones (UEZ) was approved by both house of the Legislature on Thursday and has been sent to Gov. Phil Murphy for his consideration.

in Legislative & Political News
Bob Gordon Gets Confirmed for BPU Seat

Former state Sen. Bob Gordon (D-38)’s nomination to become a commissioner of the NJ Board of Public Utilities (BPU) was confirmed Thursday by the state Senate.

in Legislative & Political News
Latest CFPB RFI Seeks Consumer Complaint Information

The Consumer Financial Protection Bureau's (CFPB) latest request for information (RFI) seeks feedback on its handling of consumer complaints and inquiries. This is the 12th in a series of RFIs announced as part of Acting Director Mick Mulvaney’s call for evidence to ensure the Bureau is fulfilling its proper and appropriate functions.

in Legislative & Political News
Credit Union CFPB Changes Outlined for Senate Banking Committee

Credit unions’ member-centric focus means that they approach consumer regulation differently than other market participants, CUNA President/CEO Jim Nussle wrote to the Senate Banking Committee Wednesday.

in Legislative & Political News
Joint Insurance Fund Investment Measure Gets Final Legislative Approval, Amended to Include Credit Unions

Bi-partisan legislation (A3122; S871) that authorizes certain joint insurance funds (JIFs) to invest in various bonds, notes, and other obligations and to form joint cash management and investment programs received final legislative approval Thursday and now heads to Gov. Phil Murphy for his consideration.

The legislation was amended at the NJ Credit Union League’s request to include federally-insured credit unions. 

in Legislative & Political News
Mulvaney’s House and Senate Testimony Includes Discussion of CU Priorities

Credit union issues were discussed during Consumer Financial Protection Bureau (CFPB) Acting Director Mick Mulvaney’s appearances this week before the House Financial Services Committee on Wednesday and the Senate Banking Committee on Thursday. A copy of his written testimony is available here.

CUNA sent letters for the record outlining these issues and its vision for the future of the bureau.

in Legislative & Political News
Governor Murphy to Sign Pay Equity Legislation

Gov. Phil Murphy said this week that he intends to sign legislation intended to strengthen the state’s pay-equity law which passed both houses of the state Legislature by overwhelmingly majorities on March 26.

in Legislative & Political News
Treasury Invites CUs to Cybersecurity Roundtable Discussion

The Treasury’s Office of Critical Infrastructure Protection and Compliance Policy will host a roundtable on the information security risks posed to small financial institutions on May 7. The Treasury is inviting credit unions to attend this discussion.

in Legislative & Political News
Joint Insurance Fund Investment Legislation Slated for Assembly and Senate Votes Thursday, Bills Amended to Include Credit Unions

Legislation (A2133; S871) that authorizes certain joint insurance funds (JIFs) to invest in various bonds, notes, and other obligations and to form joint cash management and investment programs is scheduled for floor votes in both the Assembly and Senate on Thursday.

The bills were amended at the New Jersey Credit Union League’s request to include federally-insured credit unions. 

in Legislative & Political News
CUNA’s Schenk Touts S. 2155 Benefits for Consumer Credit

Regulatory burdens are impeding consumer access to credit, CUNA Vice President of Research and Policy Analysis Mike Schenk told the Washington Examiner this week when discussing the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S.2155). The bill, passed by the Senate in March, is strongly supported by CUNA and the state leagues for the numerous regulatory relief provisions it contains.

in Legislative & Political News
CFPB Issues, CU Improvements Highlighted for House Financial Services Hearing

Credit unions are the original consumer protectors, CUNA President/CEO Jim Nussle wrote to the House Financial Services Committee Monday, but Consumer Financial Protection Bureau (CFPB) actions are harming them, and the members they serve. CUNA sent its letter for the record of the committee’s hearing which will feature the first testimony from CFPB Acting Director Mick Mulvaney in that role.

in Legislative & Political News
CUNA, Trades Back Bipartisan CFPB Commission Legislation

CUNA joined more than 20 financial services trade organizations, including NAFCU and the major banking associations, Monday to support legislation to replace the Consumer Financial Protection Bureau’s (CFPB) single director with a bipartisan, five-member commission. The Financial Product Safety Commission Act of 2018 (H.R. 5266) was introduced in March by Reps. Dennis Ross (R-Fla.), David Scott (D-Ga.), Kyrsten Sinema (D-Ariz.) and Ann Wagner (R-Mo.).

in Legislative & Political News
Sen. Gordon Nominated for BPU Seat

Gov. Phil Murphy has nominated Sen. Bob Gordon (D-38) to become a commissioner of the NJ Board of Public Utilities. The nomination must be confirmed by the state Senate.

in Legislative & Political News
House Must Pass S. 2155, Nussle Writes in Op-Ed

Regulatory relief for credit unions cannot wait, CUNA President/CEO Jim Nussle wrote an op-ed to Congress in American Banker Friday. The Senate passed the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) in March, and CUNA, leagues and credit unions around the country are urging the House to take up and pass the bill.

in Legislative & Political News
Congress Returns, Mulvaney to Testify and Regulatory Relief Efforts Continue

Congress is back in session this week and both the House and Senate will hear testimony from CFPB Acting Director Mick Mulvaney as he delivers the bureau's semiannual report, and CUNA and the state leagues are continuing their regulatory relief efforts.

in Legislative & Political News
Frivolous Texas ADA Suit Dismissed Days After CUNA/League Brief

A lawsuit against a Texas credit union was voluntarily dismissed by the plaintiff this week, only days after CUNA and the Cornerstone Credit Union League filed an amicus brief in defense of Local 20 IBEW FCU of Grand Prairie, Texas.

in Legislative & Political News
CRA Recommendations Do Not Include CUs

Credit unions are not included in a Treasury report released Tuesday on recommendations to reform and modernize the Community Reinvestment Act (CRA). The CRA applies to financial institutions insured by the Federal Deposit Insurance Corp.

in Legislative & Political News
Senator Gordon May be Heading to BPU

State Senator Robert Gordon (D-38) is rumored to be in line for appointment to the Board of Public Utilities (BPU).

in Legislative & Political News
Legislative District 32 Vacancy Filled, Hudson Democrats Select Pedro Mejia

Members of the Hudson County Democratic Committee representing the 32nd Legislative District voted last Thursday to appoint Secaucus resident Pedro Mejia to fill the vacancy in the state Assembly created when former Assembly Speaker Vinnie Prieto (D-32) resigned to become president and CEO of the New Jersey Sports and Exposition Authority.

in Legislative & Political News
CUNA’s Dempsey Discusses ADA Lawsuits on Podcast

CUNA Senior Director of Advocacy and Counsel Leah Dempsey appeared on the Brownstein Client Conversations podcast Monday to discuss the state of frivolous lawsuits hitting credit unions due to uncertainty with how the Americans with Disabilities Act (ADA) applies to Web sites.

in Legislative & Political News
League Issues Call-to-Action to Encourage House Passage of S. 2155

The NJCUL issued a new call-to-action today to encourage House passage of the CUNA/League-backed, bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155). Passed by the Senate on March 14th, the bill is a major step forward for much-needed regulatory relief that includes some of the 15 provisions contained in the credit union-supported Financial CHOICE Act (H.R. 10), which was passed by the House last June.

in Legislative & Political News
Court Issues Mixed Decision on NCUA's FOM Rule

The U.S. District Court for the District of Columbia Thursday upheld two challenged portions of NCUA’s field of membership (FOM) rule and struck down two provisions in a lawsuit filed against the agency by the American Bankers Association (ABA). CUNA, NAFCU, and CUNA Mutual Group, in a joint statement, disagreed with the court's decision and reiterated their intent to continue to work in support of the agency's authority to issue this rule.

in Legislative & Political News
FEMA Pursuing Flood Insurance Reforms

FEMA officials have announced various reforms to the National Flood Insurance Program (NFIP) the agency will pursue this year in an attempt to reduce the program's growing debt.

in Legislative & Political News
FHFA Encouraged to Promote, Improve Housing Market

CUNA encouraged the Federal Housing Finance Administration (FHFA) Wednesday to continue to work towards finding the right balance between safety and soundness and credit availability for consumers. CUNA sent its letter in response to FHFA’s request for information on Fannie Mae and Freddie Mac credit score requirements.

in Legislative & Political News
League Pens Regulatory Relief Letter to House Delegation as Call-to-Action Continues

With lawmakers working in their home districts through next week and less distracted by other Capitol Hill issues, the time is particularly well-suited for credit unions to continue the push for regulatory relief with U.S. House members. The NJCUL Wednesday wrote the delegation to encourage their support for the regulatory relief bill passed earlier this month by the U.S. Senate, and credit union advocates are encouraged to contact their respective House member.

in Legislative & Political News
CUNA and LSCU Defend Alabama CU in New ADA Suit

WASHINGTON – Credit Union National Association and the League of Southeastern Credit Unions and Affiliates filed another amicus brief in the U.S. District Court for the Southern District of Alabama defending Naheola Credit Union, which was hit with a lawsuit alleging violations of the Americans with Disabilities Act (ADA).

in Legislative & Political News
Pay Equity Passes Legislature, Sent to Governor

Legislation intended to assure equal pay for equal work passed both houses of the state Legislature Monday, and was sent to Gov. Phil Murphy, who is expected to sign it into law.

in Legislative & Political News
Streamlined CDFI Qualification Round Ends April 6

Credit unions have less than two weeks remaining to submit applications to become a certified community development financial institution (CDFI) through the NCUA's streamlined application process. The streamlined process ends April 6. NCUA’s CDFI program and Application guide is available here.

in Legislative & Political News
Wisconsin League Calls on Speaker Ryan to Pass Senate Regulatory Reform Bill, Nationwide Call-to-Action Continues

The Wisconsin Credit Union league teamed up with the Wisconsin Bankers Association to urge Speaker of the House Paul Ryan (R-WI) to take up and pass the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155). The bipartisan regulatory relief bill, which passed the Senate on March 14, is strongly supported by CUNA and the state league system.

in Legislative & Political News
Congress passes omnibus spending bill with CUNA, CU priorities

Congress passed the fiscal year 2018 omnibus bill Thursday, and President Donald Trump is expected to sign the bill Friday to avoid a government shut down. The bill, released Wednesday, contains many wins for credit unions.

in Legislative & Political News
CU Supporter Hyde-Smith to Replace Senator Cochran April 1

Mississippi Gov. Phil Bryant named state Agriculture and Commerce Commissioner Cindy Hyde-Smith to fill the seat vacated by Sen. Thad Cochran (R-Miss.). Cochran, chair of the Senate Appropriations Committee, announced he will retire effective April 1.

in Legislative & Political News
CUNA, LSCU File Brief Supporting CU Facing Frivolous ADA Suit

CUNA and the League of Southeastern Credit Unions and Affiliates (LSCU) filed a brief Tuesday in support of a credit union facing a predatory lawsuit alleging noncompliance with the Americans with Disabilities Act (ADA). The brief was filed in Scott v. The Infirmary FCU in the U.S. District Court for the Southern District of Alabama.

in Legislative & Political News
CUNA Engaged with Government Funding Bill, Hearings This Week

CUNA will be engaged this week with the forthcoming omnibus bill to fund the government for fiscal year 2018, as well as several hearings on Capitol Hill. CUNA will also continue its strong support of the bipartisan regulatory relief bill S. 2155 after it passed the Senate last week.

in Legislative & Political News
CUs use MAP to Activate Members in Support of S. 2155

As the Senate spent more than a week debating its bipartisan regulatory relief bill S. 2155, CUNA credit unions used the Member Activation Program (MAP) to activate their members in support of the common-sense regulation bill. As attention now pivots to the House, CUNA Chief Political Officer Richard Gose reminded credit unions that MAP can be a resource for garnering support.

in Legislative & Political News
Federal Appeals Court Voids DOL’s Fiduciary Rule

A federal appeals court voided the Department of Labor’s fiduciary rule Thursday, a rule CUNA believes would have created additional compliance burdens for credit unions. The Fifth Circuit Court of Appeals ruled 2-1 that the rule was an arbitrary exercise of administrative power.

in Legislative & Political News
Appeals Court Overturns Parts of TCPA Rule

The D.C. Court of Appeals overturned the Federal Communications Commission’s (FCC) definition of an autodialer and vacated the FCC’s reassigned number approach in a lawsuit brought against the Telephone Consumer Protection Act (TCPA). CUNA filed an amicus brief in the case, and has expressed numerous concerns about the TCPA’s negative effects on credit union-member communication.

in Legislative & Political News
House Passes Exam Fairness Bill, Yet Another Regulatory Relief Win for CUs this Week

The House voted Thursday 283-133 in favor of the CUNA/League-backed Financial Institutions Examination Fairness and Reform Act (H.R. 4545). House Financial Services Committee member Rep. Josh Gottheimer (D-5) is a co-sponsor of the bill. Committee member and bill sponsor Rep. Scott Tipton (R-CO) cited CUNA’s examination survey when discussing the bill during the mark-up in December.

in Legislative & Political News
CUNA Attends FOM Rule Lawsuit Hearing

Senior CUNA staff attended a hearing on the motions for summary judgement in the lawsuit against NCUA’s field-of-membership (FOM) rule Wednesday in the U.S. District Court for the District of Columbia. CUNA strongly supports NCUA’s FOM rule and filed a joint brief supporting the rule in June 2017.

in Legislative & Political News
Senate Passes Regulatory Relief Bill 67-31, Major Win for CUs

The U.S. Senate passed the CUNA/League-backed, bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) Wednesday, in a strong step forward for much-needed regulatory relief. CUNA and the state leagues strongly supported the bill, and their grassroots campaign resulted in millions of social media impressions and more than 50,000 messages sent to Senate offices.

in Legislative & Political News
World Council Stresses CU Difference for Treatment of Sovereign Exposures

The World Council of Credit Unions this week wrote to the Basel Committee on Banking Supervision regarding the regulatory capital treatment of investments in government-guaranteed debt. The Basel Committee is the primary global standard setter for the prudential regulation on banks and other depository institutions.

in Legislative & Political News
CFPB Commission Bill Introduced in House

Bipartisan legislation (H.R. 5266) that would change the structure of the CFPB from a single director to a bipartisan commission was introduced in the U.S. House Wednesday.

in Legislative & Political News
Regulatory Relief Bill Poised for Senate Passage, Call-to-Action Continues

The CUNA/League-backed Senate regulatory relief bill, the Economic Growth, Regulatory Reform and Consumer Protection Act (S. 2155), is being readied for final Senate passage this week and the House is already identifying bipartisan relief measures it may want to add to the bill before a House vote.

in Legislative & Political News
Freddie Mac Strikes Deal to Save Borrowers Money on Mortgage Insurance

Freddie Mac has announced a new deal that will allow it to transfer mortgage-credit risk to the private market. The government-sponsored enterprise (GSE) said the structure would reduce costs to borrowers, as it would remove some costs that normally are included in insurance prices.

in Legislative & Political News
Gov. Murphy to Unveil First Budget

Gov. Phil Murphy is set to address a joint session of the Legislature this afternoon to deliver his first budget address since assuming office.

in Legislative & Political News
Nussle Talks Need for Regulatory Reforms in S. 2155 on CNBC’s Squawk Box

"The Senate’s bipartisan regulatory relief bill is a chance to walk back many of the one-size-fits-all regulations coming in the wake of Dodd-Frank," CUNA President/CEO Jim Nussle said on CNBC’s Squawk Box Monday morning. Nussle spoke with host Becky Quick about the bill, what it does and what it doesn’t do.

in Legislative & Political News
Regulatory Relief on Senate and House Schedules this Week

Both the House and Senate are in Washington this week with a special focus on regulatory relief. The Senate is expected to resume discussions today on the credit union-backed Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) and have procedural and possibly amendment votes this evening. The House is also set to tackle a series of regulatory relief bills.

in Legislative & Political News
Regulatory Reform Grassroots Campaign Generates 45K emails, Millions of Social Impressions as Call-to-Action Continues and Floor Vote Nears

CUNA and the state leagues’ grassroots advocacy in support of the Senate’s bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) led to more than 45,000 emails sent to Senators last week and millions of social media impressions. The Senate debated the measure throughout the week, and is expected to resume discussions Monday, with a final vote on passage potentially coming this week as well.

in Legislative & Political News
Salary Inquiry Prohibition Gets Senate Committee Approval

Legislation (S-559) that would prohibit any employer from seeking information on the wage or salary history of a prospective employee was approved on a party-line vote in the state Senate Labor Committee this week. Requiring the information as part of the interview process is also prohibited under the legislation, and an employer may only confirm the wage or salary history information after making a job offer to the prospective employee. The legislation is sponsored by Senator Nia Gill (D-34) and Senate Majority Loretta Weinberg (D-37).

in Legislative & Political News
CFPB’s Latest RFI Seeks Info on Rulemaking Processes

The Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) this week about the Bureau’s rulemaking processes. Specifically, the Bureau is seeking comments and information from interested parties to help assess the overall efficiency and effectiveness of its rulemaking processes.

in Legislative & Political News
Bylaws ANPR on NCUA’s March 15 Agenda

The NCUA board will discuss an advanced notice proposed rulemaking (ANPR) and issue a request for comment at its March 15 open board meeting. The agency also rescheduled its closed board meeting to Wednesday, March 14.

in Legislative & Political News
CUNA, Leagues Urge CUs to Continue Grassroots Push as Senate Regulatory Relief Vote Nears

Senate debate on the CUNA/League-backed, bipartisan regulatory relief bill, the Economic Growth, Regulatory Reform and Consumer Protection Act (S. 2155), has concluded for the week, with Senate Majority Leader Mitch McConnell filing cloture on a substitute amendment filed by bill co-sponsor Sen. Mike Crapo (R-Idaho). The Senate stands adjourned until 4 p.m. Monday, and at 5:30 p.m. it will vote on the motion to invoke cloture on the substitute amendment.

in Legislative & Political News
NJCUL CEO Frankil S. 2155 Op-Ed Sent to NJ Media, Picked Up by Township Journal and Sparta Independent

HIGHTSTOWN, N.J. – NJCUL President/CEO David Frankil recently penned an op-ed urging Senator Bob Menendez and Senator Cory Booker to help New Jersey grow and support S. 2155m The Economic Growth, Regulatory Relief, and Consumer Protection Act, when it comes up for a vote. The op-ed piece has been picked up by the Township Journal and Sparta Independent.

in Legislative & Political News
CUNA Cites Reg Burden Study in Letter to Small Biz Committee

CUNA President/CEO Jim Nussle highlighted how the current regulatory environment favors the largest banks in a letter to House Small Business Committee leadership Wednesday. The letter was sent for the record of the committee’s hearing on regulatory reform and its effect on small businesses.

in Legislative & Political News
CUNA Urges Continued Focus on Data Breach Legislation

CUNA wrote to House Financial Services subcommittee on financial institutions and consumer credit Wednesday to reiterate the need for data breach legislation containing several important principles. Kim Sponem, president/CEO of Summit CU, Madison, Wis., testified before the subcommittee on the same topic last month, and subcommittee chairman Rep. Blaine Luetkemeyer (R-Mo.) released draft legislation consistent with CUNA’s principles two days later. 

in Legislative & Political News
Tax Parity for State Charter CUs Introduced in Assembly

Legislation that would give New Jersey state charted credit unions tax parity with their federally chartered counterparts has been introduced in the state Assembly by Asm’s Raj Mukherji (D-33) and John McKeon (D-27). McKeon chairs the Assembly Financial Institutions & Insurance Committee.

in Legislative & Political News
CUNA Continues Ad Campaign in Support of Senate Regulatory Relief Bill

CUNA continues its advertising campaign to thank lawmakers and urge support for the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) as the Senate begins its consideration of the regulatory relief bill aimed at helping small financial institutions on Main Street.

in Legislative & Political News
Another ADA Lawsuit Dismissed, Plaintiff Lacked Standing

A federal district court in Virginia found that the plaintiff did not have standing to sue ABNB Federal Credit Union under the Americans with Disabilities Act (ADA) because he was not eligible for membership and would likely not use the credit union's services. This is the second ADA Web site complaint against a Virginia credit union dismissed because the plaintiff lacked standing.

in Legislative & Political News
MacArthur Joins Congressional Amicus Brief in Support of CFPB Acting Director Mulvaney

Last week, 38 senators and 75 representatives filed an amicus, or friend of the court, brief in support of Acting Director Mulvaney and President Donald Trump's authority to designate an acting director of the Consumer Financial Protection Bureau (CFPB) under the Federal Vacancies Reform Act (FVRA).

in Legislative & Political News
Vote on Credit Union-backed Bills, Data Breach Hearing this Week

The House is scheduled to consider two credit union-backed regulatory relief bills this week, and CUNA is also engaged in several hearings on Capitol Hill. In addition, the nationwide call-to-action in support of the Senate regulatory relief bill, the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.1255), continues as a floor vote nears.

in Legislative & Political News
Summary Judgment Hearing for FOM Lawsuit Set for March 14

The U.S. District Court for the District of Columbia has scheduled a hearing on the summary judgment motions in the lawsuit against NCUA's field-of-membership rule for March 14.

in Legislative & Political News
Call-to-Action Issued as Vote Nears on Regulatory Relief Bill, CUs Urged to Contact their Senators Today

CUNA and the state leagues have issued a nationwide call-to-action urging credit union professionals, volunteers, and members to contact their Senators to tell them to vote "yes" on the Economic Growth, Regulatory Reform, and Consumer Protection Act (S. 2155). Senate Majority Leader Mitch McConnell filed cloture on the motion to proceed Thursday, indicating the Senate is preparing to take up the bill.

in Legislative & Political News
Texas ADA Suit Dismissed Eight Days After CUNA/league Brief

A frivolous lawsuit against Houston-based BCM Federal Credit Union was voluntarily dismissed with prejudice Thursday just eight days after CUNA and the Cornerstone Credit Union League filed a brief supporting BCM's motion to dismiss the case. Similar predatory lawsuits have detrimentally affected credit unions alleging non-compliance with the Americans with Disabilities Act. CUNA has engaged its 360-advocacy to find a solution in the legal, political and regulatory arenas.

in Legislative & Political News
CUs Push S. 2155, Data Breach, ADA Solutions on Capitol Hill

After wrapping up with Wednesday’s morning session at CUNA’s Governmental Affairs Conference, more then 5,200 credit union leaders in attendance headed to Capitol Hill for meetings with their legislators.

in Legislative & Political News
NJ Joins Annual GAC Hike-The-Hill, Discussions Included ADA and Taxi Medallion Issues

WASHINGTON – After wrapping up at the Wednesday morning session at CUNA’s Governmental Affairs Conference, leaders in attendance headed to Capitol Hill for meetings with their legislators. Nine professionals and volunteers from six New Jersey credit unions joined NJCUL President/CEO David Frankil and Vice President of Corporate & Governmental Affairs Chris Abeel in meetings with the offices of 13 of New Jersey’s 14-member delegation.

in Legislative & Political News
CUNA Pushes Back Against Retailer Data Breach Falsehoods

CUNA joined with other financial trade associations Tuesday to write to Congress to correct a number of falsehoods contained in a recent retailer communication to Congress on data breaches. Retailers are attempting to push back against strong national data security standards, despite a lack of such standards causing major data breaches that bring additional costs to credit unions.  

in Legislative & Political News
Congressman Gottheimer Visits with NJ CU Advocates at League’s GAC Dinner

WASHINGTON – The newest member of the state’s congressional delegation Rep. Josh Gottheimer (D-5) joined New Jersey credit union advocates at a New Jersey Credit Union League dinner in Washington, DC Tuesday evening. The dinner was held for NJCUL-member credit unions that are in Washington this week for CUNA’s Governmental Affairs Conference (GAC).

in Legislative & Political News
House Passes CUNA-Backed TRID Improvement Act

The House passed the CUNA-backed TRID Improvement Act of 2018 (H.R. 5078) Tuesday. The bill would amend the Real Estate Settlement Procedures Act to require the Consumer Financial Protection Bureau to allow the accurate disclosure of title insurance premiums and any potential available discounts to home buyers.

in Legislative & Political News
2018 CUNA GAC Kicks Off in DC

CUNA kicked off its 2018 Governmental Affairs Conference Sunday, and throughout the week several events will be live streamed on CUNA’s Facebook page for those not in attendance. More than 5,000 credit union leaders, including several from New Jersey credit unions and the New Jersey Credit Union League, are in our nation’s capital for this year's GAC.

in Legislative & Political News
Another ADA Lawsuit Dismissed

In another victory for credit unions facing litigation over unclear Web site requirements under the Americans with Disabilities Act (ADA), a federal district court in Virginia found that the plaintiff in the lawsuit did not have standing to sue the credit union because he was not eligible for membership and would not likely use the credit union's services.

in Legislative & Political News
Meet NJ’s Three Newest Assembly Members

With three Assembly members taking up new posts in the Murphy Administration, local party organizations picked individuals to fill the vacancies, and Trenton welcomed the three new lawmakers this month. Each will have to run in a special election in November in order to serve the remainder of the two-year term.

in Legislative & Political News
CFPB Seeks Feedback on External Bureau Engagements

The Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) Wednesday on the bureau’s external engagements. Specifically, the bureau is seeking comments and information from interested parties on ways to engage the public and receive feedback on the work of the agency.

in Legislative & Political News
CU Structure, Mission Detailed in Joint-Letter to Senator Finance Chairman Hatch

"Credit unions have been, and will continue to be, the best avenue for Americans to gain access to the financial system," CUNA and NAFCU wrote to Sen. Orrin Hatch (R-Utah) Wednesday. The letter was sent in response to a letter filled with credit union misrepresentations sent by Utah bankers to Hatch.

in Legislative & Political News
CUNA and Cornerstone Take Legal Action in Texas ADA Case

WASHINGTON – Credit Union National Association and Cornerstone Credit Union Association last night filed an amicus brief supporting a credit union in Texas that’s facing a frivolous lawsuit alleging Web site non-compliance under the Americans with Disabilities Act (ADA).

in Legislative & Political News
CUNA’s Dempsey talks TCPA Petition, Relief Possibilities

The Telephone Consumer Protection Act (TCPA) is impacting consumer-friendly communications between credit unions and their members, CUNA Senior Director of Advocacy and Counsel Leah Dempsey told a Federal Communications Bar Association panel discussion Thursday. Dempsey explained the ways for relief outlined in CUNA’s petition for TCPA relief to the Federal Communications Commission.

in Legislative & Political News