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.

Take Action 

SUBJECT ISSUE PRIORITY TYPE AGENCY STATUS ACTION DEADLINE 
Public Unit and Nonmember Shares Federal Credit Union Act Update Examination & Supervision CommentCall National Credit Union Administration (NCUA) Open 07/29/2019
Debt Collection NPRM   Consumer Protection CommentCall Consumer Financial Protection Bureau (CFPB) Open 08/19/2019
HMDA ANPR on Data Points HMDA Consumer Protection CommentCall Consumer Financial Protection Bureau (CFPB) Open 07/08/2019
Regulatory Flexibility Act Review of 2009 Overdraft Rule Overdraft Protection Consumer Protection CommentCall Consumer Financial Protection Bureau (CFPB) Open 07/01/2019
Remittances RFI on Coverage & Temporary Fee Estimates Safe Harbor Interchange/Surcharging Amicus Briefs Consumer Protection CommentCall Consumer Financial Protection Bureau (CFPB) Open 06/28/2019
HMDA NPRM on Reporting Thresholds HMDA Consumer Protection CommentCall Consumer Financial Protection Bureau (CFPB) Open 06/12/2019
Home Mortgage Disclosure (Reg C) Data Points and Coverage HMDA;Mortgage Lending and Regulations Consumer Protection CommentCall Consumer Financial Protection Bureau (CFPB) Open 07/08/2019
Potential Regulatory Changes to the Remittance Rule Supplemental Capital/Risk-Based Capital Consumer Protection CommentCall Consumer Financial Protection Bureau (CFPB) Open 06/28/2019
Compensation in Connection with Loans and Lines of Credit to Members Corporate Credit Union Issues Examination & Supervision CommentCall National Credit Union Administration (NCUA) Open 06/24/2019
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.