Kraninger
unveils new CFPB effort to cut back on regulatory duplication
In her
address to attendees at NAFCU's Congressional Caucus Monday, CFPB Director
Kathy Kraninger announced that the bureau will be using four tools to improve
processes. Notably, one of the tools Kraninger discussed acknowledges the need
for regulatory clarity when it comes to supervision. Credit unions subject to
CFPB and NCUA rules have said before that some examination processes are duplicative,
reducing valuable credit union resources.
Berger
opens Caucus with call to action
NAFCU President and CEO Dan Berger
kicked off the association's 2019 Congressional Caucus with an in-depth Washington
update for the hundreds of credit union representatives in town to advocate for
credit union priorities. He also discussed the state of the industry, growth opportunities and economic trends.
NAFCU
shares housing finance reform principles ahead of hearing
Ahead of
today's Senate Banking Committee hearing examining housing finance reform,
NAFCU Vice President of Legislative Affairs Brad Thaler sent a letter noting the
importance of a legislative solution prior to any administrative action.
NAFCU's 2019
Credit Union Compliance GPS
Get updates on S.2155, Field of Membership,
Privacy and more!
Gretchen
Carlson rallies CUs to take on 'Goliath'
Former Fox News
anchor Gretchen Carlson – delivering an emotional opening keynote that earned
a standing ovation to a packed room at NAFCU's 2019 Congressional Caucus
Monday – instilled a David versus Goliath mindset in credit unions as they prepare
to head to Capitol Hill to advocate on key issues.
HUD
at Caucus gives first live update since housing reform release
Credit
unions received updates directly from administration officials on housing finance
and cybersecurity initiatives during NAFCU's Congressional Caucus Monday. Brian
Montgomery, acting deputy secretary and federal housing commissioner for the Department
of Housing and Urban Development (HUD), and Brian Peretti, director of the Treasury
Department’s Office of Cybersecurity and Critical Infrastructure Protection, provided the updates.
Hill
staffers offer tips for meetings; Clay touts CUs' good work
Before
heading out for the first afternoon of meetings on Capitol Hill, credit unions
at NAFCU's Congressional Caucus received tips from congressional staff on
how to hold effective meetings, as well as updates on key issues. Rep. Lacy Clay,
D-Mo., chair of the House Financial Services Subcommittee on Housing, Community
Development and Insurance, also touted credit union efforts to provide financial services to those in need.
Hood,
Mulvaney headline day 2 at NAFCU's Caucus
Hundreds of credit unions
are back for day two of NAFCU's Congressional Caucus, which runs through tomorrow,
joining NAFCU's award-winning advocacy team for a Capitol Hill takeover.
While in Washington, industry representatives will share key credit union issues
with members of the House and Senate during a record number of meetings on Capitol Hill.
NAFCU's
Hunt breaks down faster payments proposal in op-ed
NAFCU Executive Vice
President of Government Affairs and General Counsel Carrie Hunt published an
op-ed in the Credit Union Journal discussing the Federal Reserve's proposal to
create the FedNow Service, which would give credit unions the option to participate in a real-time payments system.
Appeals
court rules net worth sweeps illegal, finds FHFA structure unconstitutional
The U.S. Court of Appeals for the Fifth Circuit, sitting en banc, ruled that the
Federal Housing Finance Agency's (FHFA) single-director structure is unconstitutional
– a departure from the decisions of five other courts that have considered the
agency's structure. The court last year determined the same, citing arguments used in a lawsuit against the CFPB.
