CUNA Advocacy Update
July 18, 2016
July 18, 2016
CUNA Releases Summary of Small Dollar Loan Proposal:
Last week, we released an analysis of the CFPB’s proposed rule on small dollar loans, outlining several areas where credit union products could be impacted.
CUNA, ICBA Collaborate on Letter to CFPB:
CUNA to Host Webinar on DoL Overtime Rule:
We Need Your Feedback Regarding the CFPB Small Dollar Loan and Arbitration Proposals:
We are currently seeking widespread feedback from credit unions about how the CFPB’s small dollar proposed rule and arbitration proposed rule could impact credit union operations, and the ability to offer products and services. We will continue to educate the Bureau about problems both of these rules could cause for credit unions and their members. Please check out the comment call and send comments, questions or concerns to Leah Dempsey, Elizabeth Eurgubian, Andy Price or me.
Pending Regulatory Comment Calls:
CUNA intends to comment on the following pending regulatory proposals. For our comment letter to have the greatest impact, we need to hear from you. Please consider whether and how these proposals would affect your credit union, and contact the CUNA staff listed with each proposal with your feedback
We encourage Leagues and credit unions to use PowerComment to file comment letters with regulators. For more information regarding these proposals, please follow the links below:
CUNA prepares to participate in summer meetings of state lawmakers:
CUNA and League staff will travel to the Midwest to engage with thousands of state legislators at both the American Legislative Exchange Council’s (ALEC) Annual Meeting in Indianapolis, and the National Conference of State Legislatures’ (NCSL) Legislative Summit in Chicago. [More]
Over on the Removing Barriers Blog:
Mulvaney / Heck introduce Overhead Transfer Rate bill… Regulatory Relief legislation moving through appropriations process… Congress and CUNA weigh in on FHFA proposal adding language preference question to URLA… Privacy Notification proposal subject to comment…