CUNA Advocacy Update – Week of June 19, 2017
June 19, 2017
What’s Happening in Washington this Week
With both the House and Senate in session this week, there are a number of hearings and pieces of legislation expected to be considered. Read more about what is happening this week in Washington here!
CUNA Examines Treasury’s Report on Financial System
A number of credit unions and CUNA staff met with Treasury in April to outline areas where regulatory burdens are harming the ability of credit unions to serve their members. Much of what was discussed in that meeting and in follow-up letters sent afterwards is reflected in the Treasury’s report. CUNA appreciates that Treasury listened to and understands that changes should be made to allow them to have greater ability to provide members with safe and affordable products and services. [Read more here]
CUNA Thanks Senators Rounds, Heitkamp, Tester, Hoeven, Donnelly and Kennedy
CUNA sent a letter to Senators Rounds, Heitkamp, Tester, Hoeven, Donnelly and Kennedy thanking them for sponsoring S. 1310, The Home Mortgage Disclosure Adjustment Act. [Read more here]
CUNA Sends Letter Prior to TCPA Hearing in the House
Prior to the House Judiciary Committee’s Constitution and Civil Justice Subcommittee hearing on “Lawsuit Abuse and the Telephone Consumer Protection Act” (TCPA), CUNA sent a letter to Chairman Steve King and Ranking Member Steve Cohen that was entered into the record.
CUNA Urges Support for the Community Development Revolving Loan Fund
CUNA sent letters of support for the NCUA’s Community Development Revolving Loan Fund (CDRLF) to members of both the House and Senate Appropriations Committees. The letter urges Congress to fully fund the CDRLF program at $2 million, which was zeroed out in the President’s proposed FY 2018 budget [Read more here]
CUNA Makes Suggestions to HUD to Reduce Regulatory Burden
CUNA filed its comment letter in response to the Department of Housing and Urban Development’s request for information to implement Executive Orders 13771 on Reducing Regulation and Controlling Regulatory Costs and Order 13777 on Enforcing the Regulatory Reform Agenda. HUD requested comments in identifying existing regulations that may be outdated, ineffective, or excessively burdensome. [Read more here]
Pending Regulatory Comments Calls
CUNA plans to comment on the following pending regulatory proposals. For our comment letters 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 for each proposal with your feedback.
For more information regarding these proposals, please follow the links below: