The Bureau of Consumer Financial Protection will issue a proposal to revise its current “No-Action” letter policy following CUNA efforts to have the bureau amend to provide clarity regarding enforcement and supervision expectations.
CUNA will be engaged with several hearings in both chambers of Congress this week, including one on the impact of the CECL standard. The House and Senate are both in session this week.
CUNA asked NCUA to continue to review its rules governing CUSOs to achieve greater regulatory relief, and reiterated its stance that NCUA should not have examination and enforcement authority over third-party vendors, including CUSOs.
Tickets and sponsorships are now available for purchase for the 31st annual National Credit Union Foundation Dinner Presenting the Herb Wegner Memorial Awards on March 11, 2019 at the Marriott Marquis in conjunction with CUNA Governmental Affairs Conference (GAC) in Washington, D.C.
Nominations are being accepted for eight open director positions on CUNA’s board of directors.
Annual Rebalance of the S&P/Hawkamah ESG Pan Arab Index Announced
The FinCEN and its regulatory partners issued a joint statement last week to encourage credit unions and other financial institutions to take innovative approached to combat money laundering and other illicit financial threats.