CUNA

Credit union trade associations applaud as legislation moves forward with bipartisan support.

Both Mick Mulvaney and Leandra English showed up to lead the agency this morning, but credit union trade associations have only addressed Trump’s appointee.

The announcement by the head of the Consumer Financial Protection Bureau ends months of speculation about how long he planned to stay at the agency.

Letters from CUNA and NAFCU say credit unions are facing significant litigation threat from frivolous suits.

CUNA and NAFCU cautioned, however, that the bill is by no means final and could still change.

Eight leagues/associations now are part of class action response to massive hack, with two leagues – representing CUs in Nebraska, Arizona, Colorado and Wyoming – joining on Halloween.

Both CUNA and NAFCU filed briefs in response to the regulator’s proposed budgets, which continue to rise despite a shrinking NCUA workforce and a contracting industry.

But using a broad, sweeping rule that applies equally to credit unions and Wall Street banks doesn't make sense, and certainly doesn't benefit the consumer.

Why are credit unions lending their name to this fight when the vast majority of them do not use forced arbitration and have not been caught up in Wall Street’s excesses?

Credit union representatives on Wednesday praised the regulator for its newfound willingness to hear their concerns on the budget, but emphasized that 10 years of budget increases – during which time the number of CUs has shrunk by a quarter – is enough.