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U.S. Rep. Jenkins Meets with Kansas Credit Union Leaders

Aug
30
U.S. Rep. Jenkins Meets with Kansas Credit Union Leaders

U.S. Representative Lynn Jenkins (R-KS District 2) met with dozens of Kansas credit union leaders in Topeka on August 30 to discuss key concerns and share insights from Washington, D.C.

Jenkins, who is a cosponsor of the U.S. House data security bill, H.R. 2205, discussed the need for government to provide security for our data. She also recognized the growing regulatory burden faced by financial institutions and other industries.

Posted By Nora Revie read more

MLA Guidance Issued – Credit Unions Ask for Delay in Implementation

Aug
28
MLA Guidance Issued – Credit Unions Ask for Delay in Implementation

The Heartland Credit Union Association (HCUA) Compliance team is focused on the Department of Defense (DOD) Military Lending Act (MLA) as Kansas and Missouri credit unions – along with credit unions across the country - work to comply with the rule by the effective date of October 3, 2016. The DOD published its long-awaited follow-up guidance on August 26. 

Posted By Brianna O'Hara read more

Kansas, Missouri Credit Unions Meet with U.S. Senators

Aug
22
Kansas, Missouri Credit Unions Meet with U.S. Senators

U.S. Senate meetings with credit union leaders took place in Kansas and Missouri on August 17 and 18.

Posted By Amy McLard read more

CFPB Payday Lending Proposal – Credit Union Feedback Needed by August 26

Aug
22
CFPB Payday Lending Proposal – Credit Union Feedback Needed by August 26

Missouri and Kansas credit unions are asked to share information with the Heartland Credit Union Association (HCUA) in connection with the Consumer Financial Protection Bureau’s rule for payday, vehicle title and certain high-cost installment loans. There is concern that the overly broad scope of the rule will sweep in products and services offered by credit unions that are not even similar to a payday or small dollar loan. In addition, i

Posted By Amy McLard read more

HCUA Comments on CFPB Proposed Arbitration Rule

Aug
22
HCUA Comments on CFPB Proposed Arbitration Rule

Heartland Credit Union Association (HCUA) submitted a comment letter on behalf of member credit unions to the Consumer Financial Protection Bureau (CFPB) regarding its proposed arbitration rule. The proposed rule would eliminate arbitration clauses that are routinely included in many contracts for consumer financial products.

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Heartland Credit Union Association Joins CFPB Letter

Aug
15
Heartland Credit Union Association Joins CFPB Letter

Kansas and Missouri concerns about the Consumer Financial Protection Bureau (CFPB) rejection of the agency’s exemption authority are represented in a letter signed by all 37 credit union leagues and the Credit Union National Association (CUNA).

Posted By Amy McLard read more

24-Hour Service Available on Repo Titles for Kansas Auto Lenders

Aug
12
24-Hour Service Available on Repo Titles for Kansas Auto Lenders

There are 24-hour options available for credit unions in need of quick turnaround on repossession titles, possessory liens and mechanic’s liens in Kansas. In January, Kansas discontinued its walk-in and batch drop-off title services and began outsourcing these services to Kansas Vehicle Title Services Company (KVTSC).

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Primary Election Brings Surprises and Shake-Ups

Aug
09
Primary Election Brings Surprises and Shake-Ups

Voters in Kansas and Missouri headed to the polls to vote on federal, statewide, and state Senate and House races on August 2. It brought a shake-up with significant losses for incumbents in Kansas – including U.S.

Posted By Amy McLard read more

In-District Meetings in Missouri and Kansas

Aug
02
In-District Meetings in Missouri and Kansas

Credit union advocates are busy meeting with federal and state lawmakers, as well as candidates, across Kansas and Missouri during the legislative recesses and in advance of the August 2 state primaries.

Posted By Nora Revie read more

Regulatory Advocacy Alert: CFPB’s Proposed Rule Would Eliminate Arbitration Clauses

Jul
29
Regulatory Advocacy Alert: CFPB’s Proposed Rule Would Eliminate Arbitration Clauses

August 22 is the deadline for comment letters regarding the Consumer Financial Protection Bureau’s (CFPB) proposed arbitration rule. The proposed rule would eliminate arbitration clauses that are routinely included in many contracts for consumer financial products. These arbitration clauses can protect credit unions from class action lawsuits when requiring arbitration as an alternative dispute resolution process.

Posted By Nora Revie read more

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