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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

August 2 Primary Ahead in Kansas and Missouri

Jul
24
August 2 Primary Ahead in Kansas and Missouri

Voters in Kansas and Missouri are headed to the polls on August 2 for the primary elections. Immediately following the primary election, the Heartland Credit Union Association (HCUA) will send a candidate survey regarding credit union issues to the winners and will share responses with our member credit unions.

Posted By Amy McLard read more

Weigh In on NCUA Call Reports by August 15, 2016

Jul
22
Weigh In on NCUA Call Reports by August 15, 2016

The National Credit Union Administration (NCUA) is actively requesting credit unions to share thoughts and any reporting challenges regarding the NCUA Call Report and Profile. The NCUA adjusted the deadline from August 1 to August 15 to gain more feedback.

Posted By Nora Revie read more

Kansas Governor Appoints Augustine to Credit Union Council

Jul
22
Kansas Governor Appoints Augustine to Credit Union Council

Governor Sam Brownback (R-Kansas) has appointed Mike Augustine to the Kansas Credit Union Council (KCUC). Augustine is the president of Frontier Credit Union (Leavenworth, KS). 

Augustine will represent the 3rd Kansas Congressional District on KCUC. The seat was previously held by Lloyd Nugent of Midwest Regional Credit Union (Kansas City, KS).

Posted By Nora Revie read more

Kansas and Missouri U.S. Senators Sign CFPB Exemption Authority Letter

Jul
19
Kansas and Missouri U.S. Senators Sign CFPB Exemption Authority Letter

All four U.S. Senators from Missouri and Kansas signed a letter to the Consumer Financial Protection Bureau (CFPB), urging the agency to use its exemption authority when implementing regulations. U.S. Senators Roy Blunt (R-Missouri), Claire McCaskill (D-Missouri), Jerry Moran (R-Kansas) and Pat Roberts (R-Kansas) joined 66 other senators in signing the letter.

Posted By Susan Dyer read more

Comment Letters due August 10 for CFPB Proposed Annual Privacy Notification Requirement

Jul
18
Comment Letters due August 10 for CFPB Proposed Annual Privacy Notification Requirement

The annual privacy notice requirement was lifted by Congress in December 2015, when the issue was included in the Fixing America’s Surface Transportation (FAST) Act. Missouri U.S. Congressman Blaine Luetkemeyer (R-District 3) sponsored the privacy notice legislation, and credit unions strongly supported the effort. The bill took effect upon signing, which means annual privacy notices are no longer required UNLESS there is a change in policy. This will save financial institutions unnecessary compliance costs.

Posted By Susan Dyer read more

CFPB Exemption Authority Letter Circulates in U.S. Senate

Jul
11
CFPB Exemption Authority Letter Circulates in U.S. Senate

A letter urging the Consumer Financial Protection Bureau (CFPB) to utilize its exemption authority for credit unions and other smaller financial institutions is circulating in the U.S. Senate. U.S. Senator Jerry Moran (R-Kansas), U.S. Senator Roy Blunt (R-Missouri) and U.S. Senator Claire McCaskill (D-Missouri) have already signed on to the letter.

Posted By David Kent read more

HCUA Encourages Input on Incentive-Based Compensation Rule

Jul
10
HCUA Encourages Input on Incentive-Based Compensation Rule

The Heartland Credit Union Association (HCUA) encourages member credit unions to submit comment letters to the National Credit Union Administration (NCUA) regarding a joint proposal to regulate incentive-based compensation at financial institutions.

Posted By Nora Revie read more

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