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Comment Letter

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

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

Call to Action: Voice Concerns Regarding FASB's CECL Proposal

Mar
15
Call to Action: Voice Concerns Regarding FASB's CECL Proposal

The Heartland Credit Union Association (HCUA) urges Kansas and Missouri credit union advocates to contact the Federal Accounting Standards Board (FASB) with concerns about its Current Expected Credit Loss (CECL) proposal. The CECL proposal changes the way credit unions determine losses.

Posted By Nora Revie read more

Credit Union Input Needed as Deadline Looms for Federal FOM Comment Letters

Jan
31
Credit Union Input Needed as Deadline Looms for Federal FOM Comment Letters

Credit union advocates across Kansas and Missouri are encouraged to submit comment letters to the National Credit Union Administration (NCUA) in favor of proposed revisions to the Chartering and Field of Membership (FOM) Manual. Banker letters in opposition, including those from staff, have started to arrive in large numbers during these last few days of the comment period.  

Posted By Amy McLard read more

MCUA Files Comment Letter on NCUA's Bank Notes Rule

Nov
30
MCUA Files Comment Letter on NCUA's Bank Notes Rule

On November 23, 2015, the Missouri Credit Union Association (MCUA) filed a comment letter with the National Credit Union Administration (NCUA) on the agency’s proposed investment rule for bank notes. The NCUA Board proposed a rule at its October board meeting to amend the agency’s investment

Posted By Nora Revie read more

MCUA’s Comment Letter Voices RBC2 Concerns

Apr
27
MCUA’s Comment Letter Voices RBC2 Concerns

On behalf of Missouri’s credit unions, the Missouri Credit Union Association (MCUA) submitted a five-page comment letter outlining several areas of concern with the National Credit Union Administration’s (NCUA) revised risk-based capital proposal (RBC2). The comment period closed on April 27. 

Posted By Nora Revie read more

Missouri Sounds Off on Risk-Based Capital Proposal

Jun
03
Missouri Sounds Off on Risk-Based Capital Proposal

Credit unions across Missouri and the Missouri Credit Union Association (MCUA) weighed in with concerns about the National Credit Union Administration (NCUA) Risk Based Capital (RBC) proposal. As the comment period closed on May 28, NCUA received more than 2,000 comment letters regarding the proposal.

Posted By Nora Revie read more

MCUA Files Comment Letter on NCUA's Voluntary Liquidation Proposal

May
07
MCUA Files Comment Letter on NCUA's Voluntary Liquidation Proposal

On May 2, 2014, the Missouri Credit Union Association (MCUA) filed a comment letter with the National Credit Union Administration (NCUA) on the agency’s proposed voluntary liquidation rule.

Posted By Sharon Bahr read more

MCUA Submits Comments on FRB's Reg CC Proposal

May
05
MCUA Submits Comments on FRB's Reg CC Proposal

The Missouri Credit Union Association (MCUA) submitted a comment letter on May 2, 2014, on the Federal Reserve Board’s (Board) Regulation CC proposed rule. MCUA generally supports efforts to improve the check clearing process and to account for the shift toward full

Posted By Sharon Bahr read more

CUNA Urges Credit Unions to Weigh-in on RBC Proposal

May
05
CUNA Urges Credit Unions to Weigh-in on RBC Proposal

The Credit Union National Association (CUNA) needs your help to make sure the National Credit Union Administration (NCUA) receives at least 1,000 comment letters on the risk-based capital (RBC) proposed rule. Commenting is easy, just click here for an automated letter-writing tool.

Posted By Sharon Bahr read more

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