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Comment Letter

Field-of-Membership Proposal - Comments Due December 9

Nov
14
Field-of-Membership Proposal - Comments Due December 9

Credit unions in Kansas and Missouri have an opportunity to comment on the National Credit Union Administration's (NCUA) field-of-membership (FOM) proposal. Comments are due by December 9. The proposed rule makes several changes recommended by credit unions.  

The NCUA's proposal impacts field-of-membership for federally chartered credit unions, and would:

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HCUA, Federal Lawmakers Share Concerns with CFPB Proposed Small Dollar Loan Rule

Oct
07
HCUA, Federal Lawmakers Share Concerns with CFPB Proposed Small Dollar Loan Rule

The Heartland Credit Union Association (HCUA) shared concerns with the Consumer Financial Protection Bureau (CFPB) on behalf of member credit unions regarding its proposed rule concerning payday, vehicle title and covered loans. The deadline for comments was October 7. 

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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

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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.

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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.

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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.  

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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

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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. 

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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.

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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.

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