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Comment Letter

MCUA Files Comment Letter on CFPB Trial Disclosure Programs

Feb
19
MCUA Files Comment Letter on CFPB Trial Disclosure Programs

On February 15, 2013, the Missouri Credit Union Association (MCUA) filed a Comment Letter with the Consumer Financial Protection Bureau (CFPB) on the agency’s proposed policy to encourage trial disclosure programs.

Posted By Sharon Bahr read more

CUNA: Compliance Relief Needed on CFPB Remittance Rule

Feb
04
CUNA: Compliance Relief Needed on CFPB Remittance Rule

The Credit Union National Association (CUNA) sent another comment letter  to the Consumer Financial Protection Bureau (CFPB) asking the agency to provide a broader international remittance transfer exemption level and additional compliance relief for credit unions.

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MCUA Comments on Size Definitions

Nov
21
MCUA Comments on Size Definitions

Missouri Credit Union Association (MCUA) submitted two comment letters to the National Credit Union Administration (NCUA) and the Small Business Administration (SBA) regarding "small entity" and "small business" size definitions. 

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MCUA Comments on ACH P2P Payments Proposal

Oct
11
MCUA Comments on ACH P2P Payments Proposal

Last week, Missouri Credit Union Association (MCUA) submitted a comment letter to NACHA – The Electronic Payments Association regarding its person-to-person payments (P2P) proposal.  Click here to read MCUA's letter.

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FASB Proposal on Interest Rate Risk & Liquidity Risk Disclosures

Oct
02
FASB Proposal on Interest Rate Risk & Liquidity Risk Disclosures

A comment letter was filed by the Missouri Credit Union Association (MCUA) and the Credit Union National Association (CUNA) with the Financial Accounting Standards Board (FASB) opposing its proposal that would require reporting entities, including credit unions and other financial institutions, to disclose information regarding their exposure to liquidity risk and interest rate risk.  In ligh

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FinCEN Summary of Customer Due Diligence Proposal Hearing

Sep
20
FinCEN Summary of Customer Due Diligence Proposal Hearing

The Financial Crimes Enforcement Network (FinCEN) has released its summary and prepared remarks from its July 2012 public hearing regarding the agency’s advance notice of proposed rulemaking (ANPR) on customer due diligence (CDD) requirements for financial institutions, including credit unions.  Credit Union National Association (CUNA) staff attended the hearing, and the Missouri Credit Union Association (MCUA) submitted a comment letter on May 4, 2012.

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FASB Issues Proposed Standard on Disclosures

Aug
27
FASB Issues Proposed Standard on Disclosures

The Financial Accounting Standards Board (FASB) has issued a proposed standard that is intended to help financial statement users better understand organizations’ exposure to liquidity risk and interest rate risk.

Posted By Sharon Bahr read more

CUNA Comments on CFPB Senior Financial Exploitation Request

Aug
27
CUNA Comments on CFPB Senior Financial Exploitation Request

On August 20, Credit Union National Association (CUNA) submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) on its request for information on senior financial exploitation.  In the comment letter, CUNA supports efforts by the CFPB to help seniors avoid financial exploitation and to encourage responsible decisions regarding financial management.  Credit unions offer a broad range of financial services to meet th

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CUNA Comments to CFPB and OMB

Jun
27
CUNA Comments to CFPB and OMB

The Credit Union National Association (CUNA) submitted a comment letter last week to the Consumer Financial (CFPB) and the Office of Management and Budget (OMB) on the CFPB’s plans to collect information on compliance costs and other effects of its potential new regulations, including those required under the D

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Send Comments to CFPB About Overdraft Protection Programs

Mar
05
Send Comments to CFPB About Overdraft Protection Programs

Missouri credit unions have an opportunity to weigh in on overdraft protection programs with the Consumer Financial Protection Bureau (CFPB).  The Bureau is asking for information regarding overdraft programs and their costs, benefits and risks to consumers.  In addition to financial institutions, consumers and third party processors are also being asked to share their comments. The CFPB states that it plans to use the information to evaluate any potential consumer protection issues raised by overdraft programs

Posted By Amy McLard read more

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