Mountain West News
CFPB Delays Remittance Rule Feb. 7 Effective Date |
The Consumer Financial Protection Bureau announced Tuesday that it is delaying the effective date of its international remittance transfer rule that was set to go into effect Feb. 7. A new effective date will be announced later this year, the bureau said in a blog post.  Read More
CUNA Strategy:Take On Banks' Bills When Needed |
The Credit Union National Association's (CUNA) John Magill said that CUNA is prepared to take on the banks whenever  that is what is required to move credit union legislative priorities.

"It's not in the credit union DNA to have a knee-jerk reaction against everything the banks try to do.  But if that is what it takes to bring the banks to the table to work together on financial institutions issues, then that's what we'll do," declared Magill, who heads CUNA's legislative affairs department.  Read More
CUNA, Leagues Are Active As 113th Congress Begins |
The 113th U.S. Congress officially begins today as members are scheduled to be sworn in this afternoon, and the Credit Union National Association (CUNA) and state credit union leagues are already in action, welcoming new members and advocating for key credit union priorities as the 2013 legislative calendar begins.  Read More
Cost-benefit Analyses Must Be Part of Rulemaking: GAO |
The U.S. Government Accountability Office recommended that federal financial regulators more fully incorporate comprehensive cost-benefit analyses into their Dodd-Frank Act rulemakings in a recent report on federal regulators' efforts to analyze and coordinate Dodd-Frank Act rules. Read More
President Signs ATM Signage, CFPB Privacy Bills |
President Barack Obama Thursday afternoon signed a bill (H.R. 4367) into law that revises Regulation E to require that ATM fee disclosures only need to be presented on an ATM's screen. The new law eliminates a duplicative provision that required a physical notice also be posted on the ATM machine, a requirement that has created legal and financial issues for some credit unions and other financial institutions.  Read More
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