Regulatory Requests Made to CFPB, FRB, and FASB

Image of pillars under building

The Credit Union National Association (CUNA) has made three urgent requests for immediate relief on behalf of credit unions regarding sensitive regulatory items in light of the current Coronavirus pandemic:

 

A letter has been sent to the Consumer Financial Protection Bureau (CFPB) on transparent communication and regulatory action regarding a number of items.

Another letter was sent to the Federal Reserve Board (FRB) on Regulation D’s Monthly Transfer Limit.

Additionally, a letter was sent to the Financial Accounting Standards Board (FASB) on a delay of the effective date for the Current Expected Credit Loss standard.

Questions? Email our response team at COVID19@ccul.org. The Leagues are here for you as you continue serving your members during these trying times.

Pin It