NATIONAL ASSOCIATION OF FEDERALLY-INSURED CREDIT UNIONS (FKA NAT'L ASSN OF FEDERAL CREDIT UNIONS) for NATIONAL ASSOCIATION OF FEDERALLY-INSURED CREDIT UNIONS

Banking BAN

Consumer Financial Protection Bureaus (CFPB) ability-to-repay rule; What constitutes a qualified mortgage under the CFPBs ability-to-repay rule; Definition of points and fees under the CFPBs ability-to-repay rule; The Consumer Mortgage Choice Act (H.R. 1077); Congressional oversight of the Financial Stability Oversight Council (FSOC); Regulatory coordination amount FSOC members; Regulatory relief for credit unions; Regulatory Relief for Credit Unions Act (H.R. 2572);National credit union administration (NCUA) authority to grant a federal credit union parity on a broader state rule; NCUA authority to delay implementation of a CFPB rule if compliance causes undue hardship; NCUA and CFPB look-back cost analysis on new rules after three years; Examination fairness standards for credit unions; Financial Institutions Examination Fairness and Reform Act (H.R. 1553); NCUA Central Liquidity fund modernization; Capital reforms for credit unions; NCUA changes to current prompt corrective action system; Risk-based capital for credit unions; Supplemental capital for credit unions; Corporate governance changes to the Federal Credit Union Act; Improvements to credit union field of membership requirements; Allowing all credit unions to add underserved areas to their field of membership; Credit union members business lending; Credit Union Small Business Jobs Creation Act (H.R. 688); Small Business Lending Enhancement Act (S.968); Annual privacy notices; Eliminate Privacy Notice Confusion Act (H.R. 749); Privacy Notice Modernization Act of 2013 (S. 635); Capital Access for Small Businesses and Jobs Act (H.R. 719); ATM disclosures; Debit interchange fees; Credit interchange fees; Flood Insurance; Structural changes to the CFPB; Credit union investment authority; Longer maturities for certain credit union loans; Insurance coverage parity for Interest on Lawyers Trust Accounts (IOTLAs); Data security standards for merchants and retailers; Cyber Intelligence Sharing and Protection Act (H.R. 624); Housing finance reform and the Government Sponsored Enterprises; Housing Finance Reform and Taxpayer Protection Act of 2013 (S. 1217); Housing Finance Reform and the Federal Housing Administration; Credit union access to the secondary mortgage market; Fair pricing for credit union mortgages sold onto the secondary market; The credit union tax exemption; Financial literacy issues; The Federal Housing Finance Agencys securitization platform; Small Business Administrations 7(a) lending program; Small Business Administrations 504 lending program; Ideas related to a two-tiered regulatory system for community based financial service providers; Independent Regulatory Analysis Act of 2013 (S. 1173); CFPBs data collection efforts; CFPB rule making regarding private student lending; CFPB request for comment regarding an Initiative to Promote Student Loan Affordability; The Electronics Payments Association (NACHA) comments regarding various compliance and operational topics; NACHAs to clarify rules that implicate third parties in a transaction; National Institute of Standards and Technologys (NIST) request for information for developing a framework to reduce cyber security risk against infrastructure; CFPB rule on mandatory escrow accounts for higher-priced mortgage loans; Request to NCUA for working group on reforming current regulatory capital requirements; NCUA information collection activities; NCUA request for comment on prospective outside legal counsel; Financial Accounting Standards Boards (FASB) exposure draft amending the accounting standards that govern the recognition and measurement of financial assets and financial liabilities; NCUAs rule on federal credit union ownership of fixed assets; NCUAs proposed delay of rule concerning the prohibition of financing credit insurance premium in connection with certain transactions secured by a dwelling; NCUAs request for comment on generic clearance for the collection of qualitative feedback on agency service delivery; FASBs exposure draft prescribing the treatment of credit losses; NCUAs member business lending requirement for a personal guarantee; Defense Base Realignment and Closure Commission (BRAC); Servicemembers Civil Relief Act (SCRA); Military Lending Act (MLA); National Defense Authorization Act for Fiscal Year 2014 (S. 1034); National Defense Authorization Act for Fiscal Year 2014 (S. 1197); To amend the Servicemembers Civil Relief Act to provide surviving spouses with certain protections relating to mortgages and mortgage foreclosures (H.R. 821); Fairness for Military Homeowners Act of 2013 (H.R. 1223); CFPB rulemaking with respect to remittance transfers; Indexing for inflation arbitrary asset thresholds in the Dodd-Frank Act [P.L. 111-203]; Changes to the E-Sign Act [P.L. 106-229]; CFPB examination authority and document access; Section 1472 of the Dodd-Frank Act with respect to appraiser independence; The S.A.F.E Mortgage Licensing Act of 2008 and definition of loan originator; Securities and Exchange Commission broker-dealer exemption; Patent Reform; Leahy-Smith America Invents Act [P.L. 112-29].

Contacted: Housing & Urban Development, Dept of (HUD); Office of the Comptroller of the Currency (OCC); Natl Credit Union Administration (NCUA); Small Business Administration (SBA); HOUSE OF REPRESENTATIVES; Federal Deposit Insurance Corporation (FDIC); Federal Reserve System; Internal Revenue Service (IRS); Federal Housing Finance Agency (FHFA); Federal Trade Commission (FTC); Treasury, Dept of; Securities & Exchange Commission (SEC); White House Office; Financial Crimes Enforcement Network (FinCEN); Commodity Futures Trading Commission (CFTC); Defense, Dept of (DOD); Government Accountability Office (GAO); Homeland Security, Dept of (DHS); SENATE

Bills named: S. 1197 (113th), H.R. 1553 (113th), H.R. 2572 (113th), S. 1034 (113th), H.R. 624 (113th), H.R. 688 (113th), H.R. 1077 (113th), S. 1217 (113th), H.R. 749 (113th), S. 968 (113th), S. 1173 (113th), S. 635 (113th), H.R. 1223 (113th), H.R. 821 (113th), H.R. 719 (113th)

Financial Institutions/Investments/Securities FIN

Consumer Financial Protection Bureaus (CFPB) ability-to-repay rule; What constitutes a qualified mortgage under the CFPBs ability-to-repay rule; Definition of points and fees under the CFPBs ability-to-repay rule; The Consumer Mortgage Choice Act (H.R. 1077); Congressional oversight of the Financial Stability Oversight Council (FSOC); Regulatory coordination amount FSOC members; Regulatory relief for credit unions; Regulatory Relief for Credit Unions Act (H.R. 2572);National credit union administration (NCUA) authority to grant a federal credit union parity on a broader state rule; NCUA authority to delay implementation of a CFPB rule if compliance causes undue hardship; NCUA and CFPB look-back cost analysis on new rules after three years; Examination fairness standards for credit unions; Financial Institutions Examination Fairness and Reform Act (H.R. 1553); NCUA Central Liquidity fund modernization; Capital reforms for credit unions; NCUA changes to current prompt corrective action system; Risk-based capital for credit unions; Supplemental capital for credit unions; Corporate governance changes to the Federal Credit Union Act; Improvements to credit union field of membership requirements; Allowing all credit unions to add underserved areas to their field of membership; Credit union members business lending; Credit Union Small Business Jobs Creation Act (H.R. 688); Small Business Lending Enhancement Act (S.968); Annual privacy notices; Eliminate Privacy Notice Confusion Act (H.R. 749); Privacy Notice Modernization Act of 2013 (S. 635); Capital Access for Small Businesses and Jobs Act (H.R. 719); ATM disclosures; Debit interchange fees; Credit interchange fees; Flood Insurance; Structural changes to the CFPB; Credit union investment authority; Longer maturities for certain credit union loans; Insurance coverage parity for Interest on Lawyers Trust Accounts (IOTLAs); Data security standards for merchants and retailers; Cyber Intelligence Sharing and Protection Act (H.R. 624); Housing finance reform and the Government Sponsored Enterprises; Housing Finance Reform and Taxpayer Protection Act of 2013 (S. 1217); Housing Finance Reform and the Federal Housing Administration; Credit union access to the secondary mortgage market; Fair pricing for credit union mortgages sold onto the secondary market; The credit union tax exemption; Financial literacy issues; The Federal Housing Finance Agencys securitization platform; Small Business Administrations 7(a) lending program; Small Business Administrations 504 lending program; Ideas related to a two-tiered regulatory system for community based financial service providers; Independent Regulatory Analysis Act of 2013 (S. 1173); CFPBs data collection efforts; CFPB rule making regarding private student lending; CFPB request for comment regarding an Initiative to Promote Student Loan Affordability; The Electronics Payments Association (NACHA) comments regarding various compliance and operational topics; NACHAs to clarify rules that implicate third parties in a transaction; National Institute of Standards and Technologys (NIST) request for information for developing a framework to reduce cyber security risk against infrastructure; CFPB rule on mandatory escrow accounts for higher-priced mortgage loans; Request to NCUA for working group on reforming current regulatory capital requirements; NCUA information collection activities; NCUA request for comment on prospective outside legal counsel; Financial Accounting Standards Boards (FASB) exposure draft amending the accounting standards that govern the recognition and measurement of financial assets and financial liabilities; NCUAs rule on federal credit union ownership of fixed assets; NCUAs proposed delay of rule concerning the prohibition of financing credit insurance premium in connection with certain transactions secured by a dwelling; NCUAs request for comment on generic clearance for the collection of qualitative feedback on agency service delivery; FASBs exposure draft prescribing the treatment of credit losses; NCUAs member business lending requirement for a personal guarantee; Defense Base Realignment and Closure Commission (BRAC); Servicemembers Civil Relief Act (SCRA); Military Lending Act (MLA); National Defense Authorization Act for Fiscal Year 2014 (S. 1034); National Defense Authorization Act for Fiscal Year 2014 (S. 1197); To amend the Servicemembers Civil Relief Act to provide surviving spouses with certain protections relating to mortgages and mortgage foreclosures (H.R. 821); Fairness for Military Homeowners Act of 2013 (H.R. 1223); CFPB rulemaking with respect to remittance transfers; Indexing for inflation arbitrary asset thresholds in the Dodd-Frank Act [P.L. 111-203]; Changes to the E-Sign Act [P.L. 106-229]; CFPB examination authority and document access; Section 1472 of the Dodd-Frank Act with respect to appraiser independence; The S.A.F.E Mortgage Licensing Act of 2008 and definition of loan originator; Securities and Exchange Commission broker-dealer exemption; Patent Reform; Leahy-Smith America Invents Act [P.L. 112-29].

Contacted: Financial Crimes Enforcement Network (FinCEN); SENATE; Federal Reserve System; Commodity Futures Trading Commission (CFTC); Housing & Urban Development, Dept of (HUD); White House Office; Internal Revenue Service (IRS); Federal Trade Commission (FTC); Securities & Exchange Commission (SEC); Office of the Comptroller of the Currency (OCC); Treasury, Dept of; Government Accountability Office (GAO); Small Business Administration (SBA); Natl Credit Union Administration (NCUA); Federal Deposit Insurance Corporation (FDIC); Homeland Security, Dept of (DHS); Federal Housing Finance Agency (FHFA); HOUSE OF REPRESENTATIVES; Defense, Dept of (DOD)

Bills named: H.R. 719 (113th), H.R. 821 (113th), S. 1034 (113th), H.R. 688 (113th), S. 968 (113th), H.R. 1077 (113th), H.R. 749 (113th), H.R. 1223 (113th), S. 1217 (113th), S. 1173 (113th), H.R. 2572 (113th), S. 635 (113th), H.R. 624 (113th), S. 1197 (113th), H.R. 1553 (113th)

Taxation/Internal Revenue Code TAX

Credit union tax exemption; corporate tax reform; sequestration; House Ways and Means, and Senate Finance working groups on tax reform.

Contacted: Small Business Administration (SBA); Defense, Dept of (DOD); Federal Housing Finance Agency (FHFA); Natl Credit Union Administration (NCUA); HOUSE OF REPRESENTATIVES; SENATE; Federal Trade Commission (FTC); Office of the Comptroller of the Currency (OCC); Government Accountability Office (GAO); Housing & Urban Development, Dept of (HUD); Financial Crimes Enforcement Network (FinCEN); Homeland Security, Dept of (DHS); Treasury, Dept of; White House Office; Federal Reserve System; Internal Revenue Service (IRS); Securities & Exchange Commission (SEC); Commodity Futures Trading Commission (CFTC); Federal Deposit Insurance Corporation (FDIC)