Newsroom
CFPB renews CUAC charter; member applications open
The CFPB is renewing the Credit Union Advisory Council (CUAC) charter for two years, with some "enhancements" that include changes to membership of the council.
The council will remain filled with employees of credit unions with $10 billion or less in assets, but there will now be seven members that serve staggered, two-year terms. Currently, four NAFCU-member credit union representatives serve on the council.
Applications for CUAC membership are now open; those completed by May 5 will be considered. Half of the current members' terms will expire in 2019 and the other half are eligible to renew their terms to create a staggered council.
The bureau is looking for members that have expertise in community development, consumer protection, fair lending, debt collection and more. Information on how to apply is available here.
In August, the bureau released a new CUAC charter following an announcement from former Acting Director Mick Mulvaney that the bureau's councils and advisory boards would be reorganized. Under that charter, membership was dropped to six members serving one-year terms; previously, 15 to 20 credit union representatives sat on the council for two-year terms.
CUAC's mission remains to "serve to better inform the Bureau's policy development, rulemaking, and engagement functions as they relate to credit unions." CUAC and the other advisory councils will also now meet in-person three times a year, and will expand their focus to broad policy matters.
Those interested in serving on CUAC can contact NAFCU Director of Regulatory Affairs Ann Kossachev for more information and assistance applying.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.