CUNA economics: ‘Encouraging’ May CPI report

CUNA economics: ‘Encouraging’ May CPI report

CUNA Senior Economist Dawit Kebede issued the following statement in response to the Labor Department’s  May Consumer Price Index (CPI) Report: “The headline CPI increased 4% over the last twelve months in May, down [...]

CFPB Director Chopra to testify before Congress this week

CFPB Director Chopra to testify before Congress this week

The House and Senate are both in Washington, D.C., this week, with the House to consider various measures, and the Senate to resume consideration of executive nominations. Consumer Financial Protection Bureau (CFPB) Director Rohit [...]

Fighting the big box interchange bill

Fighting the big box interchange bill

This week the so-called Credit Card Competition Act was introduced in the House and Senate. Though unfortunate, it’s no surprise. CUNA, Leagues, and credit unions have been preparing for this moment since the start [...]

CUNA to Congress: Interchange works, CCCA should be opposed

CUNA to Congress: Interchange works, CCCA should be opposed

America’s credit unions and their more than 135 members vehemently oppose the Credit Card Competition Act, CUNA Deputy Chief Advocacy Officer Jason Stverak wrote to all members of Congress Friday. CUNA and Leagues have [...]

CUNA meets with GAO on importance of updated CTR threshold

CUNA meets with GAO on importance of updated CTR threshold

CUNA Senior Federal Compliance Counsel Colleen Kelly, Senior Director of Advocacy Luke Martone, and credit unions from CUNA’s Examination and Supervision Subcommittee met with the U.S. Government Accountability Office (GAO) this week to [...]

NCUA

Federal agencies propose reconsideration of value guidance

NCUA, the Consumer Financial Protection Bureau (CFPB) and three other federal regulatory agencies Thursday requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions. The proposed guidance advises on [...]

CUNA backs FCC proposal to block illegal text messages

CUNA backs FCC proposal to block illegal text messages

CUNA and other organizations support the Federal Communications Commission’s efforts to identify and implement solutions to stop bad actors from sending fraudulent texts, CUNA wrote to the FCC Wednesday. CUNA’s comments were sent [...]

Cybersecurity: ‘Be prepared’

Cybersecurity: ‘Be prepared’

Randy Romes embraces the Boy Scout motto when it comes to cybersecurity: Be prepared. “We need to be ready physically and mentally, and practice and be accomplished with the right tools,” says Romes, who addressed [...]

Breaking down the debt ceiling deal

Breaking down the debt ceiling deal

Congress passed a bill to raise the federal debt ceiling and avert economic disaster. President Biden is expected to sign the bill shortly. CUNA’s analysis conclusively shows that a default on U.S. debt [...]

CUNA economics: Strong hiring in May

CUNA economics: Strong hiring in May

CUNA Senior Economist Dawit Kebede issued the following statement in response to the Labor Department’s May Employment Situation: “The economy added 339,000 jobs in May, which was much higher than the consensus expectation, [...]