Opposing the “Big Box Bill”
CUNA, Leagues, and credit unions continue our push against the interchange bill—what we’re calling the “Big Box Bill”—in our engagement with members of Congress. We alerted credit union advocates with a call [...]
America’s Credit Unions News Archives
PODCAST: The state of lending
What’s happening in credit union lending? What do CUNA’s economists forecast for the rest of 2023? How could economic uncertainty and a potential recession change the lending outlook? As we near the midway [...]
Credit card fee final rule, overdraft on Unified Rulemaking Agenda
Federal regulatory agencies—including NCUA and the Consumer Financial Protection Bureau (CFPB)—released the latest Unified Rulemaking Agenda with several items of interest for credit unions. The agenda includes actions the agencies plan to take [...]
Craft a robust credit union strategy in a changing landscape
Strategic planning season is fast approaching. A recent Credit Union National Association survey of CUNA Environmental Scan purchasers revealed that 50% of credit union leaders expect their strategic planning sessions to take place between August [...]
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 [...]
Harper talks interest rate, liquidity, cybersecurity risk at MDDCCUA convention
NCUA Chairman Todd Harper spoke at CONNECT 2023, the MD|DC Credit Union Association’s annual meeting and convention Tuesday. Harper discussed the safety and soundness of the credit union system, interest rate and liquidity [...]
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
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 [...]
WOCCU addresses UN group to strengthen credit unions’ financial inclusion role
World Council of Credit Unions’ (WOCCU) Senior Vice President of International Advocacy Andrew Price on May 31 outlined the various ways credit unions play a key role in growing financial inclusion for rural and underserved [...]
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 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 [...]
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 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 [...]
Connecticut legislature passes League-supported financial literacy bill
The Credit Union League of Connecticut praised the State Legislature for its overwhelming approval Tuesday night of a bill making financial literacy education a requirement for all seniors graduating high school in 2027. The legislation [...]
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 [...]