The House is out for its annual August recess, while the Senate is expected to consider infrastructure legislation and a potential budget resolution this week. NCUA Chairman Todd Harper will testify before the Senate Banking, [...]
CUNA hosted the quarterly meeting of its Political and Grassroots Network (PGN) Thursday, highlighting CUNA’s advocacy work and featuring input from credit unions around the country. CUNA staff gave details on CUNA’s recent [...]
Adoption of a 36% “all-in” interest rate cap would have a “seismic” impact on credit cards and small-dollar loans, CUNA wrote to the Senate Banking, Housing, and Urban Affairs Committee Thursday. The committee conducted a [...]
The House Financial Services Committee began its markup of the CUNA-supported Promoting New and Diverse Depository Institutions Act (H.R. 4590) starting Wednesday. CUNA wrote in support of the bill in advance of the markup. [...]
When compliance intersects with governance and risk, opportunities can be unearthed. “Compliance is basic hygiene in today’s risk and regulatory landscape,” said Andy Vanderhoff, CEO of GRC technology provider Quantivate. “Compliance risk management goes [...]
NCUA issued a Regulatory Alert (21-RA-08) this week on the Consumer Financial Protection Bureau’s June 30 final Regulation X rule to assist borrowers affected by the pandemic. The final rule only applies to servicers [...]
Are you doing everything you can to grow as a credit union leader? People with advancement aspirations know that professional development is important. This includes earning or maintaining professional credentials such as academic degrees, taking [...]
Fannie Mae and Freddie Mac guarantee fees (g-fees) should not be used as a source of funding offsets in the bipartisan infrastructure framework being negotiated in the Senate, CUNA and other organizations wrote to Sens. [...]
Credit unions in Massachusetts donated $157,637 to “A Bed for Every Child,” an initiative of the Massachusetts Coalition for the Homeless (Coalition), at the Stephen D. Jones Credit Union Charity Golf Tournament. “The Massachusetts [...]
On July 30, the credit union movement will come together to inspire an authentic and high-energy conversation about why we love credit unions. Using the hashtag #ilovemycreditunion, credit unions and leagues across the country will [...]
NCUA issued a proposal on a complex credit union leverage ratio (CCULR) at its July 22 board meeting. CUNA supports the option for a CCULR when complying with NCUA’s risk-based capital rule, which was [...]
Financial services are being forever and irrevocably disrupted due to artificial intelligence—and credit unions will never be the same because of it. That is the message Dr. Ayesha Khanna, Co-Founder and CEO of ADDO [...]
360-degree advocacy: That’s what we call the credit union advocacy strategy. It means fierce, bold advocacy that addresses credit union public policy issues from all angles, saturating policymakers with our message in Washington and [...]
Credit union loans outstanding increased 0.8% in May, compared to a 0.6% increase in April of 2021 and a 1.1% increase in May of 2020, according to CUNA’s latest Monthly Credit [...]
The Cybersecurity and Infrastructure Agency (CISA), along with other federal law enforcement agencies, released an alert (AA21-200B) and analysis on Chinese state-sponsored cyberthreats to federal, state, and local governments, as well as private industry. According [...]
