In a unified show of support for legislation that will right size regulation for credit unions, the Northwest Credit Union Association and Nampa, Idaho-based Northwest Christian Credit Union joined Sen. Mike Crapo (R -Idaho) at a Boise news conference Feb. 20 in support of S. 2155.
The Economic Growth, Regulatory Relief and Consumer Protection Act, would provide much-needed regulatory relief for credit unions and banks and lower the cost of borrowing for thousands of Indiana businesses, Kevin Ryan, president/CEO Financial Center First CU, Indianapolis, wrote in an op-ed that appeared in the Indy Star.
Markup on the House Financial Services and General Government Appropriations Bill, which includes allocations for community development funds of interest to credit unions, will begin this morning at 9 a.m., although no amendments are expected to be considered.
WASHINGTON (6/10/15, UPDATED 11:45 a.m. ET)--The chief tax counsel for Rep. Paul Ryan (R-Wis.)--who heads the powerful U.S. House Ways and Means Committee--called CUNA this morning to inform about an important development for credit unions: a problematic provision for financial institutions has been stripped from a Senate trade bill before the House votes on the trade package this afternoon.
A hallmark of credit unions’ member-owned, cooperative business model is the financial education and counseling that they provide their members. By adding metrics to anecdotal evidence, credit unions can better gauge the effect of their programs.
An opinion editorial written by CUNA President/CEO Jim Nussle in Monday’s edition of The Hill provides highly visible coverage to the points CUNA makes about one of its top advocacy issues: improved data security standards for merchants.
The National Credit Union Administration and federal banking regulators Tuesday issued their final interagency policy statement establishing joint standards for assessing diversity policies and practices of the institutions they regulate.
U.S. consumers paid down $34.7 billion in credit-card debt during the first quarter of 2015, according to CardHub. That figure is 7% larger than the amount paid down during the first quarter in the previous two years.