CUNA strongly supports efforts to pass a long-term reauthorization of the National Flood Insurance Program through 2027, it wrote to the House Financial Services Subcommittee on Housing, Community Development, and Insurance Wednesday.
Sixteen credit union champions in Alabama, Arkansas, and Georgia saw victories Tuesday in primary elections. Candidates were supported by the Credit Union Legislative Action Council (CULAC), CUNA’s federal political action committee, the League of Southeastern Credit Unions and Affiliates and Cornerstone League.
The Senate is in Washington, D.C. this week, and the House will conduct hearings but will not consider any legislation on the House floor. A House Financial Services Subcommittee hearing Wednesday will cover reauthorization and reform of the National Flood Insurance Program.
CUNA and other organizations provided feedback to a communications task force Wednesday regarding the use of an enhanced signaling protocol (SIP Code) for voice service providers to notify callers a voice service provider has blocked their call.
CUNA issued an action alert Friday calling on the Senate Judiciary Committee to oppose any changes to the current interchange system ahead of a May 4 hearing.
Financial institutions should be permitted to lawfully serve businesses that engage in cannabis-based businesses authorized under their state laws, even when such activity may be inconsistent with federal law, said CUNA in a letter to Senate leadership Friday.
CUNA called on the National Credit Union Administration (NCUA) this week to provide additional prompt corrective action (PCA) relief that would help credit unions remain operational in the wake of the COVID-19 pandemic.
CUNA and World Council of Credit Unions (WOCCU) urge the Cooperative Development Program (CDP) to increase its 2023 fiscal year funding to $50 million in letter sent to House and Senate State, Foreign Operations, and Related Programs Subcommittees.
Fintechs are circumventing consumer protection rules by exploiting regulatory gaps to provide financial services, CUNA wrote to House Financial Services Committee Task Force on Financial Technology.
It is important that critical measures to track and investigate financial crimes involving money laundering and terrorism not create compliance burdens that impede credit unions’ ability to serve consumers, CUNA stated in a letter to the House Financial Services Committee Thursday.