APCO Worldwide recognized CUNA as the top-rated association in Washington, D.C., in the areas of “bipartisanship” and “member representation,” ratings based on its study measuring the extent to which policy leaders believe associations are effective in achieving policy goals.
The CFPB released its personal financial data rights proposed rule Thursday, which lays out requirements for financial institutions, card issuers, and other payment facilitation providers to share certain consumer financial data with third-parties at the behest of consumers.
CUNA and NAFCU wrote to the Senate Banking, Housing, and Urban Affairs Committee bringing awareness to critical credit union issues prior to testimony from NCUA board nominee Tanya Otsuka, who will appear before the committee Thursday.
CUNA and the World Council of Credit Unions wrote to House and Senate appropriations subcommittees this week asking for consideration of credit union priorities in any supplemental funding legislation being prepared to aid Ukraine and Israel.
Credit unions around Michigan have reached out to their members affected by the UAW strike to offer a wide array of relief options, including skip-a-pay waivers, modifications to existing loans and new loan products with one-to-three month payment extensions.
The Senate passed a joint resolution of disapproval Wednesday on the Consumer Financial Protection Bureau’s section 1071 rule, which would require credit unions to collect and report certain data on applications for credit. The resolution would void the rule through the Congressional Review Act.
CUNA, NAFCU, and the Virgnia Credit Union League filed an amicus brief in support of 1st Advantage Credit Union Tuesday, noting a previous district court decision "turns a blind eye to the market pressures and industry norms" that support the transaction-processing measures in the lawsuit.
CUNA welcomes three new businesses that have recently become Associate Business members, further bolstering the program's impact on the industry – Aequilibrium Software, Constellation Digital Partners, Inc., and myCUmortgage.
Community Development Financial Institution-certified credit unions are key to achieving the mission of the CDFI movement, CUNA wrote a Senate committee hearing on CDFIs, also highlighting issues with CDFI-certified credit unions seeking to recertify, and the wait for Treasury to issue updated application requirements.