CUNA President/CEO Jim Nussle wrote to all 535 members of Congress Wednesday in strong opposition of the credit card bill from Sens. Roger Marshall, R-Kan., and Dick Durbin, D-Ill. CUNA and Leagues continue to call on credit unions, Leagues, and members to oppose the bill.
Fourteen credit union-friendly candidates added 14 wins in Connecticut, Minnesota, Vermont and Wisconsin Tuesday. The Credit Union Legislative Action Council (CULAC) and state leagues have backed 274 credit union proponents this cycle with a 97% success rate.
CUNA launched its “Protect My Card” Member Activation Program (MAP) campaign to activate credit union members to share concerns with the interchange bill introduced by Sens. Roger Marshall, R-Kan., and Dick Durbin, D-Ill.
NCUA is hosting a webinar on August 24 at 2 p.m. ET to discuss Bank Secrecy Act trends and challenges, and provide credit unions with valuable updates on BSA compliance. Online registration for the free webinar webinar is open.
The Illinois Credit Union System, in collaboration with over 850 organizations, took social media by storm for the 2nd annual #ILoveMyCreditUnion social media blitz on July 29. The campaign saw participation from all 50 states and 11 countries around the world.
Digital asset innovations represent new opportunities for consumers and credit unions, CUNA wrote to the Treasury Monday in response to a request for information on digital asset development. CUNA notes credit unions support a “whole-of-government” approach to the issue.
CUNA, all Leagues, the American Bankers Association, and all state banking associations wrote to Congressional leadership outlining strong opposition to the interchange bill introduced earlier this month by Sens. Roger Marshall, R-Kan., and Dick Durbin, D-Ill.
CUNA strongly supports the Financial Crimes Enforcement Network’s (FinCEN) effort to establish a no-action letter process, it wrote to FinCEN Friday. No-action letters come from government agencies stating it will not take legal action should an entity proceed with a proposed course of action.
Ginnie Mae issued an amendment to its mortgage-backed securities guide removing credit unions’ categorization as non-bank mortgage lenders and recognizing them as insured depositories regulated by prudential regulator, which CUNA has strongly advocated for.
Credit Union Magazine’s Fall 2022 issue highlights credit unions’ role in cryptocurrency, the state of digital assets, cannabis banking compliance, the human side of technology implementation, and involving the board in financial discussions.