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Yellen testimony, SBA, cybersecurity hearings scheduled this week

Treasury Secretary Janet Yellen and Secretary of State Anthony Blinken are scheduled to testify before Congressional appropriators this week, and CUNA is also engaged with small business and cybersecurity hearings.

Policy & Issues

Federal Reserve announces July launch for FedNow Service

The FedNow Service will start operating in July, according to the Federal Reserve. It will begin the formal certification of participants for launch of the service in the first week of April.

Policy & Issues

Stverak encourages Congress to connect with CUs during recess

CUNA Deputy Chief Advocacy Officer Jason Stverak encouraged members of Congress to visit credit unions in their state during the upcoming recess and to visit CUNA's Advancing Communities website to see how credit unions are making an impact on members and communities.

Policy & Issues

League leaders highlight credit union difference, safety, soundness

League and credit union leaders engaged with members and consumers in the wake of recent bank collapses, assuring them that money in credit unions remain safe.

Policy & Issues

Nussle: Credit unions are safe harbor for consumers

Credit unions remain focused on keeping consumers’ money safe and secure, CUNA President/CEO Jim Nussle wrote in CUInsight Friday, noting that recent bank failures have consumers concerned.

Policy & Issues

CFPB should release data behind credit card late fee proposal, extend comment deadline

The CFPB must release the underlying data on which its credit card late fee proposal is based on and extend the comment deadline to give time for stakeholders to analyze the data, CUNA and other organizations wrote Thursday.

Policy & Issues

NCUA releases Q4 2022 state-level credit union data report

Federally insured credit unions, overall, experienced continued growth in assets, shares and deposits, and loans during 2022, according to the latest Quarterly U.S. Map Review released by NCUA.

Policy & Issues

NCUA issues subordinated debt final rule

The NCUA Board approved its final rule on subordinated debt at its Thursday meeting. Board members also reiterated the safety and soundness of the credit union system in the wake of the Silicon Valley Bank collapse.

Policy & Issues

CUNA launches page with bank collapse response resources

CUNA has launched a webpage to support and provide resources for member credit unions looking to highlight credit unions’ safety and soundness in the wake of the Silicon Valley Bank collapse.

Policy & Issues

CUNA economics: Inflation slows down in February

CUNA Senior Economist Dawit Kebede said the February Consumer Price Index Report shows the smallest increase since December 2021, and there may be more reduction in the next few months as the CPI starts showing reduction in housing rents.

Spring 2023

Credit Union Magazine’s Spring 2023 issue features the 2023 Credit Union Heroes and examines CUNA-League advocacy priorities, board leadership, the impact of financial well-being efforts, fee-related compliance issues, predictions for the year ahead, and more.

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Policy & Issues
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Yellen testimony, SBA, cybersecurity hearings scheduled this week

Federal Reserve announces July launch for FedNow Service

Stverak encourages Congress to connect with CUs during recess

League leaders highlight credit union difference, safety, soundness

Nussle: Credit unions are safe harbor for consumers

CFPB should release data behind credit card late fee proposal, extend comment deadline

NCUA releases Q4 2022 state-level credit union data report

NCUA issues subordinated debt final rule

CUNA launches page with bank collapse response resources

CUNA economics: Inflation slows down in February

Spring 2023

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