NCUA should continue its COVID-19 policy accommodations, CUNA wrote to a Senate committee Tuesday before NCUA Chairman Todd Harper's testimony, adding it hopes NCUA will remain responsive and open to the needs of credit unions and their members.
CUNA President/CEO Jim Nussle, Deputy Chief Advocacy Officer Elizabeth Eurgubian, and Senior Director of Advocacy and Counsel Elizabeth LaBerge spoke with acting FHFA Acting Director Sandra Thompson Monday afternoon. The group discussed housing finance priorities for credit unions.
CUNA supports the Federal Reserve’s ongoing development of the FedNow service, a 24x7x365 real-time payments network, it wrote the agency this week. CUNA also encourages the Fed to continue to work with credit unions as adjustments may be necessary.
Former CUNA Senior Director of Advocacy and Counsel Damon Smith was approved by the Senate Banking, Housing, and Urban Affairs Committee Tuesday to serve as general counsel for the Department of Housing and Urban Development.
The credit card system works, and plays an integral role in the U.S. economy, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices in response to proposals to expand the debit card interchange cap for debit cards to credit cards, which CUNA strongly opposes.
The House is out for its annual August recess, while the Senate is expected to consider infrastructure legislation this week. NCUA Chairman Todd Harper will testify before the Senate Banking, Housing, and Urban Affairs Committee Tuesday.
CUNA's Lance Noggle provided an update on pandemic-related coin issues on Marketplace podcast this week, saying that while coin supply may be lacking in some areas, he wouldn’t necessarily call it a shortage.
The Federal Housing Finance Agency announced Friday Fannie Mae and Freddie Mac are extending the moratorium on single-family real estate owned evictions until Sept. 30. The current moratorium was set to expire on July 31.
CUNA's quarterly Political and Grassroots Network featured details on CUNA’s recent action alert on the Fed’s debit routing proposal and credit unions from around the country sharing how they've incorporated advocacy into their culture.
Adoption of a 36% “all-in” interest rate cap would have a “seismic” impact on credit cards and small-dollar loans, CUNA wrote Thursday, also adding that credit unions support efforts to curb harms caused by high-cost payday loans and underregulated lenders.