Rep. Kevin McCarthy, R-Calif., announced Wednesday he will resign from Congress at the end of the year. McCarthy, who served as Speaker of the House from January to October, has served in Congress since 2007 and has been a strong credit union supporter dating back to before his time in Congress.
CUNA President/CEO Jim Nussle and Deputy Chief Advocacy Officer Jason Stverak were named among The Hill’s top lobbyists for 2023 as “impactful advocates [that] stand out for the results they’ve delivered for their clients, companies, trade associations and advocacy groups in the nation’s capital.”
CUNA, NAFCU, and financial services organizations wrote to President Joe Biden this week asking for him to emphasize the need for proper rulemaking procedure, noting the CFPB continues to issue guidance that operates as a rule without the notice and comment process.
More needs to be done to ensure credit unions have the tools and mechanisms to reach new consumers who are not currently being served, CUNA and NAFCU wrote to a House Financial Services subcommittee prior to its hearing on financial innovation.
Rep. Patrick McHenry, R-N.C., announced Tuesday he will not seek re-election in 2024. McHenry has served in Congress since 2005 and has chaired the House Financial Services Committee since January 2023.
Rep. Zach Nunn, R-Iowa, thanked credit unions on the House floor for the loans many provide to help families with adoption costs to commemorate November as National Adoption Month and in support of his legislation when discussion his legislation to help lower adoption costs.
The House and Senate are in Washington, D.C., this week. The House will consider various legislation, while the Senate will resume consideration of legislative nominees. CUNA will be engaged with hearings on housing affordability and financial innovation.
CUNA, NAFCU and other organizations met with new FCC Commissioner Anna Gomez and her staff about the FCCs recent Report and Order on illegal automated text messages and ongoing proceedings regarding revocation of consent under the TCPA.
The House passed a resolution of disapproval for the Consumer Financial Protection Bureau’s section 1071 rule Friday. The Senate passed the resolution in October and it will now head to President Joe Biden’s desk, who is expected to veto it.
The big box interchange bill would have major negative impacts on credit unions, community banks, and the people they serve, Montana Reps. Steve Gunderson, R, and Ron Marshall, R, wrote in the Flathead Beacon this week.