NCUA is hosting a webinar to discuss federal government efforts to combat bias in home valuations and increase opportunities for homeownership and relevant resources available for consumers and credit union professionals. It will take place June 21 at 1 p.m. ET.
CUNA and other trade associations representing the financial services industry released the following joint statement opposing legislation creating new credit card routing mandates that would reduce access to credit for those who need it the most.
Credit unions urge members of Congress to oppose any legislation affecting the security and efficiency of the interchange system, CUNA Deputy Chief Advocacy Officer Jason Stverak wrote. Grocers are visiting Washington, D.C., this week and CUNA expects them to push for credit union-opposed interchange legislation.
The House and Senate are in Washington, D.C., this week, with the House to consider legislation on the floor, and the Senate to consider executive nominations. Hearings of note will cover "junk fees," blockchain, and the U.S. dollar's status as a global reserve currency.
CISA and other domestic and international agencies published a joint Cybersecurity Advisory to highlight a People’s Republic of China state-sponsored actor, also known as Volt Typhoon, that is working to compromise networks and conduct malicious activity.
CUNA Senior Economist Dawit Kebede said the Labor Department’s May Employment Situation shows hiring much higher than the consensus expectation, signaling a stronger labor market. The report also revised up job gains in the prior two months by 93,000, bringing the three-month average job growth to 283,000.
The Senate passed the Fiscal Responsibility Act (H.R. 3746) late Thursday night, which extends the U.S. debt ceiling to Jan. 1, 2025. President Biden is expected to sign the measure shortly.
NCUA and other federal financial regulators issued a proposed rule regarding Automated Valuation Models (AVMs) Thursday, part of several efforts announced by the Biden administration to address racial bias in home valuations.
Credit union loans outstanding increased 0.8% in March,
compared to a 0.5% increase in February 2023, and a 1.7%
increase in March 2022, according to CUNA's latest Monthly Credit Union Estimates.
The CFPB will accept applications to its Credit Union Advisory Council and other advisory committees July 3 through 16. The CUAC advises the CFPB on regulating consumer financial products or services via the unique perspective of credit unions.
Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.