Credit Union House held its 22^nd Annual Meeting of Members Feb. 26 at the Marriott Marquis Hotel. During the meeting, an election was held to name directors to the board for the 2023-2024 term. 

NCUA announced Thursday its 2023 DEI Summit will take place Nov. 1-2 in the Washington, D.C., metro area. Attendees will explore the value proposition of diversity, equity, and inclusion within the credit union industry, share best practices, engage in active networking, and more. 

LSCU and credit unions met with Treasury Assistant Secretary for Financial Institutions Graham Steele this week to discuss the importance of overdraft and insufficient funds programs after statements made about the future of overdraft services and fees from the administration and CFPB.

The Consumer Financial Protection Bureau announced the appointment of new members to the Credit Union Advisory Council and other advisory committees. All new—and existing—members come from CUNA member credit unions.

LaBorde thanked U.S. credit unions for their support and highlighted ways they can learn from the global movement to improve their own operations.

Sens. Kyrsten Sinema, I-Ariz., Bill Hagerty, R-Tenn., Alex Padilla, D-Calif., and Thom Tillis, R-N.C., introduced CUNA-League led legislation to update the Federal Credit Union Act to allow federal credit union boards to meet six times per year (instead of the current once per month).

CUNA joined other organizations to request at least a 60-day extension of the comment deadline for the Consumer Financial Protection Bureau’s proposal on credit card late fees. The CFPB proposed the rule in February with a 60-day comment deadline.

CUNA generally supports NCUA’s proposed rule on loan participations, it wrote to the agency Tuesday, but believes NCUA provide more clarity. CUNA also noted ability to conduct transactions under these rules is extremely valuable to credit unions.

Sens. Mazie Hirono, D-Hawaii, and Dan Sullivan, R-Alaska, introduced legislation Tuesday to exempt credit union loans made to veteran-owned businesses from the member business lending cap.