CUNA Senior Economist Dawit Kebede provides a macroeconomic and credit union forecast for 2023 in the May 2023 CUNA Economic Update, noting demand for loans and supply of credit will be impacted after the failure of several banks.
CUNA wrote the House Appropriations Subcommittee on State, Foreign Operations, and Related Programs Friday in strong support of several international credit union priorities, including the Cooperative Development Program and Credit for Agriculture Producers' Technical Assistance Project.
The Federal Housing Finance Agency’s recalibration of the credit scoring framework, including implementing a “bi-merge” credit reporting policy, does not adequately address impacts of the changes, CUNA and other organizations wrote to the FHFA Thursday
The House Appropriations Subcommittee on Financial Services and General Government released its FY24 draft bill with provisions moving CFPB funding to appropriations process and replacing the single director with a bipartisan, five-member commission.
NCUA announced Thursday it is rescinding much of its pandemic-related guidance to credit unions. This follows the end of the federal government’s COVID-19 public health emergency declaration on April 10.
The NCUA board approved a proposal about the agency’s MDI Preservation Program and issued a request for comment on its operating fee schedule methodology at its meeting Thursday. The board also heard a briefing on efforts to modernize the chartering process for federal credit unions.
CUNA Chief Political Officer Richard Gose spoke with CUBroadcast on the latest credit union advocacy against the Durbin-Marshall-Gooden-Lofgren interchange bill, and why credit unions are so concerned with the bill. Gose encouraged viewers to contact policymakers to oppose the bill using CUNA's Grassroots Action Center.
Sens. Steve Daines, R-Mont., and Mark Warner, D-Va., were among the legislators Wednesday expressing support for additional transparency at the CDFI. CUNA and Leagues support a bipartisan House bill that would require annual testimony before Congress from the CDFI Fund.
Far from increasing credit card competition, the Marshall-Durbin-Gooden-Lofgren interchange bill would hurt consumers and small businesses while benefitting big box retailers, CUNA, the American Association of Credit Union Leagues, and all state Leagues and Associations wrote to House and Senate leaders Wednesday.
Interchange works, CUNA wrote to members of Congress Tuesday in advance of restaurant lobby visits to Capitol Hill. The visits are expected to support the interchange bill strongly opposed by CUNA, Leagues, and credit unions.