CUNA, NAFCU, and other organizations wrote to the CFPB Friday with concerns over the condensed timeframe outlines for Small Entity Representatives (SERs) to comment on its Fair Credit Reporting Act (FCRA) rulemaking and requesting the timeline laid out for SBREFA panel participants be delayed to no earlier than Oct. 17.
CUNA wrote to new Federal Communications Commission Commissioner Anna Gomez congratulating her on her appointment, introducing her to credit unions, and sharing CUNA priorities currently before the FCC. Gomez was confirmed by the Senate in September for a term ending July 1, 2026.
Congress passed and President Joe Biden signed legislation Saturday to fund the federal government through Nov. 17, averting a government shutdown. The bill also funds the National Flood Insurance Program through Nov. 17.
CUNA applauds HUD's proposal on modernizing engagement with mortgagors in default, noting they are supported by data, will reduce the regulatory burden in reaching out to mortgagors in default, and reflect consumer preferences in a post-pandemic world.
Sen. Dianne Feinstein, D-Calif., diedThursday evening at the age of 90. CUNA President/CEO Jim Nussle and California/Nevada Credit Union League President/CEO Diana Dykstra remembered her as a friend to and believer in credit unions.
NCUA awarded $3.1 million in Community Development Revolving Loan Fund grants to 142 low-income and minority depository institutions, ranging from $1,000 to $50,000 to credit unions in 40 states and the District of Columbia.
FinCEN published a Small Entity Compliance Guide to assist the small business community in complying with the beneficial ownership information (BOI) reporting rule, intended to help businesses determine if they are required to report their beneficial ownership information.
The Senate Banking, Housing, and Urban Affairs Committee passed the CUNA and League-supported Secure and Fair Enforcement Regulation (SAFER) Banking Act Wednesday with a 14-9 vote. The bill would provide a safe harbor for financial institutions and employees serving legal cannabis-based businesses.
The Winter 2023 issue of Credit Union Magazine explores award-winning marketing, board training on a budget, developments in instant payments, service to small businesses, and NCUA’s final rule on member expulsion.