The House passed the CUNA-supported Fair Hiring in Banking Act (H.R. 5911) Wednesday. The bill would replace the current ban on those interested in working in the banking sector with previous minor criminal records.
Three credit union supporters were successful in Tuesday’s primary elections in Nebraska and West Virginia. They were supported by the Nebraska Credit Union League and the Credit Union Legislative Action Council, CUNA’s federal political action committee.
Credit union loans outstanding increased 1.6% in March, compared to a 1.1% increase in February of 2022 and a 0.1% increase in March of 2021, according to CUNA’s latest Monthly Credit Union Estimates.
The House and Senate are both in Washington, D.C., this week. The House will consider the CUNA-supported Fair Hiring in Banking Act, which would replace the current ban on those interested in working in the banking sector with previous minor criminal records.
CUNA supports the CFPB's proposal amending the Fair Credit Reporting Act to assist victims of human trafficking. The proposal would implement FCRA amendments to establish a method for a victim of trafficking to submit documentation to consumer reporting agencies.
CUNA is coordinating with League of Southeastern Credit Unions & Affiliates on a six-figure targeted member communications campaign in support of Katie Britt for U.S. Senate to replace the retiring Sen. Richard Shelby, R-Ala.
Credit unions’ unique characteristics produce significant pro-consumer benefits, according to CUNA’s 2022 National Voter Poll, as they unambiguously translate to greater financial resilience and higher levels of financial well-being for credit union members.
CUNA issued an action alert Friday calling on the Senate Judiciary Committee to oppose any changes to the current interchange system ahead of a May 4 hearing.
Financial institutions should be permitted to lawfully serve businesses that engage in cannabis-based businesses authorized under their state laws, even when such activity may be inconsistent with federal law, said CUNA in a letter to Senate leadership Friday.
CUNA called on the National Credit Union Administration (NCUA) this week to provide additional prompt corrective action (PCA) relief that would help credit unions remain operational in the wake of the COVID-19 pandemic.