Rural residents know what it’s like to live far away from physical financiual institution branches, CommunityAmerica Credit Union CEO Lisa Ginter wrote in The Tennessean, but the Credit Card Competition Act would cause losses of credit cards and other financial services.

NCUA released the December 2022 update of the Simplified CECL Tool Thursday, including the latest life-of-loan, or Weighted Average Remaining Maturity factors, as well as minor enhancements.

CUNA-League advocacy is about collaboration, CUNA President/CEO Jim Nussle wrote in CUInsight this week. He also highlighted common-sense, bipartisan priorities to work on in the 118th Congress, including data privacy and security, and cryptocurrency legislation. 

Congress released the text of an omnibus bill Tuesday morning that would fund the federal government through Sept. 30, 2023 and contains several credit union priorities. 

CUNA and other organizations wrote to Congressional committee leadership Tuesday with requesting a meeting regarding serious concerns over the proposed new Community Development Financial Institution certification application.

The CFPB's announcement regarding auto lending data contains insufficient information and leads to questions about the bureau’s assumptions, CUNA wrote in response to a bureau press release with an attached document concerning the collection of information related to auto lending.

CUNA supports the Interagency Community Investment Committee’s (ICIC) goal of improving the effectiveness of federal community investment programs, it wrote in response to a Request for Information on improving the operations and delivery of federal community investment programs.

CUNA has several concerns with the Treasury’s Community Development Financial Institutions (CDFI) Fund’s proposed Target Market Assessment Methodologies, particularly some that are likely violations of the Equal Credit Opportunity Act and Regulation B.

Credit unions and other financial institutions need a reasonable transition period to comply with sudden changes in the 2020 Home Mortgage Disclosure Act (HMDA) final rule, CUNA and other trades wrote to Federal Financial Institution Examination Council member agencies.