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.
NCUA released the September 2023 update of its Simplified CECL Tool, which includes the latest life-of-loan, or Weighted Average Remaining Maturity, factors, and other enhancements to to determine the credit loss expense, or provision for credit losses, for the quarter that ends Sept. 30.
CUNA and NAFCU wrote to senate leaders this week in opposition of a “minibus” amendment that would create an “all-in” annual percentage rate (APR) cap of 36%. The organizations note that the provision would have a “seismic” impact on small-dollar loans and credit cards.
Credit Union Rock Stars are outstanding credit union professionals and directors from a wide range of disciplines who inspire and innovate to advance the missions of their credit unions. The 25 members of the 11th class of Rock Stars were selected for their exceptional creativity, innovation, and passion.