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Congress agrees on bill to fund government, NFIP through Nov. 17

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.

Policy & Issues

HUD proposal would reduce regulatory burden, reflect consumer preferences

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.

Policy & Issues

Leagues, credit unions meet with policymakers during Washington, D.C., visits

Leagues and credit unions from Michigan, Minnesota, New Jersey, Pennsylvania, and West Virginia were in Washington, D.C. to advocate for credit union issues in the last week of September.

Policy & Issues

Sen. Dianne Feinstein dies at 90

Sen. Dianne Feinstein, D-Calif., died Thursday 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.

Policy & Issues

NCUA awards $3.1M through expanded CDRLF grants

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.

Policy & Issues

FinCEN issues Small Entity Compliance Guide for BOI reporting rule

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.

Policy & Issues

CUNA meets with FCC on TCPA, call blocking proposals

CUNA, NAFCU, and other organizations met with the Federal Communications Commission several times in recent weeks on the Telephone Consumer Protection Act (TCPA) and TRACED Act rulemakings

Policy & Issues

Senate Banking Committee passes cannabis banking bill

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.

Compliance: CECL implementation delay made official by FASB

Policy & Issues

NCUA releases update September update to Simplified CECL Tool

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.

Policy & Issues

CUNA, NAFCU write in opposition of ‘all-in’ 36% rate cap

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.

Rock Stars 2023

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.

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Policy & Issues
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Congress agrees on bill to fund government, NFIP through Nov. 17

HUD proposal would reduce regulatory burden, reflect consumer preferences

Leagues, credit unions meet with policymakers during Washington, D.C., visits

Sen. Dianne Feinstein dies at 90

NCUA awards $3.1M through expanded CDRLF grants

FinCEN issues Small Entity Compliance Guide for BOI reporting rule

CUNA meets with FCC on TCPA, call blocking proposals

Senate Banking Committee passes cannabis banking bill

NCUA releases update September update to Simplified CECL Tool

CUNA, NAFCU write in opposition of ‘all-in’ 36% rate cap

Rock Stars 2023

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