The Federal Communications Commission should not adopt its proposal to require callers to honor opt out requests within 24 hours, CUNA and ACA International wrote to the FCC in comments filed jointly this week, noting the proposal seems to create a new regulation.
NCUA is working with federally insured credit unions affected by the recent severe storms and flooding in Vermont to help protect consumers and ensure continuity of services. The NCUA is closely monitoring the situation to determine the operating status of credit unions in the flooded areas.
The Treasury’s Community Development Financial Institutions Fund’s Community Development Advisory Board met Monday, and its CDFI Certification Subcommittee provided several recommendations to the application process echoing credit union concerns and recommendations.
CUNA filed comments Monday in response to the Federal Housing Finance Agency’s request for information on tenant protections for Government-Sponsored Enterprise-backed multifamily properties. FHFA issued the RFI to collect data and information from multifamily stakeholders about the challenges tenants experience at multifamily properties.
The Senate passed its FY24 National Defense Authorization Act (NDAA) Thursday night without the interchange amendment CUNA, Leagues, and credit unions fought to exclude. Sponsors of the big box interchange bill attempted to push the bill through as an NDAA amendment.
The House Financial Services Committee advanced a resolution Thursday night to void the CFPB's section 1071 rule via the Congressional Review Act. CUNA wrote in support of the resolution at the start of the multi-day committee markup and supports a Senate resolution as well.
CUNA filed two comment letters Thursday in strong support of the CFPB proposal on Property Assessed Clean Energy (PACE) loans. The CFPB has proposed applying Regulation Z (which implements the Truth in Lending Act) to PACE loans.
CUNA joined other organizations Wednesday to strongly oppose numerous bills attempting to prohibit arbitration clauses, noting the attacks on arbitration are inaccurate, unnecessary, and would undermine an alternative to litigation that has benefited consumers, employees, and businesses for decades.
CUNA Senior Economist Dawit Kebede said Wednesday's Federal Reserve meeting shows headline inflation eased to 3% last month but the FOMC believes getting it back down to 2% target is not done yet. Core inflation, which excludes volatile food and energy prices and is indicative of future prices, is 4.8%.
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.