Cyberattacks and cybersecurity vulnerabilities pose significant threats to the financial system and CUNA is dedicated to supporting cybersecurity practices that mitigate these risks, it wrote to the Cybersecurity and Infrastructure Security Agency (CISA) Monday.
Both chambers of Congress are back in Washington, D.C., this week. The Senate is expected to consider the FY23 National Defense Authorization Act and NCUA Chairman Todd Harper will testify before committees Tuesday and Wednesday.
CUNA Senior Economist Dawit Kebede said the Labor Department’s October Consumer Price Index Report shows report shows signs of inflation prices slowing down, but 7.7% headline inflation is still much higher than the Federal Reserve's target.
CUNA’s election site, CUNA.org/elections, has been newly updated with CUNA’s post-election analysis, including a list of current results, and ads in support of candidates. CUNA, CULAC, and Leagues invested more than $6.6 million in the midterms.
CUNA Deputy Chief Advocacy Officer Jason Stverak wrote to all members of Congress Wednesday with several credit union priorities for the remainder of the year, including opposing interchange legislation and supporting the Credit Union Board Governance Modernization Act.
Credit union champions from around the country were victorious in Tuesday’s mid-term elections. CUNA, Leagues, and CUNA’s federal PAC, the Credit Union Legislative Action Council, invested $6.6 million in support of 398 candidates on the ballot Tuesday.
The Credit Card Competition Act would harm consumers and take money out of their pocket, Eglin Federal Credit Union President/CEO Jerry Williams wrote in The Capitolist, also objecting to attempts to attach the bill to the National Defense Authorization Act.
Credit unions support the “whole-of-government” approach to digital assets to ensure appropriate oversight and regulation of the marketplace, CUNA wrote to the Treasury’s Office of Strategic Policy, Terrorist Financing and Financial Crimes.
Credit Union Magazine’s Fall 2022 issue highlights credit unions’ role in cryptocurrency, the state of digital assets, cannabis banking compliance, the human side of technology implementation, and involving the board in financial discussions.