CUNA wrote to all members of Congress Thursday in recognition of the 75^th International Credit Union Day, highlighting the many ways not-for-profit financial cooperatives help people and communities succeed.

The NCUA board issued proposals on simplifying share insurance coverage rules and fair hiring and heard a cybersecurity update at its board meeting Thursday. The first proposal would amend the NCUA’s regulations governing share insurance coverage.

APCO Worldwide recognized CUNA as the top-rated association in Washington, D.C., in the areas of “bipartisanship” and “member representation,” ratings based on its study measuring the extent to which policy leaders believe associations are effective in achieving policy goals.

The CFPB released its personal financial data rights proposed rule Thursday, which lays out requirements for financial institutions, card issuers, and other payment facilitation providers to share certain consumer financial data with third-parties at the behest of consumers.

CUNA and NAFCU wrote to the Senate Banking, Housing, and Urban Affairs Committee bringing awareness to critical credit union issues prior to testimony from NCUA board nominee Tanya Otsuka, who will appear before the committee Thursday.

CUNA and the World Council of Credit Unions wrote to House and Senate appropriations subcommittees this week asking for consideration of credit union priorities in any supplemental funding legislation being prepared to aid Ukraine and Israel.

The Senate passed a joint resolution of disapproval Wednesday on the Consumer Financial Protection Bureau’s section 1071 rule, which would require credit unions to collect and report certain data on applications for credit. The resolution would void the rule through the Congressional Review Act.

CUNA, NAFCU, and the Virgnia Credit Union League filed an amicus brief in support of 1^st Advantage Credit Union Tuesday, noting a previous district court decision "turns a blind eye to the market pressures and industry norms" that support the transaction-processing measures in the lawsuit. 

Community Development Financial Institution-certified credit unions are key to achieving the mission of the CDFI movement, CUNA wrote a Senate committee hearing on CDFIs, also highlighting issues with CDFI-certified credit unions seeking to recertify, and the wait for Treasury to issue updated application requirements.

Both chambers of Congress are in Washington, D.C., this week. The House may hold a vote for speaker, while the Senate Banking Committee will hear testimony from NCUA board nominee Tanya Otsuka.