CUNA submitted a letter to the Secretary for the Board of Governors of the Federal Reserve Ann Misback on Friday in response to the Board’s proposed guidelines for evaluating account and services requests.
World Council of Credit Unions' (WOCCU) Economic Inclusion Project (EIP), a USAID-funded activity, and the National Federation of Credit Unions of Peru (FENACREP) recently launched a new initiative called “The Strengthening Route.”
Comments on several items of relevant to credit unions are due in the next several weeks. For a complete list, visit CUNA’s Letters and Testimonies page.
Credit union trainers have the opportunity to network with peers, learn from expert speakers, and be recognized for their work during CUNA Experience Learning Live!
The House passed the CUNA/League-supported Secure and Fair Enforcement (SAFE) Banking Act Thursday night as an amendment attached to the America COMPETES Act. The SAFE Banking Act would provide protections to financial institutions serving cannabis-based businesses where it is legal
CUNA fears cryptocurrency and blockchain based financial platforms are creating an unregulated financial sector that could have major repercussions to the economy, and notes while they allow for innovation, they must be overseen.
A Senate bill introduced Thursday could reduce access to credit from reputable lenders, said CUNA President/CEO Jim Nussle in a statement. The bill would cap fees and interest for all consumer loans at a 36% “all-in” annual percentage rate (APR).
CUNA President/CEO Jim Nussle spoke with NCUA Vice Chairman Kyle Hauptman Monday on credit union pandemic-related issues and how NCUA can work to support credit unions through the pandemic and economic recovery.