CUNA Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak spoke with CBS21 on credit unions' efforts against the big box interchange bill and how it would negatively impact everyone except the biggest retailers.
The Treasury’s Community Development Financial Institutions Fund has opened the FY 2024 funding round for the Community Development Financial Institutions program and Native American CDFI Assistance program. The CDFI Fund plans to award approximately $462 million in FY 2024 awards
CUNA posted initial analysis of the Community Development Financial Institution Certification Application on CUNA’s Compliance Community, and while it will take weeks to dig into the complete details, changes appear to be ultimately positive.
The House and Senate are in Washington, D.C., this week and both are expected to consider the conference report for the FY24 National Defense Authorization Act (NDAA), in addition to other legislative matters. The NDAA contains no financial services-related provisions.
The NCUA Board will vote on a final 2024-25 budget and issue a request for comment on its Overhead Transfer Rate (OTR) methodology at its Dec. 14 meeting. The meeting is scheduled to begin at 10 a.m. ET and will be streamed live on NCUA.gov.
The CFPB took action Thursday against Atlantic Union Bank for enrolling thousands of customers in overdraft programs covered by the Electronic Fund Transfer Act without the proper consent. The consent order covered both in-person consumers and consumers who opened accounts by phone.
America’s credit unions play an integral role in helping working families achieve homeownership, CUNA and NAFCU wrote to a House Financial Services subcommittee in advance of its hearing on housing affordability.