Treasury Secretary Janet Yellen and Secretary of State Anthony Blinken are scheduled to testify before Congressional appropriators this week, and CUNA is also engaged with small business and cybersecurity hearings.
CUNA Deputy Chief Advocacy Officer Jason Stverak encouraged members of Congress to visit credit unions in their state during the upcoming recess and to visit CUNA's Advancing Communities website to see how credit unions are making an impact on members and communities.
The CFPB must release the underlying data on which its credit card late fee proposal is based on and extend the comment deadline to give time for stakeholders to analyze the data, CUNA and other organizations wrote Thursday.
The NCUA Board approved its final rule on subordinated debt at its Thursday meeting. Board members also reiterated the safety and soundness of the credit union system in the wake of the Silicon Valley Bank collapse.
CUNA Senior Economist Dawit Kebede said the February Consumer Price Index Report shows the smallest increase since December 2021, and there may be more reduction in the next few months as the CPI starts showing reduction in housing rents.
Credit Union Magazine’s Spring 2023 issue features the 2023 Credit Union Heroes and examines CUNA-League advocacy priorities, board leadership, the impact of financial well-being efforts, fee-related compliance issues, predictions for the year ahead, and more.