The Small Business Administration finalized changes to its 7(a) and 504 loan programs, changes CUNA believes will ultimately harm the borrowers the SBA intends to aid. CUNA wrote to SBA leadership and Congress in recent months calling for the proposals to be withdrawn.
The NCUA board will be briefed on the federal credit union interest rate ceiling and issue a request for information on climate-related financial risk at its April 20 meeting. CUNA requested NCUA consider increasing the fixed rate cap or adopting a floating rate cap.
CUNA Senior Economist Dawit Kebede said the Labor Department’s March Consumer Price Index Report shows the lowest price increase since May 2021, encouraging news for the Federal Reserve fighting to bring inflation down to 2% target.
NCUA will host an April 26 webinar to discuss the upcoming 2023 Community Development Revolving Loan Fund grant round and other topics of interest to small and MDI credit unions. Registration is now open for this webinar, which will begin at 2 p.m. ET and run approximately 75 minutes.
NCUA issued a Regulatory Alert on Home Mortgage Disclosure Act data collection requirements for the calendar year 2023. Credit unions that meet all four criteria must collect HMDA data during calendar year 2023 and submit the data to the CFPB no later than March 1, 2024.
CUNA Senior Economist Dawit Kebede said the Labor Department’s March Employment Situation shows slower hiring rate, moderate wage growth, reduced vacancies, and increased participation, each steps in the right direction for the Federal Reserve's objective of bringing inflation down to target.
Emerging credit union leaders under the age of 40 and women of any age can apply for a new fellowship program to designate one person from each category as “Observers” on the World Council of Credit Unions’ Board of Directors. Applicants are due by May 15.
CUNA, Leagues, and credit unions take their work around financial well-being seriously 12 months a year, CUNA Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak wrote to all 535 members of Congress Wednesday.
CUNA and the Alaska Credit Union League filed an amicus brief with the Alaska Supreme Court in support of Alaska USA Federal Credit Union’s claim to surplus funds from a nonjudicial foreclosure sale of real property.
CUNA and other organizations wrote in opposition to the Consumer Financial Protection Bureau’s recent proposal to create a public registry of companies that use certain contract terms and agreements, most significantly, arbitration agreements.
Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.