CUNA Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak noted that despite bank attacks on the credit union tax status, credit union financial benefits exceed the value of the “expenditure” by an average of 8.8 times for the last 15 years.

Two stablecoin bills considered by the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion are solid starts, but CUNA suggested several revisions in a letter to the subcommittee.

The CFPB's timing study on “junk fees” has not met the public comment obligations under the Paperwork Reduction Act (PRA) and should not receive a general clearance, CUNA wrote to the White House Office of Information and Regulatory Affairs.

The NCUA Board will vote on a charitable donation account proposed rule and hear a quarterly update on the share insurance fund at its May 25 meeting, which will be streamed live on NCUA.gov.

CUNA wrote the Senate Banking, Housing, and Urban Affairs Committee in support of the credit union position on third party vendor authority, privately insured credit unions, deposit insurance reform, and the Central Liquidity Facility. 

The Federal Housing Finance Agency (FHFA) should be more transparent in its pricing of guarantee fees, CUNA wrote to the House Financial Services Subcommittee on Housing and Insurance. The comments were submitted for the record of the subcommittee’s Wednesday hearing on housing affordability.

The Federal Housing Finance Agency (FHFA) issued a Request for Input on Government-sponsored Enterprises (GSE) Fannie Mae and Freddie Mac’s single-family pricing framework, seeking feedback on the goals and policy priorities that FHFA should pursue in its oversight of the pricing framework.

Credit unions support the same social program impacts identified in the Federal Housing Finance Agency’s Enterprise single-family social bond policy request for input, CUNA wrote to FHFA Wednesday. FHFA is considering establishing such a program for issuance by Government-sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac to investors.

CUNA highlighted the credit union system’s overall health and supported several NCUA-related priorities in a letter to the House Financial Services Committee for the record of its hearing on oversight of federal financial regulators.