NCUA and other federal financial regulators issued a statement reminding suprvised institutions U.S. dollar LIBOR panels will end June 30 and institutions with USD LIBOR exposure should complete their transition of remaining LIBOR contracts "as soon as practicable."

CUNA wrote the House Financial Services Committee in support of several pieces of legislation to modernize the Consumer Financial Protection Bureau (CFPB) and ensure its approach to credit unions is measured and balanced.

The CFPB should recognize excessive or restrictive requirements would divert credit union resources from meeting member needs, CUNA wrote to in response to the CFPB’s request for information regarding the consumer credit card market.

Defense credit unions continue to serve our nation’s servicemembers and their families exceptionally well, CUNA and other credit union organizations wrote to House and Senate Armed Services Committee leaders Tuesday in advance of consideration of the FY24 National Defense Authorization Act (NDAA).

Sens. Sherrod Brown, D-Ohio, and J.D. Vance, R-Ohio, called on the Federal Reserve to ensure Ohio’s state-chartered credit unions can access the Bank Term Funding Program, a day after CUNA, AACUL and Leagues wrote the Fed with the same concerns.

CUNA will host the second in its free webinar series on the FedNow service April 25 at 2 p.m. ET. FedNow is the Federal Reserve’s real-time 24x7x365 payments service, and will start operating in July.

The EPA released implementation framework for its Greenhouse Gas Reduction Fund (GGRF), a $27 billion competitive grant program. Publication of the formal Notices of Funding Opportunities are expected as early as June, and the EPA has scheduled listening sessions starting the week of April 24.

CUNA joined the CDFI Coalition and more than 200 other organizations requesting $341 million for the Treasury’s CDFI Fund in FY24 in letter sent leaders of House and Senate Appropriations Committees and Financial Services and General Government Subcommittees.