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).
CUNA won two 2023 Reed Awards for political campaigning and grassroots advocacy for its efforts in the 2022 mid-term elections. The awards recognize excellence in political campaigning, grassroots, and advocacy.
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.
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.
The NCUA board issued a request for information (RFI) on climate-related financial risk and heard a briefing on the federal credit union loan interest rate ceiling Thursday. The RFI seeks comments regarding climate risks to credit unions, related entities, their members, and the NCUSIF.
CUNA joined other financial services organizations to request the Consumer Financial Protection Bureau extend the submission deadline for its revised Terms of Credit Card Plan survey to Sept. 1, the date for the next TCCP survey.
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.