Increasing diversity, equity, and inclusion in the credit union movement is the right thing to do and is good business, CUNA President/CEO Jim Nussle said Tuesday during NCUA’s DEI summit during a panel moderated by CUNA Vice President of DEI Samira Salem.

Data privacy and security continues to be a major concern, and credit unions call on Congress to pass a robust national data security standard that would cover all entities that collect consumer information and hold those who jeopardize that data accountable.

Two credit union-supported candidates were successful in Tuesday’s special elections in Ohio, Shontel Brown and Mike Carey. Both candidates were supported by the Credit Union Legislative Action Council, CUNA’s federal Political Action Committee, and the Ohio Credit Union League.

The G20 reaffirmed its support for CUNA and World Council of Credit Unions' call for national-level regulators put a greater focus on proportionality in the newly released G20 Rome Leaders’ Declaration, which embraces a commitment to enhancing financial inclusion.  

Increased Internal Revenue Service (IRS) reporting requirements would not increase financial inclusion and equity, CUNA wrote with other cooperatives to President Joe Biden and leaders in Congress and the administration.

NCUA and the Federal Deposit Insurance Corporation are cohosting a webinar focused on helping young people (ages 16–24) on the road to financial stability Nov. 16, beginning at 3 p.m. ET. Registration for the hour-long webinar is now open.

CUNA will be engaged with several hearings on Capitol Hill this week, including ones related to consumer data-related cyberthreats. The House is expected to release the complete text of its reconciliation bill and potentially vote on it by the end of the week.

Politico, one of the most influential Beltway publications, covered the major CUNA/League efforts to oppose expanded Internal Revenue Service (IRS) reporting, which was left out of reconciliation legislation released Thursday.

A provision requiring increased financial institution reporting to the IRS was not included in reconciliation legislation unveiled by Congressional leaders today. CUNA, Leagues, and credit unions helped generate more than 785,000 messages to Capitol Hill sharing concerns with the proposal.

The White House's reconciliation framework does not contain the credit union-opposed provision requiring increased reporting to the Internal Revenue Service, according to reports Thursday. CUNA, Leagues, and credit unions strongly pushed back against the proposed provision since it was first discussed in the summer.