Ballast Research named the CUNA-League system as the most credible trade association in Washington, D.C., across all industries, based on an independent study of Washington policymakers, also the the sixth year in a row CUNA was cited as the most influential financial services trade association.
NCUA invites credit unions to sign up for information on topics related to Call Reports and cybersecurity. Call Report information will specifically address the 5300 Call Report and the credit union profile.
NCUA released the first update of the Simplified CECL Tool to enable credit unions to test and calibrate the tool to estimate the allowance for credit losses on loans and leases as of September 30, 2022. The update includes the latest life-of-loan, or Weighted Average Remaining Maturity factors, as well as minor enhancements.
Attaching the Credit Card Competition Act to the Senate FY23 National Defense Authorization Act (NDAA) is inappropriate, CUNA Deputy Chief Advocacy Officer Jason Stverak wrote to all 535 Congressional offices Thursday.
The Federal Financial Institutions Examination Council released an update to the Cybersecurity Resource Guide for Financial Institutions, designed to help financial institutions meet their security control objectives and prepare to respond to cyber incidents.
CUNA and other organizations wrote in strong opposition to attaching the Marshall-Durbin interchange bill to the FY23 National Defense Authorization Act in a letter to Congressional leaders. The bill has been filed as an amendment to the Senate NDAA.
CUNA announced Tuesday it will spend more than $2.5 million on advertisements in support of eight credit union champions for the U.S. Senate and House of Representatives, bringing its total spend for the 2022 midterm elections to $6.5 million.
The Federal Reserve issued its final rule amending Reg II’s debit card routing requirements, a rule CUNA, Leagues, and credit unions strongly opposed. It would require debit card issuers to offer two unaffiliated networks which must also be capable of processing transactions under a new framework.
A joint agency proposed policy statement on commercial real estate (CRE) loan accommodations and workouts is a thorough and well-supported update to existing guidance, CUNA wrote to NCUA Monday. NCUA—and other federal financial regulators—proposed the update, as the last one was made in 2009.
Credit Union Magazine’s Fall 2022 issue highlights credit unions’ role in cryptocurrency, the state of digital assets, cannabis banking compliance, the human side of technology implementation, and involving the board in financial discussions.