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CUNA, Leagues issue action alert in opposition to interchange bill

CUNA and Leagues issued an action alert urging credit union stakeholders to oppose the Credit Card Competition Act, introduced Wednesday. Messages can be sent to elected officials through CUNA’s Grassroots Action Center.

Policy & Issues

CUNA calls for CU parity on paying SIF assessments with Treasury securities

CUNA wrote the House Financial Services Subcommittee on Financial Institutions and Monetary Policy in response to two pieces of draft legislation discussed at its Tuesday hearing on treasury markets and financial institutions.

Policy & Issues

CUNA backs FCC proposal to block illegal text messages

CUNA and other organizations support the Federal Communications Commission’s efforts to identify and implement solutions to stop bad actors from sending fraudulent texts, CUNA wrote in reply to previous comments on the FCC’s proposal on targeting and eliminating unlawful text messages.

Policy & Issues

CUNA, League, credit union-opposed interchange bill reintroduced

Sens. Roger Marshall, R-Tenn., Dick Durbin, D-Ill., Peter Welch, D-Vt., and J.D. Vance, R-Ohio, introduced the CUNA, League, and credit union-opposed Credit Card Competition Act Wednesday. CUNA sent letters to House and Senate leadership Wednesday morning detailing the numerous negative effects the bill would have on credit unions, consumers, and small businesses.

Policy & Issues

NCUA to conduct June 21 webinar on combatting appraisal bias

NCUA is hosting a webinar to discuss federal government efforts to combat bias in home valuations and increase opportunities for homeownership and relevant resources available for consumers and credit union professionals. It will take place June 21 at 1 p.m. ET.

Policy & Issues

CUNA, trades release statement opposing interchange legislation

CUNA and other trade associations representing the financial services industry released the following joint statement opposing legislation creating new credit card routing mandates that would reduce access to credit for those who need it the most.

Three trends shaping the credit card industry

Policy & Issues

CUNA urges Congress to oppose interchange legislation

Credit unions urge members of Congress to oppose any legislation affecting the security and efficiency of the interchange system, CUNA Deputy Chief Advocacy Officer Jason Stverak wrote. Grocers are visiting Washington, D.C., this week and CUNA expects them to push for credit union-opposed interchange legislation.

Policy & Issues

'Junk fee,' blockchain hearings scheduled this week in D.C.

The House and Senate are in Washington, D.C., this week, with the House to consider legislation on the floor, and the Senate to consider executive nominations. Hearings of note will cover "junk fees," blockchain, and the U.S. dollar's status as a global reserve currency.

Enhancing Detection Improves Credit Union Cybersecurity & Compliance

Policy & Issues

Agencies release advisory on PRC state-sponsored malicious cyber activity

CISA and other domestic and international agencies published a joint Cybersecurity Advisory to highlight a People’s Republic of China state-sponsored actor, also known as Volt Typhoon, that is working to compromise networks and conduct malicious activity.

Policy & Issues

CUNA economics: Strong hiring in May

CUNA Senior Economist Dawit Kebede said the Labor Department’s May Employment Situation shows hiring much higher than the consensus expectation, signaling a stronger labor market. The report also revised up job gains in the prior two months by 93,000, bringing the three-month average job growth to 283,000.

Summer 2023

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.

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Policy & Issues
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CUNA, Leagues issue action alert in opposition to interchange bill

CUNA calls for CU parity on paying SIF assessments with Treasury securities

CUNA backs FCC proposal to block illegal text messages

CUNA, League, credit union-opposed interchange bill reintroduced

NCUA to conduct June 21 webinar on combatting appraisal bias

CUNA, trades release statement opposing interchange legislation

CUNA urges Congress to oppose interchange legislation

'Junk fee,' blockchain hearings scheduled this week in D.C.

Agencies release advisory on PRC state-sponsored malicious cyber activity

CUNA economics: Strong hiring in May

Summer 2023

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