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Senate passes resolution of disapproval for CFPB’s 1071 rule

The Senate passed a joint resolution of disapproval Wednesday on the Consumer Financial Protection Bureau’s section 1071 rule, which would require credit unions to collect and report certain data on applications for credit. The resolution would void the rule through the Congressional Review Act.

Policy & Issues

CUNA, NAFCU, Va. League file brief supporting credit union in appeals court

CUNA, NAFCU, and the Virgnia Credit Union League filed an amicus brief in support of 1^st Advantage Credit Union Tuesday, noting a previous district court decision "turns a blind eye to the market pressures and industry norms" that support the transaction-processing measures in the lawsuit.

Policy & Issues

Challenging environment exists for CDFI CUs looking to serve

Community Development Financial Institution-certified credit unions are key to achieving the mission of the CDFI movement, CUNA wrote a Senate committee hearing on CDFIs, also highlighting issues with CDFI-certified credit unions seeking to recertify, and the wait for Treasury to issue updated application requirements.

Policy & Issues

NCUA board nominee Otsuka to appear before committee this week

Both chambers of Congress are in Washington, D.C., this week. The House may hold a vote for speaker, while the Senate Banking Committee will hear testimony from NCUA board nominee Tanya Otsuka.

Policy & Issues

CUNA supports GGRF applications from credit union organizations

CUNA wrote in support of two credit union organizations’ applications for funding under the Environmental Protection Agency’s Greenhouse Gas Reduction Fund. CUNA provided Ecority and Inclusiv with letters of support, which they included with their applications.

Policy & Issues

Nussle, Berger: Banks continue to get credit union difference wrong

CUNA President/CEO Jim Nussle and NAFCU President/CEO Dan Berger set the record straight on the credit union difference in response to another attack from bankers questioning the credit union industry’s tax exemption and motives.

Policy & Issues

Registration open NCUA’s Oct. 19 'Serving the Hispanic Market' webinar

Panelists from Coopera and Inclusiv will share success stories and tips on developing a strategy to serve the growing Hispanic community, as well as information about the credit union diversity self-assessment, during an Oct. 19 webinar hosted by NCUA.

Policy & Issues

Insurance rules simplification proposal on NCUA’s Oct. 19 agenda

The NCUA Board will vote on proposals related to simplification of insurance rules and fair hiring in banking at its Oct. 19 meeting.
The meeting is scheduled to begin at 10 a.m. ET, and will be streamed live on NCUA.gov.

Policy & Issues

CUNA economics: Headline inflation remains unchanged

CUNA Senior Economist Dawit Kebede said the September Consumer Price Index Report shows headline inflation remained unchanged in September, and declining core inflation indicates that prices are moving towards the Federal Reserve's target.

Policy & Issues

NCUA Board announces 2024 meeting schedule

NCUA released its monthly meeting schedule for 2024. All open board meetings will take place at the NCUA’s central office in Alexandria, Va., and livestreamed on NCUA.gov and are scheduled to begin at 10 a.m. ET.

Winter 2023

The Winter 2023 issue of Credit Union Magazine explores award-winning marketing, board training on a budget, developments in instant payments, service to small businesses, and NCUA’s final rule on member expulsion.

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Policy & Issues
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Senate passes resolution of disapproval for CFPB’s 1071 rule

CUNA, NAFCU, Va. League file brief supporting credit union in appeals court

Challenging environment exists for CDFI CUs looking to serve

NCUA board nominee Otsuka to appear before committee this week

CUNA supports GGRF applications from credit union organizations

Nussle, Berger: Banks continue to get credit union difference wrong

Registration open NCUA’s Oct. 19 'Serving the Hispanic Market' webinar

Insurance rules simplification proposal on NCUA’s Oct. 19 agenda

CUNA economics: Headline inflation remains unchanged

NCUA Board announces 2024 meeting schedule

Winter 2023

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