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.
CUNA, NAFCU, and the Virgnia Credit Union League filed an amicus brief in support of 1st 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.
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.
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.
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.
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.
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.
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.
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.
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.