Cory Montez Hairston, president/CEO of Congressional Federal Credit Union, died suddenly last week on August 16. 

Adjustable-rate mortgages led loan growth during the month, rising 2.8%.

The credit union difference was on display for state legislators over the past few weeks as CUNA, Leagues, and credit unions attended the American Legislative Exchange Council (ALEC) in Orlando and the National Conference of State Legislatures (NCSL) in Indianapolis.

CUNA, Cornerstone League, and Rally Credit Union filed to join an Emergency Motion for Preliminary Injunction in the U.S. District Court for the Southern District of Texas to include credit unions in court action already in effect that stops implementation of the CFPB's section 1071 rule.  

NCUA issued a Letter to Credit Unions on the cyber incident notification requirements that go into effect Sept. 1. Credit unions will be required to notify the NCUA no later than 72 hours after the credit union reasonably believes it has experienced a reportable cyber incident.

It’s time to update the Federal Credit Union Act and allow credit unions to broaden their fields of membership to promote financial inclusion, CUNA Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak wrote to members of Congress Tuesday.

CUNA and ACA International filed reply comments with the Federal Communications Commission (FCC) regarding its proposal on revocation of consent under the Telephone Consumer Protection Act (TCPA). The proposal would require a 24-hour turnaround time to implement a consumer’s revocation of consent.

The U.S. District Court for the Southern District of Texas granted the motion to intervene filed by CUNA, the Cornerstone League, and Rally Credit Union Monday. The court’s order paves the way for CUNA, Cornerstone, and Rally, now intervenors in the case, to file a motion to ensure the injunction applies to credit unions.

CUNA urges the Federal Housing Finance Agency to provide more data to the public on how the application of its Enterprise Regulatory Capital Framework (ECRF) will affect guarantee fees before making any policy decisions. CUNA’s comments were sent in response to FHFA’s Fannie Mae and Freddie Mac single-family mortgage pricing framework Request for Input (RFI).