The Federal Reserve issued a proposal Wednesday to make significant changes to the current debit card interchange cap.
CUNA strongly opposes any changes—legislative or regulatory—to the current interchange system.

Rep. Mike Johnson, R-La., was elected the 56th Speaker of the House Wednesday. Johnson—first elected to Congress in 2016—is a credit union member and supporter.  

Achieving a balance between facilitating legitimate calls while preventing illegal calls is necessary to restore trust in our communications network, CUNA wrote to a Senate subcommittee Tuesday for its hearing on robocalls. 

Both chambers of Congress are in Washington, D.C., this week. CUNA will be engaged with a Senate Commerce subcommittee hearing on robocalls, and a House Financial Services subcommittee hearing on buy now, pay later" products.

CUNA , NAFCU, and other organizations wrote to the Federal Reserve Board, urging it to reject merchant requests for further changes to Regulation II governing debit card interchange fees. It will meet Oct. 25 to discuss ‘proposed revisions to the debit interchange fee cap.’

Credit union loans outstanding increased 0.8% in August, compared to a 0.7% increase in July of 2023 and a 1.7% increase in August of 2022, according to CUNA's latest Monthly Credit Union Estimates.

CUNA wrote to all members of Congress Thursday in recognition of the 75^th International Credit Union Day, highlighting the many ways not-for-profit financial cooperatives help people and communities succeed.

The NCUA board issued proposals on simplifying share insurance coverage rules and fair hiring and heard a cybersecurity update at its board meeting Thursday. The first proposal would amend the NCUA’s regulations governing share insurance coverage.

APCO Worldwide recognized CUNA as the top-rated association in Washington, D.C., in the areas of “bipartisanship” and “member representation,” ratings based on its study measuring the extent to which policy leaders believe associations are effective in achieving policy goals.

The CFPB released its personal financial data rights proposed rule Thursday, which lays out requirements for financial institutions, card issuers, and other payment facilitation providers to share certain consumer financial data with third-parties at the behest of consumers.