Bill Bynum, CEO of Hope FCU, Jackson, Miss., has been appointed to the Biden-Harris Agency Review Team for the CFPB, which will work to understand agency operations to prepare the President-elect, Vice president-elect and their cabinet.

Credit unions remain in a position to help consumers, but looming stress suggests Congress and regulators need to act quickly to avoid a deeper economic crisis, CUNA wrote to the Senate Banking Committee Tuesday.

CUNA will be engaged with two hearings this week involving regulators’ response to the pandemic, both featuring testimony from NCUA Chairman Rodney Hood, who will testify before the Senate Banking Committee and the House Financial Services Committee.

CUNA experts examine what a Biden administration and 117th Congress means for credit unions in a document released Monday. The CUNA-League system invested over $7 million in the 2020 election, with a 97% success rate as of Monday evening.

Jim Nussle, CUNA president/CEO issued a statement congratulating President-elect Joe Biden and Vice President-elect Kamala Harris for their victory, and noted the CUNA-League system looks forward to working to advance the credit union mission.

The 2020 election has positioned credit unions for success regardless of who wins the White House, CUNA Chief Advocacy Officer Ryan Donovan said Thursday during CUNA’s post-election webinar. A recording of the webinar is available.

The proposed CDFI Certification Application is flawed and should be reconsidered, CUNA wrote to the Treasury Thursday. The Treasury’s CDFI Fund recently proposed potential revisions to the application as part of its ongoing review of policies and procedures.

Commenters on proposed TRACED Act regulatory amendments support CUNA’s position of retaining current exemptions, CUNA wrote to the FCC this week in reply to a review of the Telephone Consumer Protection Act provisions mandated by the TRACED Act.

CUNA President/CEO Jim Nussle said credit unions made an impact on the incoming Congress.

The CUNA-League system helped to elect a credit union majority in the 117th Congress.