CUNA wrote House leadership Thursday in support of its latest appropriations Act for Fiscal Year 2021, which contains CUNA-supported funding for the Treasury’s Community Development Financial Institutions Fund and NCUA’s Community Development Revolving Loan Fund, two important grant programs for credit unions.
Today is National Voter Registration day, and CUNA’s CreditUnionsVote.com is continually updated with the latest information on how to vote in each state—including options to vote by mail and other accommodations for the COVID-19 health emergency.
CUNA and the National Credit Union Foundation held a meeting last week on ways credit unions can foster financial well-being among their members and communities and what barriers exist and how the credit union model is positioned to reach marginalized populations.
NCUA finalized its latest field-of-membership rule Thursday at its board meeting, re-instating portions of the rule vacated in March 2018 by a U.S. District Court Decision. Those portions of the rule were upheld by a August 2019 D.C. Circuit Court of Appeals decision.
CUNA Vice President, Diversity, Equity and Inclusion Samira Salem said she expects economic growth to remain muted in the fall and winter months as “we adjust to this new normal of mask wearing, and social distancing" in CUNA's latest Economic Update.
Additional flexibility and compliance assistance will be needed from the CFPB for the duration of the pandemic, CUNA wrote to the House Financial Services Committee Wednesday before CFPB Director Kathy Kraninger gives her semi-annual testimony before the committee Thursday.
CUNA and other organizations oppose an Office of the Comptroller of the Currency proposed narrow-purpose payments charter, the organizations wrote to the agency Wednesday. The OCC recently discussed the possibility of a narrow-purpose payments charter.
The Senate Republican COVID-19 relief legislation unveiled this week, the HEALS Act, contains CUNA-supported liability protection, as well as other Paycheck Protection Program reforms. The House passed its COVID-19 relief bill, the HEROES Act, in May.
The CFPB has made substantial efforts to assist credit unions during the pandemic, but additional flexibility and compliance assistance for the duration of the pandemic may be needed, CUNA wrote prior to Director Kathy Kraninger's Wednesday testimony before the Senate Banking Committee.
Senate Republicans unveiled their version of the next phase of COVID-19 relief legislation late Monday, the HEALS Act. CUNA President/CEO Jim Nussle called on legislators to include Paycheck Protection Program (PPP) forgiveness language in the bill.