The current safe harbor for late fees should remain in place, as any changes would have significant adverse impact on smaller financial institutions and consumers, CUNA wrote to the Consumer Financial Protection Bureau (CFPB) Monday.
The House is in recess this week, the Senate is in Washington, D.C., and is expected to consider reconciliation legislation. The House may return next week to vote on reconciliation if it passes the Senate.
CUNA Senior Economist Dawit Kebede discusses whether or not the U.S. is in a recession, the implications of the Fed's rate increases, and how credit unions are performing in an high-inflation, high-interest rate environment in CUNA's latest Economic Update video.
The Cooperative Credit Union Association released its latest membership impact report, highlighting how the Association, in partnership with CUNA, works protect credit union interests in Washington, D.C., and their home states.
NCUA's third annual summit focused on diversity, equity, and inclusion will take place November 2-4. The theme of this year’s event is All-In on DEI & ACCESS. ACCESS represents NCUA’s initiative for Advancing Communities through Credit, Education, Stability and Support.
Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kansas introduced the Credit Card Competition Act Thursday evening, which poses a serious threat to sensitive financial data for millions of consumers by allowing the nation’s largest retailers to bypass established secure payment networks. CUNA strongly opposes the bill.
The Federal Reserve’s actions will impact every sector of the economy as it tries to tamp down the impact of inflation, CUNA Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak told WDUN’s Martha Zoller.
CUNA Senior Economist Dawit Kebede said two consecutive quarters of GDP decline doesn't mean the U.S. economy is in a recession, as consumer spending and a strong labor market continue to be "the firewall against a significant and widespread decline in economic activity."
The Senate Appropriations Committee Thursday released its 12 fiscal year 2023 appropriation bills. The House passed six of its appropriations bills, including the FY23 Financial Services and General Government (FSGG) bill, last week.
CUNA wrote to Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kansas, Thursday in strong opposition to a bill the two are expected to introduce that would allow merchants to route payments through an unaffiliated network.
Credit Union Magazine’s Spring 2022 edition highlights inclusive lending, succession planning, fair lending and artificial intelligence, and the use of environmental, social, and governance (ESG) as a competitive differentiator.