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Biden budget proposal includes CDFI Fund, CDRLF funding

President Joe Biden’s draft FY24 budget proposal contains $341 million for the Treasury’s Community Development Financial Institutions (CDFI) Fund, an increase of $17 million from the 2023 enacted level. CUNA has called for $500 million in funding.

Policy & Issues

CUNA makes operational and policy recommendations for CDFI Fund

CUNA wrote House Ways and Means Committee leadership with several recommendations for the Treasury’s Community Development Financial Institutions Fund for its hearing Thursday on the administration’s FY24 budget proposal.

Policy & Issues

NCUA to distribute $178M under Corporate System Resolution Program

NCUA announced a $109.6 million distribution to more than 100 membership and paid in capital shareholders of the former Constitution and U.S. Central corporate credit unions and $68.6 million in dividends to more than 2,500 Members United and Southwest Corporate shareholders.

Policy & Issues

CFPB continues overly broad use of ‘junk fees’

CUNA continues to be concerned with the CFPB's overly broad use of the term “junk fees,” as it will result in less consumer access to credit and ignores many standard fees that consumers opt into.

Policy & Issues

CUNA outlines principles that should guide CFPB actions

The Consumer Financial Protection Bureau (CFPB) has missed many opportunities to leverage credit unions’ mission and history to the benefit of consumers, CUNA wrote to the House Financial Services Subcommittee hearing on potential CFPB reforms.

Policy & Issues

CUNA backs bill to place CFPB under appropriations process

CUNA supports a bill introduced Wednesday that would bring the Consumer Financial Protection Bureau into the appropriations process turn it into an independent agency called the Consumer Financial Empowerment Agency.

Policy & Issues

Crypto regulation needed, CUs need authority to engage

Credit unions support appropriate oversight and regulation of the digital assets marketplace and must have the authority to participate, CUNA wrote to the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion this week.

Policy & Issues

FY24 USAID funds needed to support CDP, Ukraine recovery

CUNA wrote a Senate Foreign Relations subcommittee in strong support of FY24 funding levels of $50 million for the Cooperative Development Program; $30 million for the Credit for Agriculture Producers' Technical Assistance Project; and $50 million to support efforts of the countries surrounding Ukraine.

Policy & Issues

Credit union supporter Rep. McClellan sworn into Congress

Rep. Jennifer McClellan, D-Va., was sworn in Tuesday as the newest member of the 118th Congress. McClellan is the first Black woman elected to represent Virginia, and a strong credit union supporter.

Policy & Issues

CUNA leaders talk financial well-being, crypto, and more

CUNA leaders sat down with CUBroadcast over the course of the 2023 CUNA Governmental Affairs Conference last week to talk everything from the event's record turnout to credit unions' future role in cryptocurrency.

Spring 2023

Credit Union Magazine’s Spring 2023 issue features the 2023 Credit Union Heroes and examines CUNA-League advocacy priorities, board leadership, the impact of financial well-being efforts, fee-related compliance issues, predictions for the year ahead, and more.

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Policy & Issues
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Biden budget proposal includes CDFI Fund, CDRLF funding

CUNA makes operational and policy recommendations for CDFI Fund

NCUA to distribute $178M under Corporate System Resolution Program

CFPB continues overly broad use of ‘junk fees’

CUNA outlines principles that should guide CFPB actions

CUNA backs bill to place CFPB under appropriations process

Crypto regulation needed, CUs need authority to engage

FY24 USAID funds needed to support CDP, Ukraine recovery

Credit union supporter Rep. McClellan sworn into Congress

CUNA leaders talk financial well-being, crypto, and more

Spring 2023

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