The “minibus” appropriations bill set for a House vote this week includes appropriate funding levels for credit union priorities, including Treasury's Community Development Financial Institutions Fund and NCUA's Community Development Revolving Loan Fund.

Credit unions are integral to achieving the Federal Housing Finance Agency’s (FHFA) housing mission and goals, CUNA wrote to House Financial Services leadership prior to its semiannual hearing on FHFA oversight hearing and FHFA Director Sandra Thompson's testimony.

The Consumer Financial Protection Bureau (CFPB) extended the comment deadline for its customer service request for information (RFI) by 30 days, the new deadline is August 22. Comments were originally due July 21. 

The House and Senate are in Washington D.C., this week. The House is expected to vote on a “minibus” appropriations package containing six bills, including the FY23 Financial Services and General Government (FSGG) bill.

Credit unions are invested in their communities because they are a part of the community, CUNA Deputy Chief Advocacy Officer for Congressional Relations Jason Stverak said in a radio interview this week, also addressing rising consumer costs and the climate for business lending.

The Consumer Financial Protection Bureau (CFPB) extended the comment deadline for its advance notice of proposed rulemaking on credit card late feed to August 1 (from the original July 17 deadline).

The NCUA Board will vote on a proposed cyber incident notification rule and a final supervision asset threshold rule at its July 21 meeting. The meeting will be conducted via webcast starting at 10 a.m. ET on NCUA.gov.

The CFPB is accepting applications to its Credit Union Advisory Council and other advisory committees through July 24. The CUAC advises the CFPB on regulating and consists entirely of representatives from CUNA member credit unions.

The House passed the FY23 National Defense Authorization Act late Thursday with several CUNA-supported provisions, including the SAFE Banking Act, extended CARES Act Central Liquidity Facility flexibility, and language supporting fair hiring in financial services.  

The Credit Union Board Modernization Act (H.R. 6889) would free up credit union resources to better serve members, CUNA wrote to bill sponsors Reps. Juan Vargas, D-Calif., and Anthony Gonzalez, R-Ohio.