NCUA’s third summit focused on diversity, equity, and inclusion, is set for Nov. 2 to 4 and registration is open. CUNA, League, and credit union leaders will participate in the event, which has an online and live component.

Housing supply isn't keeping pace with population growth, CUNA economist says.

The Credit Card Competition Act puts credit union service to its members and communities in jeopardy, wrote Dade County Federal Credit Union President/CEO George Joseph in The Floridian, adding the bill would provide a handout to retailers at expense of data privacy and access credit. 

The NCUA Board discussed the latest on cybersecurity and the Central Liquidity Facility at its Thursday meeting. It also approved the agency’s Enterprise Risk Appetite Statement, a management tool that provides guidance on the amount of risk the NCUA is willing to undertake.

The 5th U.S. Circuit Court of Appeals found the Consumer Financial Protection Bureau’s (CFPB) funding mechanism is unconstitutional Wednesday. CUNA has long supported placing the CFPB under the traditional appropriations process.  

NCUA should be laser-focused on budgetary discipline, CUNA Deputy Chief Advocacy Officer Jason Stverak told the agency Wednesday at its 2023-24 budget briefing. NCUA’s proposed combined 2023 staff draft budget is $367.0 million, or 8.1% higher than the 2022 budget.

NCUA released an update of its Automated Cybersecurity Evaluation Toolbox or ACET. The ACET is a resource designed to help credit unions — especially for small credit unions or credit unions with limited resources — understand cybersecurity preparedness levels.

CUNA joined other organizations in a letter to the CFPB urging it to publish a notice and request for comment that would “permit meaningful public comment on any proposal amending credit card issuers’ obligations to report on credit card terms and to submit credit card agreements.”

CUNA filed an amicus brief on behalf of Golden 1 Credit Union in a lawsuit, Burgardt v. The Golden 1 Credit Union. At issue is whether Golden 1 Credit Union can compel the plaintiff to arbitrate his claims.

The NCUA board will hear briefings on cybersecurity and the Central Liquidity Fund (CLF) at its Oct. 20 board meeting. The meeting will be streamed live starting at 10 a.m. via NCUA.gov. The board will also conduct a public briefing on its 2023-24 proposed budget Oct. 19.