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Policy & Issues
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FCC

Policy & Issues

FCC should ensure blocked callers are notified immediately

CUNA continued its engagment with the FCC by sending a joint letter supporting FCC’s goals of eliminating illegal automated calls but working to ensure consumers receive important, time-sensitive calls from financial institutions, healthcare providers and other legitimate entities.

Treasury

Policy & Issues

Adjustments would bring add’l accuracy in determining CTR costs

CUNA supports the FinCEN updating the Paperwork Reduction Act burden estimates from complying with a BSA requirement for financial institutions to report transactions in currency of more than $10,000 using a CTR. The proposed updates change the PRA analysis for new CTR rulemakings.

Cap1

Policy & Issues

CUNA engaged with COVID-19, appropriations hearings this week

Congress is out of session this week, but the House will continue to host committee meetings and CUNA will be engaged with several of them related to the pandemic, including worker protections, lending and small business recovery, as well as government appropriations.

SBALogo

Policy & Issues

SBA schedules July 14 conference call on SBA lending programs

Credit unions interested in learning more about updates to SBA lending programs, including the Paycheck Protection Program, can get information on a conference call that begins at 3 p.m. (ET) on Tuesday. The SBA recently made several updates to the program.

Policy & Issues

Supreme Court to debate FHFA single-director structure

The U.S. Supreme Court on Thursday announced it will hear two appeals in cases related to the Federal Housing Finance Agency (FHFA).

PHonecall

Policy & Issues

Autodialer debate moves to Supreme Court with new case

The U.S. Supreme Court on Thursday joined the debate over what qualifies as an autodialer under the Telephone Consumer Protection Act (TCPA), agreeing to hear Facebook Inc. v. Duguid.

Capitol1

Policy & Issues

CUs committed to DEI, providing financial inclusion and access to capital

Credit unions recognize that financial inclusion and access to capital are critical to ensuring the survival of many of our nation’s most vulnerable small businesses, especially women- and minority-owned businesses.

Capitol2

Policy & Issues

PPP forgiveness bill would help focus resources where needed

CUNA joined several organizations this week calling on leadership of the House and Senate Small Business Committees to support a bill to simplify forgiveness of Paycheck Protection Program loans under $150,000.

NCUALogo

Policy & Issues

NCUA to reinstate rural credit unions and accept field of membership applications

NCUA’s latest Letter to Credit Unions (20-CU-21) announced that the agency is in the process of reinstating rural districts for credit unions that had these removed due to the American Bankers Association (ABA) lawsuit.

PPP Loan Data

Policy & Issues

Latest PPP data shows strong CU support for Main Street

Credit unions facilitated tens of thousands of loans during the first round of Paycheck Protection Program (PPP) funding, according to the latest round of data released by the Small Business Administration (SBA), this week.

Credit Union Magazine - Summer 2020

Summer 2020

Credit Union Magazine’s Summer 2020 edition features leadership through the pandemic, the path from CIO to CEO, and board planning.

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