CUNA strongly supports the goal of facilitating responsible innovation and FHFA’s efforts to identify barriers and challenges in implementing fintech in the housing finance ecosystem. CUNA sent comments in response to an FHFA request for information on fintech in housing finance.
CUNA Senior Economist Dawit Kebede said price increases are not slowing down, as the September Consumer Price Index rose by 0.4% on a monthly basis, a higher rate than in July and August. Housing, food, and medical care prices were major drivers.
CUNA and League-opposed interchange amendments were not part of the amendments ultimately included in the draft Senate FY23 National Defense Authorization Act (NDAA) this week. The Senate is expected to vote on the NDAA next month.
CUNA and Leagues support the Senate Fair Hiring in Banking Act (H.R. 5025), which would allow for greater employment opportunities at federally insured financial institutions by reducing barriers to employment based on past criminal offenses. The bill passed the House in May.
Ballast Research named the CUNA-League system as the most credible trade association in Washington, D.C., across all industries, based on an independent study of Washington policymakers, also the the sixth year in a row CUNA was cited as the most influential financial services trade association.
NCUA invites credit unions to sign up for information on topics related to Call Reports and cybersecurity. Call Report information will specifically address the 5300 Call Report and the credit union profile.
NCUA released the first update of the Simplified CECL Tool to enable credit unions to test and calibrate the tool to estimate the allowance for credit losses on loans and leases as of September 30, 2022. The update includes the latest life-of-loan, or Weighted Average Remaining Maturity factors, as well as minor enhancements.
Attaching the Credit Card Competition Act to the Senate FY23 National Defense Authorization Act (NDAA) is inappropriate, CUNA Deputy Chief Advocacy Officer Jason Stverak wrote to all 535 Congressional offices Thursday.
The Federal Financial Institutions Examination Council released an update to the Cybersecurity Resource Guide for Financial Institutions, designed to help financial institutions meet their security control objectives and prepare to respond to cyber incidents.
Credit Union Magazine’s Fall 2022 issue highlights credit unions’ role in cryptocurrency, the state of digital assets, cannabis banking compliance, the human side of technology implementation, and involving the board in financial discussions.