News Now, Policy and Issues

Credit unions improve members’ financial well-being and advance the communities they serve, CUNA wrote to Congressional leadership Wednesday, outlining several priorities for the new Congress to advance policy that furthers credit unions’ mission.

CUNA is pleased to welcome award-winning journalist, documentarian, and author, Soledad O’Brien as a keynote speaker at this year’s CUNA GAC, March 2-4. O’Brien will share her thoughts on today’s most pressing issues, including income inequality and our current political landscape.

FinCEN announced an extension of the re-opened comment deadline for its convertible virtual currency (CVC) proposal. CUNA called for an additional comment period, longer than the original 15 days, in its comments on the proposal. 

One of the most important things in leadership is listening, CUNA President/CEO Jim Nussle told podcast host Todd Marksberry recently. Marksberry, president/CEO of Canvas CU, hosted Nussle on his “In the Room” podcast to discuss a variety of topics.

Allowing credit unions to capitalize interest would provide a consumer-friendly option and will likely lead to credit unions using it to help struggling borrowers, CUNA wrote in response to NCUA’s proposal. Credit unions have been forbidden to do since 2012.

Janet Yellen was confirmed by the Senate Monday to serve as Treasury Secretary under President Joe Biden. Yellen previously served as chair of the Federal Reserve from 2014 to 2018.

CUNA Senior Economist Jordan van Rijn spoke with The Simple Dollar recently on mortgage forbearance and what borrowers should do regarding future forbearance. The CARES Act allows homeowners to apply for a six-month forbearance period and one additional six-month extension.

Sen. Rob Portman (R-Ohio) announced Monday he will not seek re-election in 2022. He cited CUNA’s comprehensive regulatory burden study in 2016 when calling for the CFPB to appropriately tailor its regulations.

President Joe Biden has named Todd Harper chairman of NCUA, effective immediately