The Credit Union Awareness initiative is making significant progress towards the goal of increasing consumer consideration for the credit union category, according to the July 2021 bi-annual research results conducted by CU Awareness, LLC.
CUNA issued an action alert Wednesday urging credit unions to share their concerns about the proposal that would require financial institutions to report money moving into and out of accounts to the Internal Revenue Service.
CUNA generally supports the Federal Housing Finance Agency’s thorough enforcement of fair lending laws but urges the agency to ensure this monitoring and enforcement does not generate costly new requirements or increased regulatory burden.
Reps. Vicente Gonzalez (D-Texas) and Brian Fitzpatrick (R-Pa.) introduced a CUNA-backed bill Tuesday to give NCUA the flexibility t raise the maturity limits on loans made by federal credit unions and to raise the de minimis member business lending cap threshold.
Comments on several proposals of interest to credit unions have due dates in September, including NCUA’s request for information (RFI) on digital assets and related technologies and the FHFA's policy statement on fair lending.
The Federal Bureau of Investigation and Cybersecurity and Information Sharing Agency issued a joint cybersecurity advisory Thursday warning of increasing attacks against U.S. entities on or around holiday weekends.
Language to allow banks rent-free access to military installations was not considered during the House Armed Services Committee markup of the fiscal year 2022 NDAA. CUNA and the Leagues worked to keep the language out of the House and Senate version of the bill.
Two recently launched programs by the Small Business Administration should ease the Paycheck Protection Program forgiveness process, CUNA wrote to the House Small Business Committee Wednesday. Credit unions facilitated more than 200,000 PPP loans that averaged $47,000.
The Consumer Financial Protection Bureau Wednesday issued a proposal that would require lenders to disclose information about their lending to small businesses. CUNA is currently analyzing the 918-page proposal.
The Consumer Financial Protection Bureau Wednesday withdrew its April proposal to delay the effective dates of its debt collection rules by 60 days. The rules will become effective Nov. 30, the delay would have pushed it to January 2022.