CUNA wrote to Congressional leadership Tuesday in support of increased funding for the Cooperative Development Program, and specifically for community-based credit unions in developing countries, specifically at $20 million as in Senate Appropriations Committee legislation.
CUNA joined more than 100 consumer-focused organizations to call on Congressional leadership to quickly pass PPP forgiveness, citing analysis showing an effective cost of $2,000-$4,000 for each business that applies for forgiveness, requiring 20-100 hours of focused time.
Stakeholders should have additional time to evaluate novel charter applications, CUNA and other financial and consumer groups wrote to the Office of the Comptroller of the Currency, following up previous letters calling for an open and transparent charter process.
Federal financial institution regulatory agencies issued a joint fact sheet clarifying compliance efforts to meet BSA due diligence requirements for customers that are charities and other nonprofit organizations.
J. Mark McWatters resigned Friday from his position on the board of the National Credit Union Administration. McWatters has served on the NCUA board since his nomination by then-president Barack Obama in 2014.
The NCUA Board issued a proposal Thursday allowing credit unions to capitalize interest in connection with loan modifications. CUNA has strongly pushed the agency for this change in recent months, including in three letters to NCUA Chairman Rodney Hood.
Leadership of the Senate and Consumer Financial Protection Bureau (CFPB) will help define what a Biden administration means for Americans’ credit, CUNA Chief Advocacy Officer Ryan Donovan told CNBC Select recently.
CUNA and 80 organizations wrote to Congressional, Treasury and Small Business Administration leadership Tuesday with concerns over a new Paycheck Protection Program review process established by the Treasury and SBA that includes “Loan Necessity Questionnaires.”
CUNA’s Credit Union System COVID-19 Restart and Recovery Task Force released its first industry outlook Tuesday to provide guidance and strategies for navigating the pandemic. Risk mitigation and the digitalization of financial services are two primary concerns .
Dale Owen, president/CEO of Ascentra CU and Iowa Credit Union League Board Chair, passed away late last week. He served as president/CEO at Ascentra since 2013 and was elected chair of the Iowa League board in October.