Credit unions around the country provided more than $46 million in low- or no-interest loans to more than 60,000 credit union members during the shutdown, according to a CUNA survey of credit unions who assisted members during the shutdown.
With many economists and business leaders across the country predicting a recession in the next two years, CUNA senior economist Jordan van Rijn provides an in-depth analysis in this month’s CUNA Economic Update.
President Donald Trump sighed a bill Friday funding the federal government through Sept. 30, the end of fiscal year 2019. The bill fully funds several credit union loan and grant funds, and report language addresses several CUNA advocacy priorities.
Congressional negotiators and President Donald Trump have reached an agreement on a spending measure to keep the federal government open through the end of fiscal year 2019. The legislation also includes funding for several credit union initiatives.
A full, three-person board at the NCUA is best equipped to handle issues facing the credit union industry, CUNA wrote to the Senate Banking Committee, prior to testimony from NCUA board nominees Rodney Hood and Todd Harper.
The NCUA board issued a proposed rule on supervisory committee audits and heard about a final interagency flood rule that implements the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012.
Credit unions play an important role in the housing finance market, and have a vested interest in the stability of the secondary mortgage market that the next director of the FHFA will help oversee, CUNA wrote Thursday.
CUNA witness Rachel Pross, chief risk officer at Salem, Ore.-based Map CU, answered multiple questions from members of the House Financial Services subcommittee on consumer protection and financial institutions Wednesday.
A proposed settlement was submitted to the court in First Choice Federal Credit Union v. The Wendy's Company for approval Wednesday, which would conclude the data breach lawsuit from a 2016 data breach at certain Wendy’s franchise locations. CUNA, state leagues and a number of credit unions are among the plaintiffs.
Allowing businesses access to mainstream financial services comes with challenges, but ultimately benefits the community around it, CUNA witness Rachel Pross, chief risk officer at Maps CU, testified before a House subcommittee Wednesday.
CUNA witness Rachel Pross, chief risk officer at Maps Credit Union, will talk credit union challenges and opportunities Wednesday before the House Financial Services subcommittee on consumer protection and financial institutions, starting at 2 p.m. (ET).
CUNA will have a witness testifying on its behalf before a House subcommittee Wednesday and will be closely engaged with NCUA and Federal Housing Finance Administration nominees before a Senate committee Thursday.
CUNA submitted a letter Monday in response to the CFPB proposal to amend its No-Action Letter Policy and create a “Product Sandbox” to facilitate innovation, urging the bureau avoid creating an uneven playing field.