Credit unions recognize that financial inclusion and access to capital are critical to ensuring the survival of many of our nation’s most vulnerable small businesses, especially women- and minority-owned businesses.
CUNA joined several organizations this week calling on leadership of the House and Senate Small Business Committees to support a bill to simplify forgiveness of Paycheck Protection Program loans under $150,000.
NCUA’s latest Letter to Credit Unions (20-CU-21) announced that the agency is in the process of reinstating rural districts for credit unions that had these removed due to the American Bankers Association (ABA) lawsuit.
Credit unions facilitated tens of thousands of loans during the first round of Paycheck Protection Program (PPP) funding, according to the latest round of data released by the Small Business Administration (SBA), this week.
CUNA wrote to the House Appropriations Subcommittee on Financial Services and General Government to express concern that the administration’s budget request does not include adequate funding for the Community Development Financial Institutions Fund or the Community Development Revolving Loan Fund.
The Consumer Financial Protection Bureau (CFPB) on Tuesday issued a final rule concerning small dollar lending. The final rule rescinds the mandatory underwriting provisions of the 2017 rule, but does not rescind or alter the payments provisions of the 2017 rule.
Consumer Financial Protection Bureau Director Kathy Kraninger on Tuesday issued a ratification of prior regulatory actions taken by the CFPB. The ratification covered actions the Bureau took from January 4, 2012 through June 30, 2020.
CUNA wrote to the House Appropriations Subcommittee on State-Foreign Operations and Related Programs on Monday that it strongly supports the $17 million funding level for the Cooperative Development Program (CDP) in fiscal year 2021.