The Senate Finance Committee released the tax provisions of the Build Back Better Act Saturday without expanded Internal Revenue Service (IRS) reporting requirements. CUNA, Leagues, credit unions, and members helped keep the expanded requirements out of the House-passed Build Back Better Act.

WGAN’s MainePoints highlighted Maine Credit Unions’ Campaign for Ending Hunger this month. The interview highlights this year’s new fundraising initiative, encouraging people to donate $5 (or more) to help feed a hungry Mainer.

CUNA Senior Economist Dawit Kebede noted that inflation continued to surge in November and there are expectations the Federal Open Market Committee will announce at its meeting next week that it will end asset purchases before June.

The NCUA board will consider the 2022 Normal Operating Level the agency’s 2022-23 budget at its Dec. 16 meeting. It will also vote on final rules related to mortgage servicing assets, complex credit union leverage ratio, and subordinated debt.

CUNA Chief Economist Mike Schenk examines what increasing inflation means for credit unions.

A Senate bill introduced Thursday could reduce access to credit from reputable lenders, said CUNA President/CEO Jim Nussle in a statement. The bill would cap fees and interest for all consumer loans at a 36% “all-in” annual percentage rate (APR).

CUNA President/CEO Jim Nussle spoke with NCUA Vice Chairman Kyle Hauptman Monday on credit union pandemic-related issues and how NCUA can work to support credit unions through the pandemic and economic recovery.

Federally insured credit unions can get valuable information on Bank Secrecy Act and anti-money laundering compliance during a National Credit Union Administration webinar scheduled for April 14. Registration is now open, and it is scheduled to begin at 2 p.m. (ET).

CUNA supports legislation from Rep. Barry Loudermilk (R-Ga.) that would increase the Currency Transaction Report threshold to $30,000 and increase the dollar amount thresholds for filing Suspicious Activity Reports from to $10,000 for most financial institutions..

Credit unions ‘showing their work’ is critical to advocacy success, CUNA Chief Advocacy Officer Ryan Donovan said Tuesday at the CUNA GAC.