CUNA released Friday the July 2019 edition of the Economic Update, in which Senior Policy Analyst Samira Salem reports on recent U.S. economic growth developments, most notably a forecasted slowdown in economic growth.
Congress can stop the cannabis banking conundrum now, CUNA President/CEO Jim Nussle and American Bankers Association President/CEO Rob Nichols wrote in Fox Business Thursday in support of the SAFE Banking Act.
Allow legal cannabis-based business access to mainstream financial services is a public safety issue, CUNA President/CEO Jim Nussle told Forbes before CUNA's testimony before the Senate Banking Committee next week.
NCUA has previously said assessing a credit union’s preparedness for CECL is a supervisory priority in 2019, and now an AIRES examination questionnaire on CECL preparedness is available with nine questions currently being used by examiners.
FCC Commissioner Michael O’Rielly said Thursday the FCC has an obligation to resolve many of the worthy TCPA petitions that are currently pending and cited CUNA’s petition, as a "common-sense request" the agency should address.
Members of the House Financial Services Committee expressed concerns about CECL and cited CUNA data on credit union issues with the standard Tuesday in a hearing with NCUA Chairman Rodney Hood, who said his agency shares those concerns.
The NCUA board will issue a proposal on public unit and non-member shares, see a briefing on the Office of Credit Union Resources and Expansion and receive an update on the share insurance fund at its Thursday meeting.
CUNA emphasized credit union priorities on several issues for Congressional hearings this week, including on payday lending, arbitration and the Telephone Consumer Protection Act in letters submitted for the record of hearings on those topics.
CUNA is concerned about proposed action from the FCC that would block robocalls by default, believing it could result in serious disruptions to credit union-member communications. The commission will vote June 6 on a declaratory ruling.
CUNA joined with other financial services trade associations Wednesday to call on all financial institution CEOs to join Sheltered Harbor, a voluntary initiative to help protect against cyberattacks. CUNA is a founding board member of Sheltered Harbor.
The CFPB's payday rule would have a detrimental impact on access to consumer-friendly credit union products if implemented unchanged, and CUNA believes the rule fails to strike a balance between consumer protection and credit union member service.
NCUA should take steps toward enhancements to the credit union charter, while improving cybersecurity efforts and reducing regulatory burden, CUNA President/CEO Jim Nussle wrote advance of NCUA Chairman Rodney Hood’s Congressional testimony.
The National Credit Union Foundation 2019 grant cycle is open, and it is seeking requests for proposals by June 30 from credit unions that want to measure impacts of their products and services on member and employee financial health.