CUNA continued its push for the Federal Reserve to remove the monthly account transfer limit under Regulation D with a letter Monday. CUNA previously called for the removal of the limit to easier access to funds during the COVID-19 pandemic.
The economic impact of the COVID-19 outbreak will be felt for a long time, but credit unions are already working hard to help members meet financial needs, and will continue to do so, CUNA President/CEO Jim Nussle told the Washington Post this week.
CUNA President/CEO Jim Nussle discussed how credit unions are serving Americans affected by the COVID-19 pandemic on MSNBC Live Sunday night, comparing that response to a report that banks are tightening credit standards as a result of the outbreak.
Credit union leagues from Vermont, Maine, Connecticut, Massachusetts, Rhode Island New Hampshire and Delaware joined their state banking organizations to call on their members of congress to support the bipartisan S. 2155.
National Credit Union Foundation Executive Director Gigi Hyland appeared on CUBroadcast this week to talk about financial health in the credit union system, and how credit unions can evolve their focus on financial literacy.
Comments on several CFPB proposals, as well as suggested changes to NCUA bylaws are due in May. The first CFPB RFI deadline, on civil investigative demands, was last week and additional deadlines are later this month.
The Bureau of Consumer Financial Protection should send quarterly reminders about submitting credit card agreements, CUNA wrote to the bureau Monday in response to a bureau request to the Office of Management and Budget.
CUNA and the Credit Union Association of New Mexico hosted CUNA’s fourth Campaign School of the 2018 election cycle Monday, a one-day nonpartisan program designed to educate prospective political candidates and campaign workers.
As momentum for House consideration of the Economic Growth, Regulatory Relief and Consumer Protection act picks up, CUNA is urging members to use its Member Activation Program to activate their members in support of the bill.
CUNA President/CEO Jim Nussle thanked House Financial Services Chairman Jeb Hensarling remarks that he’s open to pathways that involve passing S. 2155 and tackling additional regulatory relief in separate legislation.