Congress will also consider a continuing resolution to fund the federal government, preventing a government shutdown ahead of the Dec. 3 deadline.

CUNA is concerned with the approach NCUA has taken toward impending Call Report changes and calls on the agency to extend the comment period on the proposed changes until at least mid-January. CUNA generally supports efforts to streamline and update the Call Report.

CUNA wrote in support of a bill Tuesday that would prevent the Small Business Administration from directly making loans under the 7(a) loan program. Loans made through the 7(a) program are up to 85% guaranteed by the federal government

Proposed amendments to the FHFA's Enterprise Regulatory Capital Framework would allow or more accurate assessments of capital requirements for the government-sponsored enterprises, and better facilitate their ability to meet their missions.

The Illinois Credit Union League is calling for everyone in the credit union movement to save the date for the next social media blitz: July 29, 2022 This follows the successful inaugural launch in 2021 of the #ILoveMyCreditUnion initiative.

The CFPB has issued Request for Information on the implementing regulations for the Home Mortgage Disclosure Act. According to the CFPB, it plans to review recent changes and evaluate their effectiveness with the goals of identifying discrimination in the market.

Rep. G.K. Butterfield (D-N.C.) announced Thursday he will not seek a tenth term in 2022. Butterfield has represented North Carolina’s 1st Congressional District since 2004 and has been supported by credit unions since his initial primary election.

The House passed the Build Back Better Act Friday without the expanded Internal Revenue Service (IRS) reporting requirements present in early forms of the bill. Credit unions sent more than 800,000 messages in opposition to the requirements, which were left out of the final release of the House bill.

The NCUA board approved a final rule modernizing service facility requirements for multiple common bond federal credit unions at its Thursday meeting. The board also approved a draft 2022-26 plan for NCUA and heard updates on the share insurance fund, modernized exam tools, and the COVID-19 pandemic response.

Congress should look for ways enable credit unions to provide digital asset related services so these services can be properly overseen by regulators, CUNA wrote to the Joint Economic Committee for its hearing on cryptocurrency.