Credit unions around the country provided more than $46 million in low- or no-interest loans to more than 60,000 credit union members during the shutdown, according to a CUNA survey of credit unions who assisted members during the shutdown.
With many economists and business leaders across the country predicting a recession in the next two years, CUNA senior economist Jordan van Rijn provides an in-depth analysis in this month’s CUNA Economic Update.
President Donald Trump sighed a bill Friday funding the federal government through Sept. 30, the end of fiscal year 2019. The bill fully funds several credit union loan and grant funds, and report language addresses several CUNA advocacy priorities.
The latest bank attacks on credit unions have a new level of hypocrisy previously unseen in the financial services sector, CUNA President/CEO Jim Nussle wrote in Credit Union Journal, pointing out the $21 billion tax windfall banks saw in 2018.
By educating credit union members, they can in turn ensure policymakers know about the credit union difference, CUNA Chief Political Officer Richard Gose said Friday during a webinar on CUNA’s Member Activation Program.
The CFPB issued an updated frequently asked questions document in late January for its TRID rule. The questions cover the timing of the Closing Disclosure requirement and safe harbor when using model forms.
CUNA submitted a letter in response to a joint proposal issued by the Federal Reserve and Consumer Financial Protection Bureau that would make amendments to Regulation CC (which implements the Expedited Funds Availability Act) Friday.
Rachel Pross, chief risk officer at MAPS CU, Salem, Ore., will testify on CUNA’s behalf before the House Financial Services subcommittee on consumer protection and financial institutions Wednesday at 2 p.m. (ET).
Two small credit unions were awarded full scholarships to the 2019 CUNA GAC for submitting the best loan promotion ideas in the Discussion of the CUNA Small Credit Union Community, as part of a contest sponsored by CUNA Mutual Group.
Registration is still open for CUNA’s free MAP webinar, which will feature information about MAP and the current campaign, on the credit union difference. The webinar is scheduled for 2 to 3 p.m. (ET) Friday.
The Senate Banking Committee will hear testimony from NCUA board nominees Rodney Hood and Todd Harper during a hearing Feb. 14. Hood was re-nominated by President Donald Trump in January and Harper was nominated in early February.
The CFPB released proposed rules making changes to its short-term, small-dollar lending rule Wednesday. CUNA has called on the CFPB to revise its rule to ensure credit unions can continue to offer short-term, small-dollar lending options for members.