CUNA wrote in support of a bipartisan Senate bill that would direct the Secretary of Veterans Affairs to create a pilot program that would assess the viability of using alternative credit scoring information, including proof of insurance, utilities, or rent histories.
NCUA’s draft staff budget for 2022–2023 is now available on the agency’s website for review and comment. CUNA is currently reviewing the proposed budget and will submit detailed feedback prior to the Dec. 9 comment deadline.
CUNA joined organizations Wednesday calling on Congressional leaders to remove a provision allowing the SBA to become a direct lender from the reconciliation framework. The proposal would allow the SBA to offer loans of $150,000 of less directly to small businesses.
The National Institute for Lobbying and Ethics recognized CUNA Chief Advocacy Officer Ryan Donovan as one of the top lobbyists of 2021. NILE curates a yearly list of professionals that saw significant legislative success in 2021, were innovative in their field, and gave back to their community.
Establishing and retaining a relationship with a credit union is the best way for a small business entrepreneur to receive essential financial services, CUNA wrote to the House Small Business Committee Tuesday. CUNA also noted its opposition to the SBA becoming a direct lender.
CUNA wrote in support of two bills prior to the House Financial Services Committee markup Tuesday. The CUNA-supported Credit Union Governance Modernization Act (H.R. 2311) passed the committee unanimously by voice vote.
NCUA extended the flexibility for federal credit unions to conduct meetings virtually in 2022. A federal credit union may adopt at any time, by a two-thirds vote of its board, a bylaw amendment to Article IV without additional approvals by the NCUA.
Rep. Jackie Speier (D-Calif.) announced Tuesday she will not seek re-election in 2022. She has worked with the CUNA and the California Credit Union League to support credit unions in their mission to promote financial well-being for all.
Nineteen Senators wrote to Postmaster General Louis DeJoy Monday raising concerns about the U.S. Postal Service’s pilot banking program. CUNA wrote a letter to House and Senate leaders last month outlining similar concerns.