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.
The Federal Reserve and CFPB in late June finalized amendments to Regulation CC to implement a statutory adjustment to adjust the dollar amounts under the Expedited Funds Availability Act for inflation, effective July 1, 2020.
The cooperative business model is a tool for economic success and self-determination, NCBA CLUSA wrote in an open letter to all Republican and Democratic candidates running for president in 2020 this week.
Comments on proposals from several federal agencies that will have an effect on credit unions are due in the month of July, including on risk-based capital (July 25), same-day ACH changes (July 15) and more.
CUNA recommends the CFPB avoid creating unnecessary burdens or limitations on the availability of overdraft programs in its comment letter on overdraft sent Monday, which also highlights the effects of other regulatory requirements on overdraft products.
Substantive amendments to the Consumer Financial Protection Bureau’s remittance rule would create a more effective balance between consumer protection and access to services, CUNA wrote to the CFPB Thursday.
CUNA attended Wednesday’s symposium hosted by the CFPB focused on defining “abusive” under UDAAP. The conversation focused on the statuary history of “abusive,” the role of cost-benefit analysis and whether behavioral economics can play a role.
NCUA Chairman Rodney Hood Thursday recounted how values of humility, integrity, hard work, compassion and service to others have shaped his outlook and his career at a ceremonial swearing-in administered by Vice President Mike Pence.