The House and Senate are both in Washington, D.C., this week. The House will consider the CUNA-supported Fair Hiring in Banking Act, which would replace the current ban on those interested in working in the banking sector with previous minor criminal records.

CUNA supports the CFPB's proposal amending the Fair Credit Reporting Act to assist victims of human trafficking. The proposal would implement FCRA amendments to establish a method for a victim of trafficking to submit documentation to consumer reporting agencies.

CUNA is coordinating with League of Southeastern Credit Unions & Affiliates on a six-figure targeted member communications campaign in support of Katie Britt for U.S. Senate to replace the retiring Sen. Richard Shelby, R-Ala.

Credit unions’ unique characteristics produce significant pro-consumer benefits, according to CUNA’s 2022 National Voters Poll, as they unambiguously translate to greater financial resilience and higher levels of financial well-being for credit union members.

CUNA Senior Economist Dawit Kebede said strong job gains and a low unemployment rate implies consumer demand and spending will continue to be strong, in response to the Labor Department’s April jobs report.

NCUA will host a webinar for credit unions looking to protect their older members on Thursday, May 19, beginning at 1 p.m. ET. Registration for “How Credit Unions Can Protect Older Americans Against Financial Exploitation” is now open and will run approximately 60 minutes.

CUNA Senior Economist Dawit Kebede explains the possible impact the Federal Reserve’s updated monetary policy will have on inflation through 2023 in CUNA's latest Economic Update. 

Members of the Senate Judiciary Committee discussed interchange fees at a hearing Wednesday, with several noting arguments made by CUNA, Leagues, and credit unions about their importance. Credit unions strongly oppose any expansion of the Durbin Amendment.

Credit union supporters saw victories in Tuesday’s primaries in Ohio and Indiana, as all 19 credit union supporters in the two states won Tuesday. Candidates were supported by the Ohio Credit Union League, Indiana Credit Union League, and the Credit Union Legislative Action Council.

CUNA strongly objects to legislation, regulation and other government intervention to restrict the ability of credit unions to offer overdraft protection plans that help members resolve short-term financial difficulties, CUNA wrote in advance of a hearing on overdraft fees.