CUNA continued its push for the Federal Reserve to remove the monthly account transfer limit under Regulation D with a letter Monday. CUNA previously called for the removal of the limit to easier access to funds during the COVID-19 pandemic.
The economic impact of the COVID-19 outbreak will be felt for a long time, but credit unions are already working hard to help members meet financial needs, and will continue to do so, CUNA President/CEO Jim Nussle told the Washington Post this week.
CUNA President/CEO Jim Nussle discussed how credit unions are serving Americans affected by the COVID-19 pandemic on MSNBC Live Sunday night, comparing that response to a report that banks are tightening credit standards as a result of the outbreak.
A bipartisan commission leading the CFPB would ensure its political independence, CUNA and other trade organizations wrote Friday. The organizations wrote in support of the Consumer Financial Protection Commission Act of 2020, introduced by Rep. Blaine Luetkemeyer (R-Mo.).
Small Business Administration Administrator Jovita Carranza said Thursday the agency will provide up to $2 million in disaster relief loans for small businesses affected by the coronavirus disease (COVID-19).
The CFPB should quickly finalize its proposal amending the Remittance Rule and to exercise its authority to permit compliance flexibility for remittances sent to individuals in countries affected by the growing public health concern surrounding coronavirus disease.
The American Bankers Association filed an appeal with the U.S. Supreme Court Wednesday after the U.S. Court of Appeals for the D.C. Circuit denied the ABA’s appeal for a rehearing en banc in December, upholding NCUA’s field of membership modernizations.
Nacha issued an Operations Bulletin this week reminding financial institutions of the importance of reviewing their business continuity plans to ensure that they are prepared to maintain ACH payment processing capabilities in the event of possible disruptions.
Four credit union-supported candidates were victorious in Tuesday’s primary elections in Mississippi. These victories mark 101 wins for 101 credit union-backed candidates so far in the 2020 election cycle.
CUNA wrote to House and Senate appropriations leaders Wednesday requesting emergency legislation to combat the effects of the coronavirus emergency on the ability of small businesses and individuals to access credit and basic financial services during this time of uncertainty.
CUNA Chief Compliance Officer Jared Ihrig and American Association of Credit Union Leagues Executive Director Brad Miller were among the many credit union leaders that spoke with CUBroadcast during this year’s CUNA Governmental Affairs Conference.