CUNA filed a brief in the Second District Court of Appeals for the Second Judicial District Friday calling for reversal of a state trial court’s decision on the validity of the Visa Global Compromised Account Recovery (GCAR) program.

The Paycheck Protection Program should be extended through Dec. 31, CUNA and hundreds of national and state organizations wrote to Congressional leadership this week. The PPP was reauthorized at up to $284 billion and is scheduled to close March 31.

Leagues and credit unions engaged with elected officials before and during the 2021 CUNA GAC, and many Leagues and credit unions will continue meetings over the coming days to discuss ways credit unions can promote financial well-being for all and advance the communities they serve. 

Speaker of the House Nancy Pelosi (D-Calif.) thanked CUNA, the California Credit Union League, and credit unions for the work they do in her video address to the 2021 CUNA Governmental Affairs Conference (GAC) Wednesday.

NCUA Vice Chairman Kyle Hauptman addressed the 2021 CUNA GAC Wednesday, saying his priorities are managing the fallout from the pandemic and streamlining the regulatory burden, especially the process for starting a new credit union.

The CFPB Wednesday proposed a rule that would delay the mandatory compliance date for the recently finalized amendments to the General QM definition. The mandatory compliance date would change from July 1, 2021 to Oct. 1, 2022.

Newly elected CUNA Board Chairman Brad Green began his tenure with a challenging question: what legacy will you leave for the credit union movement? Green said the CUNA/League system is as strong as it is today because of the engagement of member credit unions.

Senate Majority Leader Chuck Schumer (D-N.Y.) welcomed attendees to the 2021 CUNA GAC Tuesday and was followed by Congressional leaders throughout the day. Schumer pledged to work with credit unions throughout the recovery to ensure the doors of opportunity remain open for all.

CUNA announced the election results for its new Board of Directors Executive Committee Members, including Brad Green, president/CEO of Listerhill Credit Union, who was named board chairman. The newly elected members will serve through the 2022 Annual General Meeting. 

Credit unions embracing diversity, equity, and inclusion is good for business and advocacy, CUNA's Samira Salem wrote Tuesday, noting that with Democratic control of Congress and the White House, enhancing DEI in the financial services sector is a priority.