CUNA urged Congress to take action on data security in order to ensure consumers’ data privacy, and submitted a letter outlining concerns in advance of a Thursday data privacy hearing, held by a Senate Energy and Commerce subcommittee.

The failure of numerous digital asset companies over the last year, has made crystal clear the need for a comprehensive regulatory framework to govern the digital assets system, CUNA wrote this week for the record of a House subcommittee hearing on regulatory gaps in digital assets.

A bipartisan group of federal lawmakers reintroduced the Secure and Fair Enforcement (SAFE) Banking Act in the House and Senate Wednesday, bills that would provide protections for financial institutions serving cannabis-based businesses where it is legal.

The House Financial Services Committee passed the CUNA-supported the CFPB Transparency and Accountability Reform Act (H.R. 2798) Wednesday night, which would make CUNA and League-supported changes to the CFPB's structure, funding, and more. 

NCUA and other federal financial regulators issued a statement reminding suprvised institutions U.S. dollar LIBOR panels will end June 30 and institutions with USD LIBOR exposure should complete their transition of remaining LIBOR contracts "as soon as practicable."

CUNA wrote the House Financial Services Committee in support of several pieces of legislation to modernize the Consumer Financial Protection Bureau (CFPB) and ensure its approach to credit unions is measured and balanced.

The CFPB should recognize excessive or restrictive requirements would divert credit union resources from meeting member needs, CUNA wrote to in response to the CFPB’s request for information regarding the consumer credit card market.

Defense credit unions continue to serve our nation’s servicemembers and their families exceptionally well, CUNA and other credit union organizations wrote to House and Senate Armed Services Committee leaders Tuesday in advance of consideration of the FY24 National Defense Authorization Act (NDAA).