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.
CUNA will be engaged with Congressional hearings in both chambers this week, as well as several mark ups of appropriations legislation, including the financial services and general government bill and National Defense Authorization Act.
The Federal Communications Commission Thursday approved a declaratory ruling on default call-blocking. CUNA’s action alert helped secure a “safety valve” in the order, and CUNA’s CompBlog examines what the ruling means going forward.
CUNA attended the two-day meeting of the CFPB's Credit Union Advisory Council Wednesday and Thursday, which included discussions on faster payments, remittances and the CFPB’s recent debt collection proposal.
The CFPB Thursday announced a delay in the mandatory underwriting provisions for its short-term, small-dollar (payday) rule to Nov. 19, 2020. CUNA supports the delaying but also called for an implementation delay of the entire rule.
The FCC Thursday voted to approve its default call-blocking order, which includes a CUNA-supported mechanism for challenging erroneous call blocking. CUNA is concerned the order will lead to credit unions being unable to reach members.
As the FCC prepares to vote Thursday on a default call blocking proposal, many of the hundreds of comments generated by CUNA’s action alert appear to have spurred the agency to provide a relief mechanism for legitimate callers.
Online registration is open for a June 12 webinar discussing the Bank Enterprise Award Program hosted by NCUA. Staff from the Office of Credit Union Resources and Expansion will discuss the program and its potential benefits.
Leadership from CUNA, AACUL and state credit union associations across the country wrote to Senate Banking Committee leadership Wednesday to conduct hearings and discuss safe banking options for legal cannabis-based businesses.
Comments on proposals on HMDA reporting thresholds, loans and lines of credit to members and remittances are due in the month of June. A complete list of upcoming deadlines can be found on CUNA’s advocacy action page.