Sens. Sherrod Brown, D-Ohio, and J.D. Vance, R-Ohio, called on the Federal Reserve to ensure Ohio’s state-chartered credit unions can access the Bank Term Funding Program, a day after CUNA, AACUL and Leagues wrote the Fed with the same concerns.
CUNA will host the second in its free webinar series on the FedNow service April 25 at 2 p.m. ET. FedNow is the Federal Reserve’s real-time 24x7x365 payments service, and will start operating in July.
The EPA released implementation framework for its Greenhouse Gas Reduction Fund (GGRF), a $27 billion competitive grant program. Publication of the formal Notices of Funding Opportunities are expected as early as June, and the EPA has scheduled listening sessions starting the week of April 24.
CUNA joined the CDFI Coalition and more than 200 other organizations requesting $341 million for the Treasury’s CDFI Fund in FY24 in letter sent leaders of House and Senate Appropriations Committees and Financial Services and General Government Subcommittees.
The NCUA board issued a request for information (RFI) on climate-related financial risk and heard a briefing on the federal credit union loan interest rate ceiling Thursday. The RFI seeks comments regarding climate risks to credit unions, related entities, their members, and the NCUSIF.
CUNA joined other financial services organizations to request the Consumer Financial Protection Bureau extend the submission deadline for its revised Terms of Credit Card Plan survey to Sept. 1, the date for the next TCCP survey.
The Federal Reserve should allow all credit unions—regardless of the source of deposit insurance—access to its Bank Term Funding Program (BTFP), CUNA, the American Association of Credit Union Leagues, and 45 state credit union Leagues and Associations wrote to the Federal Reserve Wednesday.
NCUA released its Office of Minority and Women Inclusion Annual Report to Congress on the agency’s diversity, equity, and inclusion programs and initiatives in 2022. It also outlines the agency’s efforts in ensuring fair and inclusive business practices.
Credit unions continue to adapt to rising interest rates and other economic shifts, CUNA Chief Economist Mike Schenk told Equifax's Market Pulse podcast, adding that they need to continue to demonstrate the credit union difference, especially during economic uncertainty.
Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.