President Joe Biden’s FY23 budget proposal released Monday contains several items of interest to credit unions, including the Treasury’s Community Development Financial Institutions Fund and NCUA's Community Development Revolving Loan Fund.
The House and Senate are both in session this week and will consider pending legislation. UW Credit Union President/CEO Paul Kundert will testify before a House subcommittee for a hearing on overdraft fees.
The Consumer Financial Protection Bureau should carefully examine and regulate “buy now, pay later” companies, CUNA wrote to the Consumer Financial Protection Bureau Friday in response to a request for information on BNPL products.
Systemic bias in the home appraisals process exacerbates the homeownership gap, racial wealth gap, and harms long-term U.S. financial security, CUNA wrote to the Senate Banking, Housing and Urban Affairs Committee for its hearing on oversight and equity in the appraisals process.
NCUA issued a Risk Alert on the heighted risk of social engineering and phishing attacks that comes with the conflict in Ukraine. According to NCUA, there are raised concerns over potential cyberattacks in the U.S., including against the financial sector.
The interagency task force on Property Appraisal and Valuation Equity released its Action Plan to Advance Property Appraisal and Valuation Equity Wednesday morning. CUNA has engaged with the agencies that compose PAVE on the need for assessing racial and other bias in the appraisals process.
Overall credit union loans outstanding increased 0.7% in January of 2022, compared to a 0.9% increase in December of 2021 and a 0.09% decrease in January of 2021, according to CUNA’s latest Monthly Credit Union Estimates.
CUNA and other organizations wrote to Treasury Secretary Janet Yellen Monday to request Treasury’s assistance to reinvigorate coin circulation within the U.S. The pandemic has led to decreased circulation of coins over the past two years.
While the House is in recess this week, the Senate will resume consideration of H.R. 4521, the America COMPETES Act of 2022. The bill passed the House in February with the text of the CUNA-League-supported Secure and Fair Enforcement (SAFE) Banking Act.
The Department of Justice issued guidance last week on web accessibility and the Americans with Disabilities Act (ADA). In addition to plain-language information designed for those without a legal or technical background, the guidance reviews the department’s ongoing work to advance website accessibility.
Credit Union Magazine’s Spring 2022 edition profiles four Credit Union Heroes and examines CUNA's advocacy priorities, the advocacy army, and financial well-being for all.