CUNA and the Defense Credit Union Council (DCUC) laid out the findings from the group’s recent survey on the Military Lending Act (MLA) to the Department of Defense (DOD). 

CUNA Credit Union Magazine announced today that James Schenck, President and CEO of PenFed Credit Union, will be honored as the 2017 Credit Union Hero of the Year.  Schenck believes wholeheartedly in the cooperative spirit of the credit union movement.

The House Financial Services Committee today passed Committee Chairman Jeb Hensarling’s (R-TX) Financial CHOICE Act, which contains a number of regulatory relief provisions that would benefit credit unions, but several items that are concerning to the industry as well. 

The April 2017 edition of the CUNA Economic Update, CUNA’s monthly video series exploring economic trends and their impact on the credit union movement, has been released. 

CUNA stands ready to work with legislators to see regulatory relief enacted into law and the CHOICE Act is a good first step, CUNA wrote to House Financial Services leadership Tuesday. CUNA’s letter was sent in advance of Wednesday’s hearing on Chairman Jeb Hensarling’s (R-Texas) CHOICE Act.

The House Financial Services committee will conduct a hearing on Rep. Jeb Hensarling’s (R-Texas) Dodd-Frank alternative bill April 26. The bill, the Financial CHOICE Act, contains a number of regulatory relief provisions. 

Sen. Ron Wyden, D-Ore., along with Sens. Lisa Murkowski, R-Alaska, Elizabeth Warren, D-Mass., and Ed Markey, D-Mass., introduced the “Credit Union Residential Loan Parity Act,” a bill that creates parity for certain loans.

The March 2017 edition of the CUNA Economic Update is now available.

The Federal Open Market Committee decided Wednesday to raise the federal funds interest rate range to 0.75% to 1%. 

CUNA joined other trade organizations in filing an amicus brief in a court case that questions the Consumer Financial Protection Bureau’s (CFPB) structure.