CUNA highlighted credit union service to veterans and called for support for the Veterans Member Business Loan Act in a message to Congress sent Wednesday featuring a small business owner, veteran, and member who worked with his credit union to start his business.
Credit union-supported Gabe Amo (D) was elected to the U.S. Congress in Tuesday’s special election in Rhode Island’s 1st Congressional District, with support from the Credit Union Legislative Action Council and the Cooperative Credit Union Association.
CUNA launched Credit Unions Vote, a campaign designed to foster credit union involvement in the 2024 election cycle. It focuses on getting credit union members to vote and is centered around the newly updated CreditUnionsVote.com.
CUNA wrote in support of several credit unions priorities in the House FY24 Financial Services and General Government (FSGG) bill Wednesday. The House is expected to consider the bill on the floor this week.
The Federal Housing Finance Agency released its comprehensive report on the FHLBank system Tuesday. CUNA engaged with the FHFA throughout the process on the benefits credit union members see from credit union membership in the FHLBank system, and the report contains several of CUNA’s recommendations.
The CFPB issued a proposal Tuesday to extend supervision and examinations to larger nonbank companies that offer services that include digital wallet and payment apps handling more than 5 million transactions per year.
CUNA and NAFCU requested NCUA extend the comment deadline for its proposal to simplify share insurance coverage rules by 30 days in a letter sent Tuesday. Comments are currently scheduled to close Dec. 26.
CUNA has concerns about how the Department of Labor’s (DOL) overtime proposal may affect small credit unions and those in rural and low-cost areas, it wrote to the DOL in comments filed Tuesday.
Interchange proposals being considered in Washington, D.C., will make using credit cards riskier and more expensive, wrote Kathy Harrington, president of Heartland Credit Union, Inver Grove Heights, Minn., in the Brainerd Dispatch this week.
The Senate Banking, Housing, and Urban Affairs Committee voted unanimouslyto advance NCUA board nominee Tanya Otsuka for a Senate floor vote. If confirmed, she would take the seat of current board member Rodney Hood, whose term expired in August.