Blog
- CUNA, AACUL, Leagues Oppose Any Expansion of Durbin Amendment
May 4, 2022Expansion of the Durbin Amendment to the credit market will lead to less spending power for consumers, CUNA, the American Association of Credit Union Leagues, and all credit union Leagues wrote to the Senate Judiciary Committee Tuesday. The committee is conducting a hearing Wednesday on interchange fees.
- Limiting Overdraft Programs Could Harm Access to Responsible Services
May 4, 2022CUNA strongly objects to legislation, regulation and other government intervention to restrict the ability of credit unions to offer overdraft protection plans that help members resolve short-term financial difficulties, CUNA wrote to a Senate Banking, Housing, and Urban Affairs Subcommittee. The committee conducted a hearing on overdraft fees.
- Democratic senators Take Aim at Zelle and Its Bank Owners Amid Growing Fraud Scrutiny
April 28, 2022Two top Democrats on the Senate Banking Committee are demanding information from the bank-owned parent company behind Zelle detailing the payment network’s efforts to combat customer fraud.
- League Showcases Advocacy Efforts, Most-Pressing Issues at Ignite 2022
April 28, 2022Much of our programming at Ignite focused on our legislative and regulatory affairs work on behalf of credit unions, though we also spotlighted the key legislative and regulatory issues confronting credit unions.
- League Writes Sens. Warner, Kaine on Interchange Fee Hearing
April 28, 2022In advance of the U.S. Senate Judiciary Committee's scheduled May 4 hearing on interchange fees, your League has sent letters to Sens. Mark Warner and Tim Kaine explaining the neccessity of these small fees to ensure the safety and security of members’ data and to combat fraud.
- Cryptocurrencies Offer Innovative Possibilities, But Also Pose Risks
April 26, 2022While the strategic path for credit unions may feel unclear, consumer demand for crypto cannot be ignored and the Filene Research Institute's latest report, The Path Forward for Crypto: What Credit Unions Need to Know, offers next steps for credit unions.
- Leagues, CUNA Write Banking Committees in Advance of Hearings with CFPB's Chopra
April 26, 2022Your League has joined with CUNA and our fellow leagues in reaching out via letter to the Senate Banking Committee and House Financial Services Committee in advance of the committees’ hearings with Consumer Financial Protection Bureau Director Rohit Chopra.
- CFPB Invokes Dormant Authority to Examine Nonbank Companies Posing Risks to Consumers
April 26, 2022The Consumer Financial Protection Bureau said Monday it will make more use of its "dormant" authority to conduct supervisory examinations of nonbank companies it believes pose risks to consumers, signaling plans to expand its oversight of firms in the burgeoning fintech sector. Learn more
- CUNA Shares Stance on FHFA’s Re-Proposed Eligibility
April 26, 2022CUNA Senior Director of Advocacy and Council Elizabeth Sullivan spoke Monday at the Federal Housing Finance Agency (FHFA) and Government National Mortgage Association (GNMA or Ginnie Mae) listening session on re-proposed eligibility requirements for both agencies. Sullivan recognized opportunities for the agencies to reduce operational burden on credit unions participating in federal housing-related programs in support of the missions of both agencies to support access to affordable housing. Learn more
- Credit Unions ‘Fit Local Economic Terrain,’ CFPB Recognizes
April 26, 2022Credit unions are among the institutions that offer products and services to fit their communities, the Consumer Financial Protection Bureau (CFPB) wrote in a report released Tuesday on challenges facing rural communities.