Blog
- Voice of CUs Heard on Capitol Hill; Senate Passes NDAA Without Interchange
July 28, 2023The U.S. Senate passed its version of the National Defense Authorization Act (NDAA) for fiscal year 2024 Thursday night without the interchange amendment the credit union industry fought to exclude.
- Expelliarmus! NCUA Issues Final Rule on Member Expulsion
July 21, 2023At Thursday's meeting of the NCUA Board, the Board voted unanimously to approve the Final Rule on an additional avenue for member expulsion. Today we'll be going over the eligibility aspect: what member behavior qualifies them for expulsion under this new process, and what doesn’t? Let's dive in.
- League Supports Implementation of Member Expulsion Rule
July 20, 2023The Virginia Credit Union League applauds the National Credit Union Administration Board for its unanimous vote today to approve a modernized process for member expulsions, but will look for ways in the future to streamline the process.
- League President/CEO Carrie Hunt Featured in Podcast on State Vs Federal Advocacy
July 20, 2023League President/CEO Carrie Hunt was recently interviewed for the NAFCU Credit Union Policy Podcast for a discussion about state versus federal advocacy and policy priorities from the perspective of state regulators and lawmakers versus the federal level. Dive into specific issue areas including data privacy and data security, employment law concerns, and litigation trends.
- CUs Urged to Write Sens. Warner, Kaine in Opposition to Move to Attach Interchange Bill to NDAA
July 19, 2023Credit unions: We are urging you to write Sens. Mark Warner and Tim Kaine in opposition to the interchange bill being included as an amendment to the National Defense Authorization Act (NDAA).
- League Monitoring Senate Debate on NDAA for Possible Inclusion of Fiercely Opposed Interchange Bill
July 17, 2023The U.S. Senate this week is debating its version of the National Defense Authorization Act and your League is closely monitoring any moves to attach the fiercely opposed interchange bill to the must-pass NDAA. In a letter today to Sens. Warner and Kaine, we urged them to oppose any effort to include interchange language in the NDAA or to include another amendment calling for the study of interchange fees paid at military commissaries and exchanges.
- Member Expulsion Rule on NCUA Board’s July 20 Agenda
July 17, 2023The NCUA Board will vote at its July 20 board meeting on a final credit union bylaws rule that updates the member expulsion process. The meeting will be streamed live on NCUA.gov starting at 10 a.m.
- FOM Expansion Would Help Communities Hurt by Bank Closures
July 12, 2023Credit unions cannot match the sheer number of bank branches but stand ready, willing, and able to help reverse the negative trends that for-profit banks have put into motion, CUNA wrote to a Senate Banking, Housing, and Urban Affairs subcommittee. The Subcommittee on Economic Policy conducted a hearing Wednesday on the economic impacts of bank mergers.
- Leagues, CUNA and NAFCU File Brief with U.S. Supreme Court on CFPB’s Leadership, Funding Structures
July 10, 2023The American Association of Credit Union Leagues (AACUL), the Credit Union National Association (CUNA), and the National Association of Federally-Insured Credit Unions (NAFCU) have jointly filed an amicus brief with the U.S. Supreme Court as the nation's highest court is set to hear a case that might well decide the future of the Consumer Financial Protection Bureau.
- CFPB Report Shows Late Fees are Not a Top Complaint — for a Reason
July 7, 2023CFPB Director Rohit Chopra is staking his tenure at the agency on a radical plan to wipe out $9 billion a year in consumer costs by cutting credit card late fees to just $8, down from the current first-time maximum of $30.