January 2024

America’s Credit Unions priorities: Protect, empower, advance credit unions

America’s Credit Unions looks to build on the strong foundations of its legacy organizations to ensure credit unions and those they serve can thrive financially. America’s Credit Unions President/CEO Jim Nussle wrote to congressional leaders and the heads of regulatory agencies Tuesday, to outline the policy priorities the new organization will advance for the industry. …

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Nussle congratulates Otsuka on NCUA Board confirmation 

America’s Credit Unions President and CEO Jim Nussle sent congratulations to NCUA Board Member Tanya Otsuka on her confirmation to the NCUA Board. Otsuka was sworn into the board Monday. “We are excited to work with you in your new role during a period of relative strength and health of the credit union system,” wrote Nussle. …

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Reminder: Complete debit card interchange survey by Jan. 12

America’s Credit Unions is calling on credit unions to complete a survey on the Federal Reserve’s interchange proposal before the survey closes Friday. Unique survey links were sent to members Dec. 19 with the subject line, “Make your voice heard.” The Federal Reserve issued the proposal in November that would make several changes to the …

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Welcome to Compliance at America’s Credit Unions!

As we ring in the New Year, we are thrilled to transform into America’s Credit Unions. America’s Credit Unions carries forward many of the things that your credit unions loved about our legacy organizations – including proactive regulatory compliance information, services, and assistance. With regulatory issues continuing to escalate and financial regulators increasing their enforcement …

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America’s Credit Unions reignites fight against big box bailout bill

America’s Credit Unions—as part of a coalition representing nearly 10,000 financial institutions in all 50 states—launched a new campaign to highlight united opposition against big box bailout interchange legislation.  The Electronic Payments Coalition campaign uses digital displays and video ads to focus on the negative impact this legislation would have on credit unions and community …

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CFPB Building

CFPB oversight should hold nonbanks to same standards as credit unions

America’s Credit Unions’ Andrew Morris wrote to the CFPB in response to its proposed rule designating certain nonbanks offering “general-use digital consumer payment applications” as larger participants subject to the bureau’s supervisory jurisdiction. Morris offered the association’s general support for the rule, in addition to outlining several recommendations.   “Consumers benefit from innovation that offers …

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