America’s Credit Unions’ Amanda Smith wrote to the NCUA on its proposed rule to enact the Fair Hiring in Banking Act (FHBA). The bill, passed as a part of the fiscal year 2023 National Defense Authorization Act, would replace a lifetime ban for those with disqualifying convictions to work in the banking sector and create an …
America’s Credit Unions offers recommendations on FI hiring rule Read More »
The Federal Trade Commission (FTC) should avoid subjecting not-for-profit, well-regulated state credit unions to its proposal against unfair or deceptive practices related to fees for goods or services, America’s Credit Unions wrote to the agency Monday. The FTC’s proposal—which targets bad actors who misrepresent the nature of certain fees—acknowledges it does not hold jurisdiction over …
State credit unions shouldn’t be subject to FTC fees proposal Read More »
Read Comment Letter
Read Comment Letter
With Congress back in Washington, D.C., America’s Credit Unions will engage with lawmakers for the first time as a strong, united national trade association. The advocacy team will be active on Capitol Hill, providing updates on the new organization and advancing credit union priorities. America’s Credit Unions will also engage in several hearings this week, including: America’s …
This week: Congress returns, fiduciary rule hearing scheduled Read More »
The CFPB Thursday announced that the filing period for Home Mortgage Disclosure Act (HMDA) data collected in 2023 is open. The bureau noted that “[s]ubmissions will be considered timely if received on or before Friday, March 1, 2024.” Credit unions can access the HMDA platform to file their data. Credit unions can test their submissions …
The CFPB issued a report Friday identifying challenges faced by borrowers with federal student loan payments resuming after a three-year pause due to the COVID-19 pandemic. The issue spotlight highlights: NCUA issued a letter to credit unions (23-CU-08) in October encouraging credit unions to work “constructively with impacted borrowers,” and noting NCUA “will not criticize …
CFPB spotlight examines student loan payment resumption challenges Read More »
America’s Credit Unions Transition Board of Directors Thursday held its first official meeting since the new trade association launched Jan. 1. The board, led by Chair Brian Schools and Vice Chair Lisa Ginter, held a meet-and-greet with the association’s Executive Leadership Team, appointed committee assignments, approved a supplemental budget to support transformation efforts, and approved …
America’s Credit Unions Board meets for first time Read More »
Rep. Blaine Luetkemeyer, R-Mo., announced Thursday he will not run for re-election in 2024. A member of the House Financial Services Committee since his first election to the House in 2009, Luetkemeyer has consistently focused on financial and regulatory issues affecting credit unions. Throughout his tenure, he introduced several pieces of legislation supported by the industry. …
Rep. Luetkemeyer will not seek re-election in 2024 Read More »
