America’s Credit Unions Letter of Congratulations to CDFI Fund Director Pravina Raghavan
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March 2024
February Economic Update provides deep dive into macro economy
The America’s Credit Unions February Economic Update is now available, featuring a breakout session from the 2024 Governmental Affairs Conference (GAC). The presentation was led by America’s Credit Unions Economic Research Team: Mike Schenk, Dawit Kebede, Ligia Vado, and Curt Long. The session begins with an update from Schenk stressing the importance of advocacy at …
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Nussle to Congress: CFPB supervision of nonbank payments providers should go further
America’s Credit Unions supports the bureau’s proposed rule to place “larger participants” digital payments providers under its supervisory authority America’s Credit Unions told a House subcommittee on Wednesday. America’s Credit Unions submitted comments in conjunction with a House Financial Services Digital Assets Subcommittee hearing on the proposal. “Our members do not want to discourage innovation …
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Nussle: Credit union tax status is a responsibility to consumers
The credit union tax status is a responsibility for credit unions to put people over profits, America’s Credit Unions President/CEO Jim Nussle wrote in American Banker. Nussle highlighted that—despite bank falsehoods—the data shows the reality behind the credit union difference. “Credit union members saw more than $21.5 billion in economic benefits from September 2022 to …
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TCPA Consent Revocation Rules
On March 5, 2024, the Federal Communications Commission (FCC) published a final rule in the Federal Register to “clarify and strengthen” a consumer’s right to revoke consent to receive robocalls and robotexts under the Telephone Consumer Protection Act (TCPA). The rule reflects several changes requested by America’s Credit Unions during its engagement with the FCC …
Credit union-backed candidates win in Mississippi
America’s Credit Unions PAC and the Mississippi Credit Union Association were involved in five primaries in Mississippi Tuesday, with all credit union-backed candidates winning their races. These include Sen. Roger Wicker, R, and Reps. Trent Kelly, R, Bennie Thompson, D, Michael Guest, R, and Mike Ezell, R. In California, America’s Credit Unions PAC and California …
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SBA issues change for PPP loan forgiveness application process
The Small Business Administration (SBA) Wednesday announced it was making changes to its Paycheck Protection Program (PPP) loan forgiveness application process. The changes “allow all PPP borrowers to apply for loan forgiveness through the SBA PPP Direct Forgiveness Portal, regardless of their loan size or Lender.” It also requires all lenders to process forgiveness applications …
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America’s Credit Unions requests court ‘set aside’ section 1071 rule
The CFPB’s small business lending data collection rule should be set aside, America’s Credit Unions, Cornerstone League, Rally Credit Union, and other organizations wrote in a consolidated motion for summary judgement filed in the U.S. District Court for the Southern District of Texas. The CFPB finalized its rule requiring financial institutions to collect and report …
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America’s Credit Unions calls out inaccurate attack on industry
America’s Credit Unions Chief Advocacy Officer Carrie Hunt wrote to National Taxpayers Union (NTU) President Pete Sepp to call out inaccuracies in a recent blog post. “While Mr. Bishop-Henchman and Mr. Putnam may be knowledgeable about tax policy, they clearly do not understand credit unions, the purpose they serve in the financial services industry, nor …
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