The Senate Friday passed the first government funding package to fund parts of the government until September. The bill was passed just prior to the midnight deadline and prevents a partial shutdown. The package passed the House Wednesday and included funding for the departments of Agriculture, Commerce, Justice, Veterans Affairs, Energy, Interior, Transportation, and Housing …
This week, America’s Credit Unions hosts credit union leaders in Savannah, Ga., for the sold-out 2024 Strategic Growth Conference. In addition, the organization will remain engaged on Capitol Hill and will monitor several hearings of note for the industry. Wednesday, the House Financial Services Digital Assets, Financial Technology, and Inclusion Subcommittee holds a hearing to …
The Bureau of Labor and Statistics (BLS) released February’s jobs report Friday, noting 275,000 jobs were added and the unemployment rate rose to 3.9%. Jobs gains were mostly seen in health care, government, bars and restaurants, transportation and warehousing. “Results from the February jobs report were somewhat soft, though not alarmingly so,” said America’s …
Regulatory overreach is impeding credit unions’ ability to improve the financial wellbeing of members and Congress and regulators must take action to reverse this trend, America’s Credit Unions Transition Board Secretary Karen Harbin told members of a House Financial Services subcommittee Thursday. Harbin, president/CEO of Commonwealth Credit Union in Frankfort, Ky., testified on behalf of America’s …
Harbin details value-based programs offered by credit unions despite reg burdens Read More »
In a new op-ed in American Banker, America’s Credit Unions President/CEO Jim Nussle hits back against bank lobbyists’ “old, tired attacks against the credit union industry” and challenges the bankers to “[spend] less time thinking about us, and more time thinking about the 43 million Americans who are currently considered financially vulnerable and in need …
Nussle challenges banks to think about 43M vulnerable Americans Read More »
President Joe Biden delivered his third State of the Union address Thursday to a joint session of Congress, the Supreme Court Justices, and military leaders from the House of Representatives chamber. In his address, Biden specifically called out “junk fees” and the CFPB’s newest rule to cut credit card late fees to $8 – ignoring …
Biden calls out ‘junk fees’ in State of the Union address Read More »
The House Wednesday passed a package of spending bills, sending the package to the Senate ahead of tonight’s partial government shutdown deadline. The bipartisan package of six government appropriations bills will fund several departments through September, including: In addition the package will fund the Food and Drug Administration and other federal programs. America’s Credit …
Funding package to avoid partial government shutdown awaits Senate approval Read More »
WASHINGTON, D.C. – America’s Credit Unions President and CEO Jim Nussle presented Crystal Long, president and CEO of GECU in El Paso, Texas, with the 2024 Greg Inman Servant Leadership Award. Long received the recognition during the Governmental Affairs Conference in Washington, D.C., Tuesday. Long was recognized for her commitment to her employees and community, her …
Ameria’s Credit Unions Announces Inman Servant Leadership Award Winner Read More »
Thousands of credit union advocates from every state and the District of Columbia conducted more than 600 meetings on Capitol Hill in conjunction with the 2024 Governmental Affairs Conference (GAC), bringing the credit union difference directly to legislators and regulators. Interchange was the number one topic of discussion in meetings, particularly after the bipartisan letter …
Thousands visit Capitol Hill to advance credit union priorities Read More »
The Federal Reserve’s debit interchange proposal could undermine recent progress in bringing low- and moderate-income (LMI) consumers into the financial services system, a bipartisan group of representatives wrote Federal Reserve Chair Jerome Powell this week. The letter comes after strong credit union opposition to the proposal, and a credit union-backed bill was introduced this week …
Bipartisan letter questions impact of Fed interchange proposal Read More »
