Sen. Mark Warner, D-Va., and Rep. Erin Houchin, R-Ind., addressed the Governmental Affairs Conference (GAC) from the main stage Wednesday. Warner told attendees he’s on “the right side of the interchange issue,” and spoke about his support for Community Development Financial Institutions (CDFIs) and the importance of making sure credit unions can access the program …
Sen. Warner, Rep. Houchin talk credit union support at GAC Read More »
NCUA Vice Chairman Kyle Hauptman shared his perspective on a variety of topics during a Q&A with America’s Credit Unions’ Ann Petros at the 2024 Governmental Affairs Conference (GAC) Wednesday, including that he doesn’t support third-party vendor authority for the NCUA nor creating a “mini CFPB” at the agency. Hauptman stressed the real-world consequences of …
NCUA’s Hauptman shares perspective on innovation, consumer protection at GAC Read More »
Five-time Olympian and three-time Olympic gold medalist Shaun White knows a lot about success. He shared his tips for credit union leaders during a keynote fireside chat with emcee Mia Perez to close out general sessions at the Governmental Affairs Conference (GAC) Wednesday. To illustrate how he got to where he is today, White started …
The Rt. Honorable Theresa May joined America’s Credit Unions President/CEO Jim Nussle Tuesday for a discussion during the organization’s 2024 Governmental Affairs Conference (GAC). As only the second woman to serve as Britain’s Prime Minister, May shared her perspective on politics, geopolitical relations, working to find compromise, and stories from her time of service. Much …
May, Nussle discuss importance of service in leadership Read More »
Credit unions were involved with 87 primaries in five states on Super Tuesday in Alabama, Arkansas, California, North Carolina and Texas. All but one candidate was victorious, with the primary of credit union-backed Rep. David Valadao, R-Calif., yet to be called. Candidates were supported by the America’s Credit Unions PAC and Leagues. Credit union-supported Rep. …
Credit union candidates across 5 states win on Super Tuesday Read More »
I recently attended an NCUA webinar regarding the revised CDFI Certification Application and thought it may be helpful to provide a brief overview. Before we begin, let’s discuss what a CDFI actually is. CDFI stands for Community Development Financial Institutions and, according to this NCUA resource regarding the NCUA-CDFI Certification Initiative, “[t]he U. S. Treasury …
Community Development Financial Institutions (CDFIs) Read More »
It’s critical the Senate Banking Committee understand the immense pressure credit unions are under in terms of compliance and operational challenges, America’s Credit Unions President/CEO Jim Nussle wrote to the Senate Banking Committee in advance of Federal Reserve Chair Jerome Powell’s Thursday testimony. Nussle highlighted credit unions’ strong opposition to the Federal Reserve’s debit interchange …
Debit interchange proposal would cause economic harm Read More »
Organizations can’t treat diversity, equity, and inclusion (DEI) as a side project and achieve meaningful change. Successful initiatives require commitment and support from senior leadership, an understanding of the business need and required investment, and clear DEI strategy and aspirations. So say Jackie Wong, associate partner and senior DEI expert at McKinsey, and Jonathan Njus, …
Karen Harbin, president/CEO of Commonwealth Credit Union—and secretary of America’s Credit Unions Transition Board—will testify before a House Financial Services subcommittee Thursday on behalf of America’s Credit Unions. During the hearing, Harbin will share how increasing regulatory burdens are hampering credit unions’ ability to serve members, including the CFPB’s recently finalized rule on credit card …
America’s Credit Unions board member to testify before House subcommittee Read More »
Rep. Blaine Luetkemeyer, R-Mo., introduced the Secure Payments Act (H.R. 7531), which would stop finalization of the Federal Reserve’s proposed debit interchange proposal. Credit unions strongly oppose the Fed’s proposal, and the introduction comes as nearly 6,000 credit union advocates are in Washington, D.C., for the 2024 Governmental Affairs Conference. The Fed’s proposal would make …
Bill introduced to require stop, study of Fed interchange proposal Read More »
