Dozens of Texas credit union leaders met with Rep. Wesley Hunt, R-Texas during an in-district meeting at First Service Credit Union in Houston August 8. The meet-and-greet brought 40 credit union leaders together with Hunt, who chairs the House Small Business Subcommittee on Rural Development, Energy, and Supply Chains. The group discussed the credit union …
The CFPB ‘s proposal to exclude medical debt from credit reports should be issued as guidance instead. That’s the input submitted by America’s Credit Unions to the bureau Monday. Senior Regulatory Affairs Counsel James Akin noted that credit unions and other lenders need as complete a picture as possible when making lending decisions as they …
Medical debt proposal should be issued as guidance, lacks policy basis Read More »
Today’s blog is going to focus on Regulation E – specifically, provisional credit. First, when are credit unions required to provide provisional credit? Generally, under Regulation E, once a credit union has received a member’s notice of error, the credit union has 10 business days to complete its investigation in order to determine whether an …
A financial marketplace that allows credit unions to grow and innovate through the responsible use of artificial intelligence (AI) is vital. America’s Credit Unions shared this viewpoint and addressed support for AI in a letter to the Treasury Department, responding to its request for information (RFI) on the uses, opportunities, and risks of artificial intelligence in …
Overregulation of emerging tech can stifle innovation, says America’s Credit Unions Read More »
This week, America’s Credit Unions is monitoring four primary elections and will engage with regulators on various credit union hot topics. The House and Senate are both in recess, with lawmakers back home in their districts. Congress reconvenes following the Labor Day holiday. Also happening this week: Stay tuned to America’s Credit Unions for the …
This week: Primaries continue; comments due to regulators and America’s Credit Unions Read More »
Hawaii held its primary on Saturday with three credit union-backed candidates continuing to the November election. Four states hold their primary elections this week – Connecticut, Minnesota, Vermont, and Wisconsin. America’s Credit Unions worked with state Leagues to support five candidates in Connecticut, seven candidates in Minnesota, one candidate in Vermont, and six candidates …
Credit union-backed candidates win in HI primaries, with more ahead Read More »
The NCUA Board unanimously approved, by notation vote, an interagency notice of proposed rulemaking that would establish data standards for certain information collections submitted to the NCUA and other federal financial regulators. The proposal is required by the Financial Data Transparency Act of 2022. It would “promote interoperability of financial regulatory data across the agencies …
NCUA Board approves proposal to standardize data submitted to regulators Read More »
America’s Credit Unions, the American Association of Credit Union Leagues, Leagues, and credit unions brought the credit union perspective to state legislators this week at the National Conference of State Legislatures (NCSL) Legislative Summit in Louisville, Ky. The NCSL is an organization of state legislators and staff, and the summit brings them and other professionals …
Credit unions talk state, local taxation at NCSL Legislative Summit Read More »
