America’s Credit Unions Letter to Senate on S. 4943, the Protecting Consumers from Payment Scams Act
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August 2024
Credit union-backed candidates win in TN primaries, more primaries ahead
In the Tennessee primary, all candidates backed by America’s Credit Unions and the Tennessee Credit Union League won. Notably, Rep. Andy Ogles, R, beat a challenge from City Councilwoman Courtney Johnston with 56% of the vote. “Our state primary had extremely low turnout, which affected multiple races. However, on the federal level we were pleased …
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This week: Congress out for August recess, in-district meetings and primaries ahead
Members of both the House and Senate are back home in their districts for the August recess. As America’s Credit Unions remains focused on credit union industry priorities, state Leagues and credit unions are holding in-district meetings with elected officials this month, including a meeting with Rep. Emanuel Cleaver, D-Mo., credit union leaders, and the …
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July’s jobs data comes in as ‘mediocre’
The Bureau of Labor and Statistics (BLS) released July’s jobs report Friday, noting 114,000 jobs were added. The unemployment rate rose for the fourth consecutive month and currently sits at 4.3%. America’s Credit Unions Deputy Chief Economist Curt Long analyzed the data. “The July jobs report was a mediocre one, with job gains of …
America’s Credit Unions provides credit union perspective on mortgage transaction fees for CFPB
Concerns with unsustainable burdens in negotiating mortgage closing cost fees on community-based mortgage lenders – including credit unions – is at the center of America’s Credit Unions’ letter to the CFPB sent Friday in response to the bureau’s request for information (RFI) regarding fees imposed in residential mortgage transactions. “Credit unions have no influence on …
Nussle: Keep credit union advocacy consistent through change
Credit unions’ presence in front of lawmakers – with four committee appearances to testify before Congress since March – is just one way advocacy efforts are maintaining consistency through change in Washington, D.C. America’s Credit Unions President/CEO Jim Nussle emphasized the importance of strong advocacy outreach in a CUInsight op-ed Thursday. “The best thing credit …
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Sen. Rounds introduces America’s Credit Unions-supported student lending bill
A new guaranteed student loan program that would allow private financial institutions – including credit unions – to issue loans is at the center of the newly introduced Affordable Future Loan Program Act. Sen. Mike Rounds, R-S.D., introduced the America’s Credit Unions-supported student lending bill Wednesday. It would amend the Higher Education Act of 1965 …
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America’s Credit Unions urges CFPB to reissue Reg Z interpretive rule as a proposed rule
In a letter to the CFPB sent Thursday, America’s Credit Unions strongly objected to the use of an interpretive rule rather than a proposed rulemaking with a standard notice and comment period. America’s Credit Unions Senior Regulatory Affairs Counsel James Akin noted that while the organization supports the bureau’s efforts to bring regulatory consistency …
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