Author name: America's Credit Unions

The National Mall in Washington, D.C.

CDFI transparency bill will ensure fund continues to fulfill mission

News / / / 2 minutes of reading

America’s Credit Unions President/CEO Jim Nussle wrote in strong support of the Community Development Financial Institution (CDFI) Fund Transparency Act (H.R. 3161) prior to its scheduled markup by the House Financial Services Committee. The bipartisan bill would require Congressional testimony on the Treasury’s CDFI Fund’s operations and activities, and was introduced by Reps. John Rose, …

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Credit union-backed candidates win in Tuesday’s primaries

News / / 1 minute of reading

All seven credit union-supported candidates won in Tuesday’s primary elections in Maryland, Nebraska, and West Virginia.   The primaries included elections for six open seats: four in the House and two in the Senate. In Maryland, the America’s Credit Unions PAC supported candidate Johnny “O” Olszewski Jr. to replace retiring incumbent Dutch Ruppersberger in the state’s …

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The Smoking Gun???

Compliance / / / 3 minutes of reading

In his statement before the U.S. House of Representatives Committee on Financial Services, Chairman Harper discussed the state of the credit union system, including NCUA’s mission to examine credit unions with $10 billion or less in assets for compliance with consumer protection laws and regulations. Chairman Harper stated to the Committee that NCUA is conducting …

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Inflation slowed slightly in April 

News / / 1 minute of reading

The Bureau of Labor and Statistics (BLS) released April’s consumer price index report Wednesday, noting inflation rose 0.3% last month. Indexes that increased include shelter, motor vehicle insurance, medical care, apparel, and personal care. The indexes for used cars and trucks, household furnishings and operations, and new vehicles decreased.  “Headline and core inflation slowed down …

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Register now for NCUA webinar on financial planning for older Americans

News / / / 1 minute of reading

The NCUA will hold a webinar May 30 on the importance of planning for retirement in recognition of Older Americans Month.   Speakers from the NCUA Office of Consumer Financial Protection, Department of Health and Human Services, Social Security Administration, and CFPB will provide attendees with practical tools to manage their finances as they age, as …

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Fed, CFPB release adjusted Reg CC thresholds 

News / / 1 minute of reading

The Federal Reserve and CFPB Monday announced the inflation-adjusted Regulation CC dollar thresholds that will take effect July 2025. Regulation CC governs the availability of funds from customer deposits and the collection and return of checks.  “These changes in Regulation CC include the minimum amount of deposited funds that banks must make available for withdrawal …

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