Author name: America's Credit Unions

Nussle challenges banks to think about 43M vulnerable Americans

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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 …

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Biden calls out ‘junk fees’ in State of the Union address

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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 …

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Funding package to avoid partial government shutdown awaits Senate approval 

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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 …

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Ameria’s Credit Unions Announces Inman Servant Leadership Award Winner

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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 …

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Thousands visit Capitol Hill to advance credit union priorities  

GAC Featured, GAC News, GAC Trending, GAC Wednesday, News / / / 2 minutes of reading

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 …

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Bipartisan letter questions impact of Fed interchange proposal

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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 …

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Sen. Warner, Rep. Houchin talk credit union support at GAC

GAC News, GAC Trending, GAC Wednesday, News / / / 2 minutes of reading

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 …

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NCUA’s Hauptman shares perspective on innovation, consumer protection at GAC

GAC News, GAC Trending, GAC Wednesday, News / / 2 minutes of reading

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 …

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May, Nussle discuss importance of service in leadership

GAC News, GAC Trending, GAC Tuesday, News / / 2 minutes of reading

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 …

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