America’s Credit Unions Chief Association Services Officer Todd Spiczenski is excited to welcome the credit union industry to Washington, D.C., to advocate with a unified voice for the first time as the new organization. “It takes your breath away,” Spiczenski says of the premier advocacy event that brings nearly 6,000 advocates to the nation’s capital. …
Spiczenski: What to expect from the revamped GAC Read More »
Rep. Brian Fitzpatrick, R-Pa., recognized “the importance of credit unions in the financial services marketplace,” in a Congressional Record entry Friday. “As a long-time credit union member and supporter, I appreciate the difference between credit unions and banks. Credit unions are not-for-profit financial cooperatives that are democratically controlled. Every member, regardless of how much they …
Rep. Fitzpatrick: Credit unions ‘act purely in the interest of members’ Read More »
This week, lawmakers return to Washington with plans to tackle some government funding items set to expire March 1 in order to avoid a partial government shutdown. America’s Credit Unions will continue to keep credit union industry advocacy priorities top-of-mind. Also happening this week: America’s Credit Unions is preparing to welcome thousands of credit …
This week: Congress returns, works to avoid partial government shutdown Read More »
The Federal Reserve will host a free 60-minute webinar with FedNow Service participants sharing how they planned and implemented fraud risk management strategies in advance of adopting the service. Federal Reserve leaders will also preview their new tech-centric developer resource, as well as upcoming engagement opportunities. The webinar will take place March 20 at 2 …
Fed to host town hall on FedNow fraud risk management Read More »
America’s Credit Unions President/CEO Jim Nussle and members of the organization’s advocacy team met with NCUA Chairman Todd Harper Thursday at the NCUA’s headquarters in Alexandria, Va. “Thank you to Chairman Harper and his staff for their time and great discussion today on how the NCUA and America’s Credit Unions can support policies to increase …
Nussle, advocacy team meet with NCUA Chairman Harper Read More »
America’s Credit Unions’ Jason Stverak and Greg Mesack Thursday sent a message to Congress to push back against the Big Box Bailout bill and explain why interchange works for consumers, financial institutions, and small businesses. The message highlights small business owners and credit union members Cindy Carver of Rapid City, S.D., and Cherella Lee of …
America’s Credit Unions to Congress: Interchange works for small business Read More »
Credit union loans outstanding increased 0.3% in December, according to America’s Credit Unions’ latest Monthly Credit Union Estimates, compared to a 0.4% increase in November 2023 and a 1% increase in December 2022. The estimates are based on information from a monthly sample of credit unions and are revised whenever more complete data is available. …
The Financial Crimes Enforcement Network (FinCEN) issued a small entity compliance guide Tuesday to provide information on the requirements for accessing beneficial ownership information (BOI). FinCEN’s final rule regarding BOI access went into effect Tuesday and requires reported BOI to be confidential, protected, and disclosed only to certain authorized parties. The guide provides an overview …
Feedback on how the CFPB’s overdraft proposal will impact access to financial services for credit unions of all sizes will help America’s Credit Unions in its push for the CFPB to reconsider the proposal. Comments sharing specific concerns and stories will help the bureau understand why consumers opt into regulated overdraft protections. The proposal would …
Action alert seeks feedback on impact of CFPB overdraft proposal Read More »
America’s Credit Unions’ Luke Martone called on the NCUA to “further enhance” its budget transparency in a letter responding to the agency’s request for comment on its overhead transfer rate (OTR) methodology. Martone suggested the agency adopt the proposed clarifying language regarding the four categories used in the OTR calculation to help credit unions better …
America’s Credit Unions calls for more transparency on NCUA budget Read More »
