America’s Credit Unions is supporting a candidate running to fill New York’s open U.S. House seat Tuesday in a special general election. Former Rep. Tom Suozzi, D-N.Y., is running to fill the 3rd Congressional District seat, which was vacated by former Rep. George Santos, R-N.Y., after his expulsion in December. Suozzi was a credit union …
New interchange research shows legislative efforts to disrupt the “safe, secure and well-functioning credit card system” with the Big Box Bailout bill would hurt people that bill sponsors claim it would benefit, America’s Credit Unions wrote to members of Congress Wednesday. “If Congress passes this flawed interchange bill, there are six distinct consequences to American …
New research shows 6 negative consequences of Big Box Bailout bill Read More »
America’s Credit Unions and other financial trades wrote to the Federal Communications Commission (FCC) to urge the commission to address a variety of concerns on its draft order and notice of proposed rulemaking on revocation of consent for robotexts. The organizations expressed support for the FCC’s decision to extend the processing time for revocation from …
America’s Credit Unions suggests revisions to draft revocation of consent order Read More »
The NCUA released the agenda for its February Board meeting, noting that the agency will receive a briefing on the Share Insurance Fund’s (SIF) quarterly report and will issue a final interpretive ruling and policy statement on the Minority Depository Institution (MDI) Preservation Program. The NCUA outlined proposed changes to the MDI Preservation Program last …
NCUA to finalize changes to MDI Preservation Program, receive SIF quarterly report Read More »
Credit unions interested in certification to become a Community Development Financial Institution (CDFI) can learn about the application process during a Feb. 29 webinar hosted by the NCUA and CDFI Fund. Online registration for the webinar is now open. The hour-long webinar is scheduled to begin at 2 p.m. Eastern. Staff from the NCUA and …
NCUA, CDFI Fund to co-host webinar on Certification Application Read More »
America’s Credit Unions President/CEO Jim Nussle met with several credit union supporters on Capitol Hill Wednesday, including Reps. Scott Fitzgerald, R-Wis., and Brian Fitzpatrick, R-Pa. Both members have introduced credit union supported legislation this year. Fitzgerald, along with Reps. Juan Vargas, D-Calif., Young Kim, R-Calif., and Brad Sherman, D-Calif., introduced the Expanding Access to Lending …
Nussle meets with credit union supporters on Capitol Hill Read More »
The Financial Crimes Enforcement Network (FinCEN) will publish a proposed rule that would require reports and recordkeeping on certain transfers of real estate properties to specified legal entities and trusts. The proposal does not cover transfers made directly to individuals. The proposed rule describes when a report must be filed, who must file a report, …
FinCEN to propose new residential real estate transfer requirements Read More »
America’s Credit Unions President/CEO Jim Nussle wrote to the Senate Banking Committee (SBC) Wednesday ahead of its hearing with Treasury Secretary Janet Yellen to reiterate credit union priorities on cybersecurity, Community Development Financial Institutions (CDFI) certification, and more. Nussle urged the committee to oppose granting the NCUA with third-party vendor authority, noting the NCUA can collaborate with …
Nussle reiterates priorities ahead of Yellen’s appearance before SBC Read More »
