Credit unions must work together to amplify advocacy efforts and achieve results for the industry, America’s Credit Unions President/CEO Jim Nussle wrote to members Monday. He wrote that the unified voice of America’s Credit Unions is needed to effectively counter misinformation. “The cooperative spirit of the credit union industry is what sets us apart, and …
Nussle: Unified voice amplifies credit union advocacy efforts Read More »
The future viability and success of credit unions requires planning, flexibility, and agility NCUA Chairman Todd Harper said Tuesday as he outlined the agency’s agenda for credit union regulations during a speech at the Brookings Institution. The credit union system is “largely stable in its performance and relatively resilient against economic disruptions,” Harper noted, but …
NCUA’s Harper talks present, future of credit union regulation Read More »
Credit unions met with Federal Reserve Vice Chair Philip Jefferson Monday to discuss a range of policy priorities to help credit unions increase service to members and communities. America’s Credit Unions President/CEO Jim Nussle, members of its advocacy team, Leagues, and credit unions discussed the Fed’s debit card interchange cap proposal, liquidity, the fraud epidemic, …
Credit unions talk interchange proposal, liquidity with Fed vice chair Read More »
The House Financial Services Committee (HFSC) should oppose granting the NCUA third-party vendor authority, America’s Credit Unions President/CEO Jim Nussle wrote to the committee Monday ahead of its hearing with Treasury Secretary Janet Yellen. The letter also covers credit union priorities on cybersecurity, Community Development Financial Institutions (CDFI) certification, and more. Nussle noted the …
America’s Credit Unions Transition Board of Directors Chair Brian Schools detailed the mission and vision for the brand-new organization in an op-ed for CU Insight. “The mission of America’s Credit Unions is to advocate for and advance an environment where credit unions thrive,” wrote Schools. “This mission is complemented by our overarching vision: people everywhere …
Transition Board Chair Schools breaks down America’s Credit Unions’ mission and vision Read More »
America’s Credit Unions’ Madison Rose and Andrew Morris met with NCUA Director of Financial Technology and Access Charles Vice Friday, part of the association’s ongoing engagement with policymakers. The Office of Financial Technology and Access is designed to identify barriers, challenges, and opportunities for credit unions in adopting and using technology. Vice is the principal …
Advocacy team meets with NCUA to encourage CU innovation Read More »
Credit unions must have confidence that AI innovation will not be penalized by heavy-handed regulation, America’s Credit Unions’ Andrew Morris wrote to the National Institute of Standards and Technology (NIST) Friday. The comments were sent in response to NIST’s request for information on the White House’s October 2023 Executive Order on “Safe, Secure, and Trustworthy …
AI guidelines should not create misalignment with existing regulations Read More »
America’s Credit Unions will monitor several relevant hearings this week, including Treasury Secretary Janet Yellen’s appearances before the House Financial Services Committee and Senate Banking Committee. During the hearings, Yellen will provide an annual report to Congress on the Financial Stability Oversight Council (FSOC). The House Financial Services Committee hearing will take place Tuesday at …
This week: Treasury’s Yellen to testify before House, Senate committees Read More »
The Bureau of Labor and Statistics (BLS) released January’s jobs report Friday, noting 353,000 jobs were added and the unemployment rate remained at 3.7%. Jobs gains were mostly seen in professional and business services, health care, retail trade, and social assistance. January losses were seen in mining, quarrying, and oil and gas extraction industries. “The …
