The NCUA released details on an upcoming webinar to discuss the agency’s 2024 supervisory priorities. The webinar will be held Feb. 8 at 2 p.m. Eastern. The agency sent a Letter to Credit Unions earlier this month to detail its supervisory priorities and outline updates to the agency’s examination program. The NCUA noted the webinar …
America’s Credit Unions President/CEO Jim Nussle Thursday wrote to the House Financial Services Committee, outlining concerns with the Strengthening Cybersecurity for the Financial Sector Act, which would grant the NCUA with additional authority to examine third-party vendors. “We believe in a strong NCUA, but we also believe that the NCUA should stay focused on …
Nussle: NCUA 3rd-party vendor authority could increase agency’s budget Read More »
America’s Credit Unions, along with 10 other financial trade groups, wrote to the House Ways and Means Committee and the Senate Finance Committee to urge the passage of legislation “to ensure the IRS follows the original intent of Congress and prevents disruptions to the consumer and commercial lending industries.” The Internal Revenue Service (IRS) eIncome …
Joint letter to Congress expresses concerns on IRS policy changes Read More »
The Bureau of Economic Analysis Thursday released 2023’s fourth quarter gross domestic product (GDP) report, which showed an annual rate increase of 3.3%. “Fourth quarter GDP exceeded expectations as consumption remained strong, inventories held up better than anticipated, and trade made a surprising positive contribution to growth,” said America’s Credit Unions’ Curt Long. “When …
Small business owners share their concerns with the big box bailout bill in a new video message sent to Congress Wednesday from America’s Credit Unions. President/CEO Jim Nussle re-emphasized the ongoing credit union opposition to interchange legislation (S. 1838/H.R. 3881). He urged lawmakers to watch the videos and hear directly from the business owners, financial …
Nussle to Congress: Big Box Bailout would hurt small businesses Read More »
Tackling “ongoing tired attacks on credit unions,” America’s Credit Unions President/CEO Jim Nussle wrote to Congress Wednesday to address misleading messages from the Independent Community Bankers of America’s (ICBA) that rehash false banker claims. Nussle highlighted the importance of credit unions in mortgage lending and their “strong mortgage originations to a wide range of borrowers.” …
America’s Credit Unions ‘sets record straight’ on ICBA attack Read More »
America’s Credit Unions supports long-term reauthorization of the National Flood Insurance Program (NFIP) with reforms that improve the program and protect homeowners and their families from natural disasters, wrote America’s Credit Unions President/CEO Jim Nussle in a letter to the Senate Banking Committee Wednesday. Ahead of today’s hearing on the reauthorization of the NFIP, Nussle …
Nussle calls on lawmakers to protect, reform NFIP Read More »
The CFPB proposed a rule Wednesday that would consider non-sufficient funds (NSF) fees for transactions declined in real time to be unlawful under the Consumer Financial Protection Act. The proposal would prohibit financial institutions from engaging in this practice across all instantaneously declined transactions, regardless of transaction method, including declined debit card purchases, ATM withdrawals, …
CFPB proposal would prohibit NSF fees on transactions declined in real time Read More »
