NAFCU, CUNA, and the American Association of Credit Union Leagues (AACUL) filed a joint amicus brief to the U.S. Supreme Court challenging the constitutionality of the CFPB's funding structure. The Supreme Court later this year will hear the case of CFPB v. the Community Financial Services Association of America (CFSA) – the U.S. Fifth Circuit Court of Appeals previously ruled the CFPB’s funding structure is unconstitutional.
NAFCU’s largest advocacy event of the year – Congressional Caucus – is just two months away. The conference amplifies the industry’s voice by gathering hundreds of credit union leaders in Washington, D.C., to connect with lawmakers, regulators, and administration officials on financial services issues and industry priorities.
Credit unions are encouraged to share their insights and perspective on issues related to fintechs in this month's Economic & CU Monitor survey. Responses to the survey are due Friday; the survey can be filled out online.