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January 25, 2024

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Nussle to Congress: Big Box Bailout would hurt small businesses ([link removed] )

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 …

America’s Credit Unions ‘sets record straight’ on ICBA attack ([link removed] )

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.” …

Nussle calls on lawmakers to protect, reform NFIP ([link removed] )

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 …

CFPB proposal would prohibit NSF fees on transactions declined in real time ([link removed] )

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, …

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