The CFPB’s proposal to cap overdraft fees for financial institutions $10 billion in assets or larger could have a major impact on credit unions of all sizes by creating competitive market pressures to reduce or remove fees. America’s Credit Unions issued a Regulatory Comment Tuesday, including a rule summary, potential impact, and key points and …
America’s Credit Unions President/CEO Jim Nussle wrote to the Senate Banking Subcommittee on Housing, Transportation, and Community Development ahead of today’s hearing on the usage of AI in the housing industry to offer the credit union perspective on the topic. “From member service interactions to AI chat-bots to mortgage origination – credit unions are seeing …
Credit unions can and should play an important role in implementing the new Greenhouse Gas Reduction Fund (GGRF), America’s Credit Unions wrote a House Energy and Commerce subcommittee Tuesday. The GGRF is a $27 billion competitive grant program to support the capacity of community development financial institutions (CDFIs), minority depository institutions, credit unions, and others …
Rep. Angie Craig, D-Minn., Tuesday spoke on the House floor about the role credit unions play in their communities. “As not-for-profit, member-owned financial institutions, credit unions work every day to improve the financial well-being of American households and communities,” Craig said. She highlighted the work of the 86 chartered credit unions in Minnesota, noting it …
