The Federal Communications Commission (FCC) Thursday approved its proposal on revocation of consent under the Telephone Consumer Protection Act (TCPA). The rule approved Thursday reflects several changes requested by America’s Credit Unions—and its legacy organizations prior to the merger—during its engagement with the FCC on the subject. The rule aims to strengthen consumers’ ability to …
America’s Credit Unions President/CEO Jim Nussle urged the House Financial Services Subcommittee on Financial Institutions and Monetary Policy to ensure credit unions continue to have access to liquidity via multiple channels in a letter sent ahead of the subcommittee’s hearing on the Federal Reserve’s emergency lending. In the letter, Nussle noted credit unions typically get …
The NCUA Board Thursday unanimously approved its final interpretive ruling and policy statement that updates the Minority Depository Institution (MDI) Preservation Program’s features and clarifies the requirements for a credit union to receive and maintain an MDI designation, among other changes. The board also received a briefing on the performance of the Share Insurance Fund (SIF) for …
Rep. Seth Magaziner, D-R.I., thanked credit unions for playing a crucial role for businesses and members around the country on the House floor Wednesday. Magaziner, a credit union champion dating back to his time working for the state of Rhode Island, said he looks forward to continuing that support in Congress. “Credit unions are legally …
