Thousands of credit union advocates from every state and the District of Columbia conducted more than 600 meetings on Capitol Hill in conjunction with the 2024 Governmental Affairs Conference (GAC), bringing the credit union difference directly to legislators and regulators. Interchange was the number one topic of discussion in meetings, particularly after the bipartisan letter …
The Federal Reserve’s debit interchange proposal could undermine recent progress in bringing low- and moderate-income (LMI) consumers into the financial services system, a bipartisan group of representatives wrote Federal Reserve Chair Jerome Powell this week. The letter comes after strong credit union opposition to the proposal, and a credit union-backed bill was introduced this week …
Sen. Mark Warner, D-Va., and Rep. Erin Houchin, R-Ind., addressed the Governmental Affairs Conference (GAC) from the main stage Wednesday. Warner told attendees he’s on “the right side of the interchange issue,” and spoke about his support for Community Development Financial Institutions (CDFIs) and the importance of making sure credit unions can access the program …
NCUA Vice Chairman Kyle Hauptman shared his perspective on a variety of topics during a Q&A with America’s Credit Unions’ Ann Petros at the 2024 Governmental Affairs Conference (GAC) Wednesday, including that he doesn’t support third-party vendor authority for the NCUA nor creating a “mini CFPB” at the agency. Hauptman stressed the real-world consequences of …
Five-time Olympian and three-time Olympic gold medalist Shaun White knows a lot about success. He shared his tips for credit union leaders during a keynote fireside chat with emcee Mia Perez to close out general sessions at the Governmental Affairs Conference (GAC) Wednesday. To illustrate how he got to where he is today, White started …
The Rt. Honorable Theresa May joined America’s Credit Unions President/CEO Jim Nussle Tuesday for a discussion during the organization’s 2024 Governmental Affairs Conference (GAC). As only the second woman to serve as Britain’s Prime Minister, May shared her perspective on politics, geopolitical relations, working to find compromise, and stories from her time of service. Much …
Credit unions were involved with 87 primaries in five states on Super Tuesday in Alabama, Arkansas, California, North Carolina and Texas. All but one candidate was victorious, with the primary of credit union-backed Rep. David Valadao, R-Calif., yet to be called. Candidates were supported by the America’s Credit Unions PAC and Leagues. Credit union-supported Rep. …
It’s critical the Senate Banking Committee understand the immense pressure credit unions are under in terms of compliance and operational challenges, America’s Credit Unions President/CEO Jim Nussle wrote to the Senate Banking Committee in advance of Federal Reserve Chair Jerome Powell’s Thursday testimony. Nussle highlighted credit unions’ strong opposition to the Federal Reserve’s debit interchange …
Organizations can’t treat diversity, equity, and inclusion (DEI) as a side project and achieve meaningful change. Successful initiatives require commitment and support from senior leadership, an understanding of the business need and required investment, and clear DEI strategy and aspirations. So say Jackie Wong, associate partner and senior DEI expert at McKinsey, and Jonathan Njus, …
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