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CUNA and NAFCU are now America's Credit Unions.

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March 11, 2024

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Lawsuit challenges CFPB’s credit card late fee final rule ([link removed] )

America’s Credit Unions supports a lawsuit filed last week by the U.S. Chamber of Commerce and other financial groups seeking a preliminary injunction to stop implementation of the CFPB’s credit card fee late rule. The CFPB finalized the rule last week, with America’s Credit Unions President/CEO Jim Nussle saying the rule will dismantle consumers protections …

Congress passes funding for parts of government ([link removed] )

The Senate Friday passed the first government funding package to fund parts of the government until September. The bill was passed just prior to the midnight deadline and prevents a partial shutdown. The package passed the House Wednesday and included funding for the departments of Agriculture, Commerce, Justice, Veterans Affairs, Energy, Interior, Transportation, and Housing …

This week: America’s Credit Unions kicks off Strategic Growth Conference, monitors several hearings ([link removed] )

This week, America’s Credit Unions hosts credit union leaders in Savannah, Ga., for the sold-out 2024 Strategic Growth Conference. In addition, the organization will remain engaged on Capitol Hill and will monitor several hearings of note for the industry. Wednesday, the House Financial Services Digital Assets, Financial Technology, and Inclusion Subcommittee holds a hearing to …

February jobs receive boost, unemployment rises ([link removed] )

The Bureau of Labor and Statistics (BLS) released February’s jobs report Friday, noting 275,000 jobs were added and the unemployment rate rose to 3.9%. Jobs gains were mostly seen in health care, government, bars and restaurants, transportation and warehousing. “Results from the February jobs report were somewhat soft, though not alarmingly so,” said America’s …

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