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CUNA and NAFCU are now America's Credit Unions.

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May 2, 2024

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America’s Credit Unions to cover overdraft with member credit unions ([link removed] )

America’s Credit Unions is hosting a free webinar for members today starting at 2:30 p.m. Eastern on regulatory proposals that could significantly alter credit unions’ operating landscape. Members should check their email inboxes for a message from America’s Credit Unions Chief Advocacy Officer Carrie Hunt that contains the registration link. The call will feature updates …

Comments essential to highlighting negative impact of Fed interchange proposal ([link removed] )

The comment deadline is approaching for the Federal Reserve’s debit interchange proposal that America’s Credit Unions believes would dramatically harm credit unions and consumers. Comments are due May 12, and all Leagues, credit unions, and other stakeholders are encouraged to submit comments. America’s Credit Unions maintains that the current interchange system works, that reduction in …

Nussle: Credit unions step up to serve communities ([link removed] )

America’s Credit Unions President/CEO Jim Nussle detailed the credit union perspective on the topic of mergers in conjunction with Wednesday’s House Financial Services Subcommittee hearing to discuss merger policies of the federal banking agencies. “We have unfortunately seen the negative effects of mergers that reduce choice, reduce competition, and impair the consumer experience,” wrote Nussle. …

FOMC holds rates steady after May meeting ([link removed] )

The Federal Open Market Committee (FOMC) agreed to maintain the current target range for the federal funds rate between 5.25 to 5.5% during its two-day meeting that ended Wednesday. The committee’s statement noted “considering any adjustments to the target range for the federal funds rate, [they] will carefully assess incoming data, the evolving outlook, and …

Registration open for NCUA DEI summit ([link removed] )

The NCUA Wednesday announced registration is open for its in-person diversity, equity, and inclusion (DEI) summit. The event, happening July 9-11 in Minneapolis, Minn., is the agency’s fifth DEI summit. According to the NCUA, “[a]ttendees will explore the value proposition of diversity, equity, and inclusion in the credit union industry and at the NCUA; share …

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