America’s Credit Unions Transition Board Secretary Karen Harbin is scheduled to testify Friday at a House Financial Services subcommittee field hearing on the use of fintech to increase access to financial services. Harbin—president/CEO of Commonwealth Credit Union—will testify at the field hearing, happening in Lexington, Ky. The hearing will be live streamed on the House …
As Federal Reserve Chair Jerome Powell testifies before U.S. House and Senate committees this week to present the semiannual monetary policy report, America’s Credit Unions is reiterating credit unions’ strong opposition to the Fed’s debit interchange proposal. President/CEO Jim Nussle wrote to both the Senate Banking Committee and the House Financial Services Committee ahead of …
The 90 years since the Federal Credit Union Act was signed represents generations of living out the mission of credit unions, America’s Credit Unions President/CEO Jim Nussle wrote in CUInsight Tuesday. Nussle highlighted a Philadelphia Federal Reserve report that found banks — especially the biggest banks — cause a “disproportionate amount of banking deserts,” as …
