Eglin Federal Credit Union President and CEO Jerry Williams – a NAFCU member based in Fort Walton Beach, Fla. – penned an op-ed for The Capitolist, underscoring the many negative impacts of the 2022 Credit Card Competition Act (CCCA). In the op-ed, he stated that the CCCA “will not increase competition in the credit card marketplace. Rather, this bill will benefit mega-retailers at the expense of consumers and community financial institutions like EFCU who exist to serve our military members and their families.”
Monday, American Banker announced the winners of its 2022 “Most Powerful Women in Credit Unions,” sharing the stories of 25 distinguished women leading the credit union industry. Throughout the snapshots, each recipient highlighted their credit union’s recent efforts to accelerate success in an evolving economic landscape, while also describing their journey to their current role.
Voting for the 2022 midterm elections is happening today, with all 435 House seats and 35 of the 100 Senate seats up for election. What’s on the ballot varies by state and district; NAFCU’s Grassroots Action Center has voter resources available for you to see which federal candidates are running for House and Senate and gain access your state’s election website for additional information, such as polling location and sample ballots.
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The Federal Reserve Board announced that the fee schedule for payment services provided by Federal Reserve Banks and used by depository institutions will go into effect Jan. 3, 2023.
The Federal Reserve Friday released its semiannual Financial Stability Report, listing its own fight against inflation as one of the biggest risks to financial stability in the near-term.
The Community Development Financial Institution (CDFI) Fund’s revised Certification Application is now open for public comment. Last month, the fund previewed changes to the application after a six-month blackout period began Oct. 1, during which it is not accepting new applications while it updates the form and process.
NAFCU sent members a Regulatory Alert Monday seeking input on the Small Business Administration’s (SBA) proposed rule to amend various regulations of its 7(a) and 504 loan programs.
