Press Statements and Releases

Most Recent

CULedger Announces New CUSO CULedger, LLC08/16/2017CULedger, blockchain technology used to provide credit unions and their members with innovative, cutting-edge products and services, announced the formation of CULedger, LLC, a new credit union service organization (CUSO).

CUNA Statement on CFPB Overdraft Prototypes08/04/2017CUNA President and CEO Jim Nussle issued a statement on the Consumer Financial Protection Bureau releasing overdraft disclosure prototypes following an agency report that included limited research on only the nation’s largest banks.

Congress Preserves Credit Union Tax Status In Tax Reform Framework07/27/2017Members of Congress released a broad framework of tax reform today, in which the credit union tax status was not addressed. Credit Union National Association (CUNA) President/CEO Jim Nussle said the organization is continuing its engagement with policymakers as the tax reform discussion continues.

Nussle: ‘Credit unions fully support Congress in its efforts to repeal the CFPB’s arbitration rule’07/25/2017The House of Representatives today passed a CUNA-backed resolution of disapproval for the Consumer Financial Protection Bureau’s arbitration rule that would restrict the use of arbitration agreements.

CUNA Commends NCUA for Modernizing Agency Operations07/21/2017The National Credit Union Administration today announced that the agency plans to reorganize its operations. The agency will consolidate five regional offices into three by closing the Albany, New York, and Atlanta, Georgia offices and eliminate four of the agency’s five leased facilities.

CUNA Supports Congressional Review Act For CFPB’s Arbitration Rule07/20/2017CUNA supports the efforts of lawmakers on a resolution of disapproval for the Consumer Financial Protection Bureau’s arbitration rule that would prohibit financial firms from using mandatory arbitration to block class actions by consumers.

NCUA Outlines 2018 Distribution of Corporate Stabilization Fund Closure07/20/2017The NCUA board unanimously approved a request for comment today on a proposed plan to close the Temporary Corporate Credit Union Stabilization Fund this year, four years ahead of schedule.

June 2017 CUNA Economic Update features early summer outlook07/11/2017CUNA has released the June 2017 edition of the CUNA Economic Update, sponsored by CUNA CFO Council. CUNA Chief Policy Officer Bill Hampel hosts the update, which provides a general overview of where the economy stands going into the summer.

CUNA Comments on CFPB Arbitration Rule07/10/2017The Consumer Financial Protection Bureau finalized its rule to eliminate arbitration clauses that are routinely included in many contracts for consumer financial products, which can protect credit unions from class action lawsuits.

Webinar to Examine Oct. 3 MLA Credit Card Expansion07/03/2017CUNA will host a special webinar, “Military Lending Act Part Two: New Credit Card Rules Effective Date October 3, 2017,” on July 13, 2017, at 11 a.m. CST.

Credit Union Groups Defend NCUA Field of Membership Rule in Court06/30/2017The Credit Union National Association (CUNA), CUNA Mutual Group and the National Association of Federally-Insured Credit Unions (NAFCU) jointly filed an amicus brief supporting the National Credit Union Administration’s field of membership rule.

CUNA opposes FSGG language placing NCUA under appropriations, seeks full CDFI, CDRLF funding06/30/2017CUNA President/CEO Jim Nussle said CUNA would push to remove language placing NCUA under the appropriations process from the House financial services and general government (FSGG) appropriations bill released Wednesday, June 28, 2017.

Disaster recovery focal point of new CUNA workshop06/15/2017CUNA Disaster Recovery Workshop, a new event that allows credit union professionals to develop, refine and test their approach to disaster recovery, crisis response and business continuity planning (BCP), will make its debut Dec. 5-6, 2017, in Las Vegas.

House Passes Financial CHOICE Act06/08/2017Today, the House of Representatives passed the Financial CHOICE Act by 233-186. Rep. Jeb Hensarling’s (R-Texas) legislation contains regulatory relief provisions that benefit credit unions and their members.

CUNA Provides CFPB with Detailed Summary of Changes to Better Protect Credit Union Members06/01/2017As Congress continues to consider reforms to the Dodd-Frank Act and the Consumer Financial Protection Bureau (CFPB), the Credit Union National Association has submitted a letter to the CFPB detailing each of the ways the agency’s rulemakings have affected, and in many cases harmed, America’s roughly 6,000 credit unions and their 110 million members.

CUNA Board Member to Testify Before Senate Banking Committee06/01/2017CUNA Board Member Dallas Bergl, CEO of INOVA FCU, Elkhart, Ind., will testify on behalf of CUNA before the Senate Committee on Banking, Housing and Urban Affairs June 8 for a hearing titled “Fostering Economic Growth: The Role of Financial Institutions in Local Communities.”

CUNA, DCUC provide data to DOD showing negative MLA rule impact05/12/2017CUNA and the Defense Credit Union Council (DCUC) laid out the findings from the group’s recent survey on the Military Lending Act (MLA) to the Department of Defense (DOD).

CUNA Credit Union Magazine honors PenFed President and CEO James Schenck 2017 Credit Union Hero of the Year05/09/2017CUNA Credit Union Magazine announced today that James Schenck, President and CEO of PenFed Credit Union, will be honored as the 2017 Credit Union Hero of the Year.

Nussle: ‘Keep Momentum Going’ as CHOICE Act Passes Committee05/04/2017The House Financial Services Committee today passed Committee Chairman Jeb Hensarling’s (R-TX) Financial CHOICE Act, which contains a number of regulatory relief provisions that would benefit credit unions, but several items that are concerning to the industry as well.

International uncertainty, weak jobs numbers focus of new CUNA Economic Update04/26/2017The April 2017 edition of the CUNA Economic Update, CUNA’s monthly video series exploring economic trends and their impact on the credit union movement, has been released.