Author name: America's Credit Unions

Bipartisan bill would allow increased federal credit union loan maturities

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A bipartisan group of representatives Wednesday introduced a bill to increase federal credit union loan maturity limits. America’s Credit Unions President/CEO Jim Nussle thanked cosponsors—Reps. Scott Fitzgerald, R-Wis., Juan Vargas, D-Calif., Young Kim, R-Calif., and Brad Sherman, D-Calif.—for introducing the legislation. Specifically, it would allow federal credit unions to make loans with maturities up to …

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Nussle highlights credit union concerns on DOL fiduciary rule 

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 A Department of Labor (DOL) proposed rule that would redefine who is an investment advice fiduciary as part of the Employee Retirement Income Security Act was the focus of a congressional hearing Wednesday. America’s Credit Unions President/CEO Jim Nussle wrote to the House Financial Services Subcommittee on Financial Services and Capital Markets ahead of its hearing …

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Credit unions look to improve housing access, reduce ownership gaps

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Credit unions look forward to engaging with Congress to develop solutions to improve access to housing and reduce gaps in homeownership rates, President/CEO Jim Nussle wrote the House Financial Services Committee Wednesday. The committee will hold a hearing today on oversight of the Department of Housing and Urban Development (HUD). “Credit unions support legislation and …

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Senate fails to overturn veto of section 1071 rule

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The Senate Wednesday failed to garner the two-thirds majority needed to overturn President Joe Biden’s veto of the CFPB’s section 1071 rule. Biden vetoed the congressional resolution of disapproval in December, following successful credit union advocacy to get it through both chambers. The section 1071 rule, which would require credit unions and banks to collect …

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America’s Credit Unions priorities: Protect, empower, advance credit unions

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America’s Credit Unions looks to build on the strong foundations of its legacy organizations to ensure credit unions and those they serve can thrive financially. America’s Credit Unions President/CEO Jim Nussle wrote to congressional leaders and the heads of regulatory agencies Tuesday, to outline the policy priorities the new organization will advance for the industry. …

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Nussle congratulates Otsuka on NCUA Board confirmation 

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America’s Credit Unions President and CEO Jim Nussle sent congratulations to NCUA Board Member Tanya Otsuka on her confirmation to the NCUA Board. Otsuka was sworn into the board Monday. “We are excited to work with you in your new role during a period of relative strength and health of the credit union system,” wrote Nussle. …

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Reminder: Complete debit card interchange survey by Jan. 12

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America’s Credit Unions is calling on credit unions to complete a survey on the Federal Reserve’s interchange proposal before the survey closes Friday. Unique survey links were sent to members Dec. 19 with the subject line, “Make your voice heard.” The Federal Reserve issued the proposal in November that would make several changes to the …

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