News - America's Credit Unions

GDP ‘exceeded expectations’ in Q2, easing into ‘sustainable level of growth’

News / July 26, 2024 / economics / 1 minute of reading

The Bureau of Economic Analysis Thursday released 2024’s second quarter gross domestic product (GDP) report, which showed an annual rate increase of 2.8% (compared to 1.4% in the first quarter). “GDP exceeded expectations in the second quarter, restoring faith that the economy is easing into a sustainable level of growth,” said America’s Credit Unions Head …

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NCUA webinar on developing strategic DEI plan set for August 21

News / July 26, 2024 / ncua / 1 minute of reading

NCUA will host the second part of a two-part workshop, “Sustaining DEI Through Developing Your DEI Strategic Plan,” August 21, starting at 1 p.m. Eastern. Participants will learn the latest tools, techniques, and theories to build an effective strategic plan that will incorporate diversity, equity, and inclusion (DEI) in regular work practices and behaviors. The …

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Credit union class action settlement deadline approaching August 12

News / July 25, 2024 / 1 minute of reading

The deadline for credit unions to file claims for cash payments from a 28.5 million class action settlement against Wawa is approaching quickly. The settlement centers over an alleged data breach involving payment systems at Wawa convenience stores, compromising more than 30 million payment cards. The claim filing deadline is August 12. Three types of …

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CFPB issues circular on whistleblower protections under Dodd-Frank

News / July 25, 2024 / cfpb / 1 minute of reading

The Consumer Financial Protection Bureau Wednesday issued a circular to law enforcement agencies and regulators explaining how companies may be breaking the law by requiring employees to sign broad nondisclosure agreements that could deter whistleblowing. The circular explains how imposing sweeping nondisclosure agreements that do not clearly permit communication with law enforcement may intimidate employees …

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Credit union witness urges Congress to weigh both benefits, burdens of AI policies

News / July 24, 2024 / 2 minutes of reading

Using artificial intelligence (AI) is making a big impact in helping credit unions – like Great Lakes Credit Union (GLCU) – meet member needs with the same ability of larger financial institutions. GLCU’s Chief Operating Officer Elizabeth Osborne testified Tuesday during the House Financial Services Committee hearing on financial services technology. Osborne spoke on behalf …

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Nussle calls on Congress to consider solutions that prevent fraud before it occurs

News / July 24, 2024 / 1 minute of reading

Ahead of the Senate Permanent Subcommittee on Investigations hearing Tuesday on protecting consumers from fraud via Zelle, America’s Credit Unions President/CEO Jim Nussle wrote a letter providing the credit union industry’s perspective. He reiterated how credit unions do everything possible to mitigate fraud. “Today, the vast majority of transfers enabled by Zelle’s network are processed …

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Nussle: Credit unions ‘worth fighting for across every corner of the globe’

News / July 23, 2024 / 2 minutes of reading

Credit unions’ future success depends on successful advocacy in every arena, America’s Credit Unions President/CEO Jim Nussle told the World Credit Union Conference (WCUC) Monday morning during his main stage address. “Credit union advocacy is about repeating that great story in towns, regions, and countries around the world, then leveraging those successes into even more,” …

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Critical relief from the MBL cap needed for veterans

News / July 23, 2024 / 1 minute of reading

Legislation to expand business lending opportunities for veteran small business owners and veteran entrepreneurs will help the veteran community, wrote America’s Credit Unions President/CEO Jim Nussle ahead of a joint subcommittee hearing with the House Small Business Committee and House Veterans’ Affairs Committee. The hearing – scheduled for 10 a.m. Eastern – will examine the …

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This week: Credit union COO testifying on behalf of America’s Credit Unions

News / July 22, 2024 / 2 minutes of reading

This week, Congress is back in Washington with America’s Credit Unions engaging lawmakers on various industry priorities. That includes an America’s Credit Unions member testifying on behalf of the industry before the House Financial Services Committee. Elizabeth Osborne, COO of Great Lakes Credit Union in Bannockburn, Ill., will provide the credit union perspective on …

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America’s Credit Unions addresses Biden campaign withdrawal

News / July 22, 2024 / elections / 1 minute of reading

America’s Credit Unions released this statement following President Joe Biden’s decision to withdraw from seeking reelection. “America’s Credit Unions is committed to our advocacy efforts on behalf of credit unions and the members they serve,” stated President/CEO Jim Nussle. “As the general election cycle unfolds and changes emerge, our engagement with elected officials and candidates …

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