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The Advocate Blog

CU Journal: White House To Nominate CU Advocate to Post that Oversees Fannie/Freddie

The White House announced this morning it plans to nominate 11-term Democratic Rep. Melvin Watt, a strong credit union supporter, to head the Federal Housing Finance Agency, which regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks.

If confirmed by the Senate for the FHFA post, Watt,... More

Legislators Flock To URW Opening

When URW Community Federal Credit Union held a grand opening May 1 for its new facility, the well-wishers included lawmakers who represent the legislative districts in URW’s field-of-membership.

Speaking at the event were Rep. Robert Hurt (R-5), who recognized the need of more private capital to boost... More

Cordray Calls for Financial Education in Schools

The Consumer Financial Protection Bureau is recommending that policymakers implement a nationwide financial education program into grade school as well as standardized tests.

Upon issuing a white paper Tuesday, CFPB Director Richard Cordray called the current process "utterly unacceptable"... More

CUNA Says Relief Bill Is Good As First Step

Credit Union National Association President/CEO Bill Cheney Friday commended Rep. Blaine Luetkemeyer (R-Mo.) for introducing legislation that would address several regulatory burdens facing credit unions and community banks.

"This legislation is a good first step toward providing regulatory relief,... More

CUNA: Fin Lit Bill Will Complement CU Efforts

(From CUNA's News Now) Credit unions work hard to improve financial literacy in their communities, and Sen. Kay Hagan's (D-N.C.) new financial education bill will surely aid those efforts, the Credit Union National Association said Thursday.
 
During a financial literacy hearing Wednesday held... More

Cost Of Reg Burden Gets Human Face From CUNA Witness

The overwhelming regulatory burden, and the difficulty of raising capital, have made it more difficult for her credit union to reach out effectively to the Hispanic community in her area, the Credit Union National Association's witness told a hearing today on providing credit unions with regulatory... More

CUNA To Testify At April 10 CU Burden House Hearing

The Credit Union National Association expects to testify at an April 10 House Financial Services financial institutions and consumer credit subcommittee hearing on the regulatory burdens facing credit unions.

The credit union hearing, which is part of a 2013 series to study, in part, the impact of the... More

Sen. Warner Signs on to Privacy Notification Legislation

In a joint letter with other financial trade groups, CUNA urged the Senate to vote on bipartisan legislation (S. 635) to end the redundancy of privacy notices "without further delay and amendment." Sen. Mark Warner's office reports that he was one of the original co-sponsors.

The bill is similar... More

'Unite for Good' Prompting Discussion And Ideas

More in the credit union community are commenting and offering suggestions on "Unite for Good," the new initiative to rally credit unions around a shared vision for growth and success. It's a development welcomed by Credit Union National Association President/CEO Bill Cheney, who debuted the... More

House Democrats Introduce Overdraft Fee Bill

House Democrats introduced a bill Wednesday designed to address concerns about the overdraft fees banks charge consumers when a checking account is overdrawn.

The "Overdraft Protection Act," cosponsored by 46 lawmakers including the House Financial Services Committee's two top Democrats, Reps.... More

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