ADVOCACY
Your fierce and focused advocate, representing your interests in Washington and Richmond.
COMPLIANCE
Thought leadership and resources to help you stay one step ahead of the regulators.
EDUCATION
Training and professional development to make you more productive, more promotable and more invested in your credit union’s success.
NEWS
Timely, relevant news, insights and information to help better navigate today’s ever-changing financial services marketplace.
SOLUTIONS
Your first stop to save money and time on the products and services that matter to your members and your success.
News
- CFPB Issues Final League-Opposed Credit Card Penalty Fee Rule
March 5, 2024The Consumer Financial Protection Bureau today issued its final rule on credit card penalty fees. "We maintain that the Bureau's rule fails to consider the negative consequences likely to result from the regulation, including interest rate hikes and changes to other terms and fee amounts," notes League Chief Advocacy Officer JT Blau. "The proposal also does not take into account credit unions' member-owned, not-for-profit business model, which incentivizes credit unions to keep fees reasonable and proportionate to the costs of providing the service."
- REGular Blog: CFPB Issues Final Rule Limiting Credit Card Late Fees
March 5, 2024Today the CFPB issued its final rule on credit card late fees, which lowers the safe harbor on credit card late fees for large issuers. The rule was proposed last year, and it did change slightly from the proposed version. The Final Rule is a hot conversation topic here at GAC!
- Sen. Mark Warner Meets With Virginia CU Representatives at League's Capitol Hill Reception
March 4, 2024As part of our advocacy efforts at GAC today, Sen. Mark Warner (D-VA) was the guest of honor at the League's Legislative Reception on Capitol Hill.