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News
- League Pleased That Lawmakers Appear Near on Deals to Fund the Federal Government
March 6, 2024The House is expected to pass a package of six spending bills to fund a major swath of the federal government and avoid a partial government shutdown this weekend. This will set the stage for final negotiations over the rest of the year’s budget after months of political wrangling. The Senate is expected to vote by the end of the week.
- CUs, League Meet with Federal Lawmakers on Day 1 of 'Hike The Hill' Visits
March 6, 2024Your League and member credit unions spent the day on Capitol Hill, meeting with Reps. Morgan Griffith (R-9), Jennifer Kiggans (R-2), and key staff members for Bobby Scott (D-3). Additional meetings with lawmakers are scheduled for tomorrow. "Although we are continuously engaged with federal lawmakers on our issues, meetings like those today offer member credit unions a unique opportunity to highlight the 'Credit Union Difference' for policymakers and hear lawmakers' perspectives on the issues facing our industry," said JT Blau, the League's chief advocacy officer.
- 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."