WASHINGTON—Both CUNA and NAFCU are asking the Environmental Protection Agency (EPA) to clarify that credit unions can participate in grant opportunities under the Greenhouse Gas Reduction (GHGR) Fund before issuing the Notice of Funding Opportunity (NOFO).
WASHINGTON—NAFCU and CUNA have each offered feedback to the Federal Housing Finance Agency (FHFA) on its proposal to amend several provisions in the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac.
WASHINGTON—CUNA is expressing concerns with the proposed changes to the Treasury’s Community Development Financial Institutions (CDFI) Fund Certification Application in a letter to the fund.
WASHINGTON—CUNA, NAFCU and dozens of organizations have written Sens. Kevin Cramer (R-ND) and Mark Warner (D-VA) in support of their SECURE Notarization Act, which would authorize the use of remote online notarization and create national standards and protections for its use.
VIENNA, Va.–Navy Federal Credit Union and Wells Fargo are the targets of a lawsuit that alleges both institutions failed to protect an elderly member/customer who was scammed out of more than $3.6 million.
HARAHAN, La.–The Louisiana Credit Union League (LCUL) has tapped another state league for its new president and CEO. The league has named Juan Fernandez Ceballos, president and CEO of the New Mexico Credit Union Association, to lead the organization.
WASHINGTON—President Joe Biden has nominated Philip Jefferson for vice chair of the Federal Reserve Board of Governors.
SACRAMENTO, Calif.–The failure of Silicon Valley Bank was the subject of a joint hearing by the California Senate Banking and Financial Institutions Committee and the Assembly Banking and Finance Committee. The committees said the objective of the hearing was to evaluate the adequacy of banking regulations and oversight of state regulators of the state-chartered Silicon Valley Bank, which had about $167 billion in assets at the time it failed following a deposit run.
HENDERSON, Nev.–Mitchell Stankovic’s Underground has announced plans for a new focus on understanding strategic digital roadmaps.
NEW YORK—A new report is suggesting that as the use of cash continues to decline, “reverse ATMs” may be installed in locations across the country.
