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WASHINGTON–More than 120 consumer advocates from 29 states met with members of Congress as part of the third annual Consumer Lobby Day, where they called for stronger consumer financial protections for ordinary families, addressed predatory lending and forced arbitration clauses, and said there is a need for a “strong CFPB to enforce the rules of the road.”

WASHINGTON–The House Financial Services Committee has passed H.R. 2514, the “Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform (COUNTER) Act of 2019,” which includes Bank Secrecy Act/Anti-Money Laundering (BSA/AML) relief for credit unions.

WASHINGTON—Leaders of the House Small Business Committee have requested the Government Accountability Office (GAO) evaluate the Small Business Administration's (SBA)  fiscal year 2020 budget estimates for its 7(a) program.

WASHINGTON—Leaders of the Federal Trade Commission (FTC) acknowledged the need for enhancements to consumer data security and privacy during a hearing held by a House Energy and Commerce subcommittee this week.

MADISON, Wis.– Credit union organizations can now apply for a Biz Kid$ Business Plan Competition Grant from the National Credit Union Foundation to help improve youth financial education through hands-on entrepreneurial experience.

WASHINGTON–Both the House and the Senate are in session this week, with a number of hearings and other meetings of interest to credit unions, including a Thursday hearing on the Hill at which NCUA Chairman Rodney Hood will be among those testifying.

ARLINGTON, Va.—On a seasonally-adjusted basis, overall consumer prices increased 0.3% in April. NAFCU Chief Economist and Vice President of Research Curt Long says the Federal Reserve will likely hold off on future rate hikes. 

ALPENA, Mich.–Through the hard work and dedication of its employees and the generosity of its membership, Alpena Alcona Area Credit Union said it raised $1,342.87 in donations for Oscoda High School Robotics.

NEW HAVEN, Conn.–A man who made numerous threats to injure and kill people, including against a credit union, has been indicted by a federal grand jury.

WASHINGTON–The CFPB has published a notice on how it plans to periodically review regulations under the Regulatory Flexibility Act (RFA) and to request public input. The Bureau has also published a notice requesting public input as part of its first RFA review examining the 2009 Overdraft Rule.