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Officials from the newly-formed organization America's Credit Unions sent a detailed letter to congressional lawmakers and regulatory leaders Tuesday to inform them of the policy priorities they plan to focus on for 2024 and plan to "fiercely" advocate for credit unions.
The letter, signed by America's Credit Unions President/CEO Jim Nussle, laid out 12 policy priorities for the year. The priorities included the following:
- Preserve the credit union tax status.
- Hold regulators accountable.
- Reform the CFPB leadership structure.
- Prevent an unlimited expansion of the NCUA's authority.
- Protect the interchange system.
- Establish federal data protection standards.
- Ensure a fair regulatory environment.
- Expand both business and consumer access to credit unions.
- Lift member business lending caps and regulatory limits.
- Increase loan maturity limits.
- Allow new investment options for credit unions.
- Support innovation and emerging technologies balanced with regulatory oversight.
Nussle wrote, "Our policy priorities for 2024 are to protect, empower and advance the needs of credit unions and their members nationwide. We are committed to fiercely advocating for forward-thinking policies that uplift people and communities through their financial partnerships with credit unions. Within the framework of these three priorities, we are focused on developing a regulatory and legislative environment that enables credit unions – and ultimately our country – to thrive."
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
