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WASHINGTON–Although there are numerous other issues on the agenda, this week two words are on the minds of everyone in Washington, including credit unions: “government shutdown.”

ARLINGTON, Va.–After the CFPB last week issued guidance about certain legal requirements that lenders “must adhere to when using artificial intelligence and other complex models,” NAFCU said it is looking to meet with the Bureau to get a better sense of direction around what it has in mind, as well as to offer feedback.

WASHINGTON–There may be a general reluctance among credit unions and other financial institutions to serve cannabis-related businesses, but that hasn’t stopped them from at least filing the paperwork to serve those companies.

COLUMBIA, S.C./RALEIGH, N.C.–The Carolinas Credit Union League said it is providing an additional contribution of $182,975 to its National Advocacy Fund (NAF) to support efforts to oppose the Credit Card Competition Act in Congress. The legislation has strong support from retailers and merchants and its proponents in Congress have vowed to bring it to a vote in the current session.

WASHINGTON—Representatives of NAFCU met with staff from the Federal Communications Commission’s (FCC) Consumer and Government Affairs Bureau to discuss issues regarding the Telephone Consumer Protection Act (TCPA) and the FCC’s efforts to combat illegal robocalls.

LANSING, Mich. — LAFCU said it is offering specialized strike loans and other forms of financial assistance to members affected by the United Auto Workers strike.

IRVINE, Calif.–The latest in the On With Origence podcast series has been released.

ALEXANDRIA, Va. –TheNational Credit Union Administration has released the September 2023 update of its Simplified CECL tool, which it says includes the latest life-of-loan, or weighted average remaining maturity, factors, and other enhancements.

WASHINGTON–A new survey from the National Federation of Independent Business offers some insights into what small business owners are saying about their banking activities and their experience in accessing credit.

DEARBORN, Mich.—The $6.4-billion DFCU Financial Credit Union is again reaching into Florida to purchase a bank, this time the Sunshine State operations of MidWestOne Bank.