{"id":437276,"date":"2026-08-19T12:34:07","date_gmt":"2026-08-19T12:34:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/437276\/"},"modified":"2026-08-19T12:34:07","modified_gmt":"2026-08-19T12:34:07","slug":"california-credit-unions-beats-back-bank-style-cra-requirements-fresh-today-cutoday-info","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/437276\/","title":{"rendered":"California Credit Unions Beats Back Bank-Style CRA Requirements \/ Fresh Today \/ CUToday.info"},"content":{"rendered":"<p>SACRAMENTO, Calif.&#8211;Protecting credit unions from regulations that would treat them as for-profit banks, California\u2019s Credit Unions secured key changes to a General Assembly bill that would have expanded Community Reinvestment Act-type requirements to credit unions. While California\u2019s Credit Unions still opposes the amended bill, it has significant improvements over the original, America&#8217;s Credit Unions reported.<\/p>\n<p>                                                                                                                                            <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.cutoday.info\/master\/var\/ezdemo_site\/storage\/images\/media\/images\/claifoirnias-credit-unions\/1890675-1-eng-US\/claifoirnias-credit-unions_large.png\" width=\"275\" height=\"183\" style=\"border: 0px solid ;\" alt=\"claifoirnias credit unions'\" title=\"claifoirnias credit unions'\"\/><\/p>\n<p>The bill was updated as part of both state chambers\u2019 Appropriations Committees <a href=\"https:\/\/www.californiascreditunions.org\/news\/ca-suspense-file-results-cu-victories-bills-moving-forward\/\" target=\"_blank\" rel=\"nofollow noopener\">working through nearly 800 bills<\/a> last week. \u00a0<\/p>\n<p>\u201cWe\u2019re pleased that the original State CRA proposal did not move forward. California\u2019s credit unions are already deeply rooted in the communities they serve, and imposing a bank-style regulatory framework on not-for-profit, member-owned institutions would have created significant new burdens without recognizing the fundamental differences between credit unions and banks,\u201d said Robert Wilson, executive vice president for California\u2019s Credit Unions. \u201cWe appreciate that lawmakers heard our concerns, and we\u2019ll continue working with them on policies that protect consumers while allowing credit unions to focus on serving their members and communities.\u201d<\/p>\n<p>Several other credit union victories took place within the state House and Senate Appropriations Committees, with privacy and contract proposals stopped from moving forward, ACU added.<\/p>\n<p>\n                Section: Standard<br \/>Word Count: 293<br \/>Copyright Holder: CUToday.info<br \/>Copyright Year: 2026<br \/>Is Based On: <br \/>URL: https:\/\/www.cutoday.info\/Fresh-Today\/California-Credit-Unions-Beats-Back-Bank-Style-CRA-Requirements<\/p>\n","protected":false},"excerpt":{"rendered":"SACRAMENTO, Calif.&#8211;Protecting credit unions from regulations that would treat them as for-profit banks, California\u2019s Credit Unions secured key&hellip;\n","protected":false},"author":2,"featured_media":437277,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,9,8,67551,101434,101435,35770,101433],"class_list":["post-437276","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-california","tag-california-headlines","tag-california-news","tag-cms","tag-content-management","tag-development-framework","tag-e-commerce","tag-publish"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/437276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=437276"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/437276\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/437277"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=437276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=437276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=437276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}