ROCKY HILL, Conn.--The Credit Union League of Connecticut has rebranded as Connecticut’s Credit Unions, unveiling a new identity aimed at reinforcing its role as the unified advocacy voice for the state’s credit union system.
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WASHINGTON — The Defense Credit Union Council is renewing its push against the Durbin-Marshall credit card mandates, urging Congress and the White House to abandon the proposal and warning it would extend a failed regulatory experiment that hurts consumers, small businesses, and community financial institutions while primarily benefiting the nation’s largest retailers.
SEATTLE — Strum Platform announced Monday that five credit unions, representing a combined $2.16 billion in assets, have signed on to its marketing analytics Customer Data Platform (CDP), expanding the fintech’s footprint across multiple regions.
WASHINGTON — A group of former Federal Reserve chairs, Treasury secretaries, and top economic advisers from both parties warned that a reported criminal inquiry into Federal Reserve Chair Jerome Powell represents an unprecedented threat to the central bank’s independence, sharply escalating concerns following the Justice Department’s subpoena of the Fed.
ALEXANDRIA Va.--NCUA Tuesday announced the third round of proposed regulatory changes associated with NCUA’s Deregulation Project.
WASHINGTON—Sen. Roger Marshall’s long-stalled Credit Card Competition Act (CCCA) may have found new life this week after President Donald Trump publicly endorsed the bill, a move advocates say is already reshaping the political math around credit-card fees on Capitol Hill.
ALBUQUERQUE, N.M. — Marsha Majors has retired as president and CEO of $1.5-billion U.S. Eagle Federal Credit Union, ending a more than 40-year career with one of New Mexico’s largest credit unions, the Albuquerque Journal reported.
Trade Groups Warn Stablecoin Incentives Could Drain Trillions From Community Banks And Credit Unions
WASHINGTON—The Defense Credit Union Council and America’s Credit Unions have joined a coalition of national trade associations representing thousands of community banks and credit unions in urging Congress to take immediate action to close a stablecoin loophole that could divert trillions of dollars from local lending institutions and weaken community-based credit nationwide.
WASHINGTON—U.S. residential construction activity weakened in October, with housing starts falling sharply even as permits held roughly steady, underscoring continued volatility in the housing market amid higher borrowing costs and affordability pressures.
WASHINGTON—Credit union trade groups entered the week in Washington closely monitoring developments after President Trump’s proposal for a nationwide 10% cap on credit card interest rates, even as Congress returns to work on funding, financial services reform, and digital asset legislation.