WASHINGTON—Representative Alex Mooney (R-WV) has introduced H.R. 7412, the Transparency in Consumer Financial Protection Bureau (CFPB) Cost-Benefit Analysis Act, which would require the CFPB to employ a more rigorous cost-benefit analysis to better weigh the costs of implementation and compliance with the benefits of a regulation.
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AUSTIN, Texas—Three people have been appointed to the Texas Credit Union Commission by Gov. Greg Abbot.
TOKYO—The Bank of Japan has completed the first phase of its Central Bank Digital Currency (CBDC) Proof of Concept (PoC) on schedule, and now says it will begin its second phase in April.
ARLINGTON, Va.–The CFPB’s focus on what it is calling “junk fees” is a “gross mischaracterization,” NAFCU has told the Bureau.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased by 2.1 points to 73.2 in March, as consumers continue to express pessimism regarding the trajectory of mortgage rates and homebuying conditions general.
WASHINGTON—Treasury Secretary Janet Yellen is cautioning that technology has raised the possibility of reduced reliance on centralized intermediaries like banks and credit card companies.
ST. LOUIS–Federal Reserve Bank of St. Louis President James Bullard said he would like to see the Fed’s benchmark rate increased to at least 3% by year-end 2022 to counter the highest inflation in four decades.
DEARBORN. Mich.–Two credit unions have named new presidents/CEOs.
PLANO, Texas–The Cornerstone Credit Union League has named the winner of its 2022 Small Credit Union Achiever Award as well as inducted one person into its Hall of Fame.
NEW ORLEANS–Credit unions across Louisiana provide citizens the best value for personal financial services according to latest economics and statistic reports, delivering an estimated $169 million in benefits among 1.3 million members in the state during 2021.