WASHINGTON–In a 7-2 vote, the Supreme Court has ruled the president has the authority to remove the head of the Federal Housing Finance Agency, finding its structure is unconstitutional under the separation of powers doctrine because the agency’s lone director is insufficiently accountable to the president.
Fresh Today
WASHINGTON—Both CUNA and NAFCU have expressed strong support for the proposed for Treasury’s Community Development Financial Institutions (CDFI) Fund and NCUA’s Community Development Revolving Loan Fund (CDRLF) in separate letters to the Senate Appropriations Subcommittee.
ARLINGTON, Va.—Existing home sales fell 0.9% in May from April, but it still reflected a 44.6% increase in sales versus a year ago. The average home price also saw a big increase.
WASHINGTON—NAFCU and CUNA shared support for H.R. 3958, the Central Liquidity Facility Enhancement Act, which makes the changes to the Central Liquidity Facility (CLF) in section 4016 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) permanent.
WASHINGTON–Ahead of yesterday’s mark-up of the "Central Liquidity Facility Enhancement Act" (H.R. 3958) by the House Committee on Financial Services, the Corporate Credit Union Alliance sent a letter expressing its support and also responding to one amendment in the bill.
MIDDLETOWN, Ohio–Credit unions in Ohio and Wisconsin have announced mergers, with the Ohio combination also coming with a new brand.
ORLANDO, Fla.–VyStar Credit Union plans to expand its footprint to the south and west of its Jacksonville home market with four new local branches.
WASHINGTON–The Fed has extended the comment deadline for its “card not present” proposal.
LONDON–The credit union community can only expect discussions around cryptocurrencies to increase, especially among commercial account and business members, according to one new forecast.
ALEXANDRIA, Va.–More than half of employees surveyed in North America plan to look for a new job in 2021, according to a new report, while separate research shows that a quarter of workers plan to quit their jobs outright once the COVID-19 pandemic subsides and recruiting efforts ramp up.