ALEXANDRIA, Va.–NCUA Board Member Rodney Hood said that with the economy now recovering from COVID-19, he wants the NCUA board to institute an advisory board.
Fresh Today
ALEXANDRIA, Va.–The NCUA board will hold a meeting today.
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.
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.