WASHINGTON—As lawmakers edge closer to finalizing the budget reconciliation package, one of the most closely watched elements—particularly by the credit union industry—is the future scope and scale of the Consumer Financial Protection Bureau.
Fresh Today
WASHINGTON—Credit unions’ long, hard tax fight this year is approaching a successful end, as the U.S. Senate passed its budget reconciliation package Tuesday—excluding any provisions to tax credit unions or alter their longstanding federal tax status.
WASHINGTON — The Mortgage Bankers Association (MBA) is celebrating a significant policy victory following the Senate’s passage of H.R. 1, which preserves and strengthens key tax provisions critical to housing and real estate finance.
TACOMA, Wash.—The $3-billion Sound Credit Union here has completed the system conversion of Washington Business Bank, based in Olympia, Wash., marking the final step in Sound’s acquisition of the bank.
MARION, Ill.--NCUA has liquidated the $10.6-million Aldersgate Federal Credit Union here, the agency announced.
HARTFORD, Conn.--In a significant legislative win for Connecticut’s credit unions, Gov. Ned Lamont signed Public Act 25-37 into law, modernizing the state’s credit union statute and bringing greater alignment with federal standards, America's Credit Unions reported.
WASHINGTON--The Treasury’s efforts to modernize federal payment systems, reduce fraud, and promote financial inclusion received support from America’s Credit Unions in comments filed Monday.
WILLIAMSPORT, Pa.—A Detroit man who scammed banks and credit unions in northern Pennsylvania out of more than $200,000 by using counterfeit checks has been sentenced to 4.5 years in prison, PennLive reported.
WASHINGTON— The Financial Technology Association (FTA) has filed a motion for summary judgment in federal court, urging the court to uphold a final rule on consumer financial data rights—a regulation the CFPB declined to enforce under the Trump administration.
MIDDLETOWN, Ohio--NCUA Monday facilitated a partial purchase and assumption between $9.7-million Butler Heritage Federal Credit Union here and $173-million Cincinnati Ohio Police Federal Credit Union, the agency announced.