WASHINGTON—The Treasury Department has opened the application process for the remaining congressionally authorized funding under its Community Development Financial Institutions (CDFI) Fund, giving lenders just three months to compete for millions of dollars that expire Sept. 30, POLITICO reported.
Fresh Today
WASHINGTON—The Defense Credit Union Council Monday sent a letter to House leadership urging lawmakers to keep the National Defense Authorization Act (NDAA) focused on national defense, military readiness, servicemembers, veterans, and their families.
WASHINGTON—With Congress heading into a shortened legislative week ahead of the Fourth of July recess, the nation's two largest credit union trade groups are pressing lawmakers to advance a series of industry priorities, from housing legislation and anti-money laundering relief to defense authorization measures and small business initiatives.
ALEXANDRIA, Va.--NCUA has awarded $3.47 million in Community Development Revolving Loan Fund grants to 97 low-income designated credit unions, the agency announced Monday.
WASHINGTON—In a landmark ruling that could reshape the independence of federal regulatory agencies, the U.S. Supreme Court ruled Monday that President Trump has the constitutional authority to remove Federal Trade Commission commissioners at will, striking down the agency's decades-old statutory job protections and overturning its 1935 Humphrey's Executor precedent.
WASHINGTON--On Friday, the Defense Credit Union Council, through its Defending Credit Unions National Advocacy Fund, launched a targeted digital advertising campaign thanking Senator Pete Ricketts (R-NB) for his continued support of policies that protect consumer access to affordable credit.
WASHINGTON — America’s Credit Unions Monday launched "Once Upon an American Dream," a national policymaker influence campaign targeting federal policymakers with a sustained message on the economic role credit unions play in American communities.
WASHINGTON--The Federal Housing Finance Agency (FHFA) has issued a proposed rule to rescind and replace Duty to Serve (DTS) regulations for Fannie Mae and Freddie Mac. Currently, the DTS regulations make both obligated to support mortgage financing for underserved housing markets, Americas Credit Unions explained.
WASHINGTON--As Nacha works to improve the efficiency of the ACH Network’s return processes, America’s Credit Unions provided feedback on three proposals related to return efficiencies and operations.
EAST LANSING, Mich.—Michigan State University has signed a 10-year sponsorship agreement with MSU Federal Credit Union that will place the credit union's logo on the uniforms of all 23 varsity sports programs, marking what reports describe as the first department-wide jersey patch sponsorship in the Big Ten.