WASHINGTON—Mortgage applications decreased 1.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 23, 2025.
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WASHINGTON—The Department of Justice—on behalf of NCUA—has filed its reply to dismissed NCUA board members Todd Harper and Tanya Otsuka, arguing Congress has not restricted the President’s authority to remove NCUA board members at will.
WASHINGTON—Credit unions could see a rise in auto lending, higher salary expenses, and intensified competition from banks if the Big Beautiful Bill (H.R. 1) becomes law in its current form, according to a new analysis by America’s Credit Unions.
WASHINGTON— With the Big Beautiful Bill, H.R. 1, passed last week and the credit union tax status left untouched, the Defense Credit Union Council and America’s Credit Unions each stated they’re stepping up efforts to protect the industry's tax exemption, even as Congress is in recess.
WASHINGTON—The Federal Reserve, along with a coalition of banking and business associations, has asked a federal court to pause ongoing litigation challenging the Fed’s stress testing framework, the ABA Banking Journal reported.
WASHINGTON—As consumer and civil rights groups voice strong opposition to H.R. 1—arguing it will burden lower-income Americans with higher taxes and reduced healthcare benefits—America’s Credit Unions stated it is closely monitoring the bill's potential impact on credit union members.
SAN ANTONIO—The $738-million Generations FCU has been hit with a potential class-action lawsuit over its overdraft charges, San Antonio Express-News reported.
WASHINGTON— The Consumer Financial Protection Bureau indicated its contested consumer financial data rights rule may soon be struck down, according to a new legal filing.
ST. PETERSBURG, Fla.--Velera has named a new executive committee for its board of directors, the CUSO announced.
AUSTIN—Americans are engaging in “doom spending” — making purchases driven by fear or anxiety about the future, a new study shows.