WASHINGTON—The U.S. House of Representatives has passed H.R. 1, the One Big Beautiful Bill, which leaves the credit union tax exemption in place.
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WASHINGTON--As the Senate begins consideration of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act (S. 1582), America’s Credit Unions said it is fighting two “poison pill” amendments.
WASHINGTON--Streamlining processes and providing targeted training and technical assistance would reduce barriers to credit union participation in Small Business Administration (SBA) lending programs, wrote America’s Credit Unions President/CEO Jim Nussle in a letter sent ahead of this week's Senate Appropriations Subcommittee on Financial Services and General Government hearing where SBA Administrator Kelly Loeffler testified.
WASHINGTON--The House Financial Services Committee advanced five CU-supported bills at the close of a two-day markup Wednesday.
WASHINGTON—More than 600 credit union presidents and CEOs joined together to send a letter to the U.S. House of Representatives ahead of the vote on the One Big Beautiful Bill, America’s Credit Unions reported.
WASHINGTON--Former NCUA board members Todd Harper and Tanya Otsuka have filed a response opposing the Department of Justice’s (DOJ) cross-motion for summary judgment, contending that their dismissals violate federal law, America’s Credit Unions reported.
ALEXANDRIA, Va.—NCUA lacks two key tools needed to effectively monitor how regulated financial institutions are using artificial intelligence, according to a new report from the Government Accountability Office (GAO).
WASHINGTON—The FDIC board has unanimously voted to rescind a 2024 statement on bank mergers that expanded the factors considered in merger application reviews. They reinstated the prior policy that was in effect before the changes, the ABA Banking Journal reported.
WASHINGTON—Mortgage applications decreased 5.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 16, 2025.
WASHINGTON--For more than 100 years, credit unions have focused on serving Main Street America by prioritizing people, not profits. America’s Credit Unions shared that message with House members as part of ongoing outreach in advance of a potential floor vote this week on the budget reconciliation package.