WASHINGTON--Removing barriers for consumers to obtain mortgages through the Federal Housing Administration (FHA), the Department of Housing and Urban Development (HUD) updated FHA quality control requirements to allow greater flexibility and alternatives to appraisal field reviews. The new provisions took effect immediately when released in a Mortgagee Letter Tuesday, America's Credit Unions reported.
WASHINGTON--A new ad campaign released by America’s Credit Unions highlights efforts by Rep. Don Davis (D-NC) to support affordable financial services for service members and constituents and urges constituents to encourage Davis’ continued efforts.
WASHINGTON--The White House issued two Executive Orders looking to address the risks of quantum computing on cryptographic security systems. As quantum computing becomes more available, there is increased risk of bad actors using this capability to decrypt sensitive information and conduct fraud, America's Credit Unions noted.
WASHINGTON--Responding to the NCUA’s request for information on NCUA data collection, America’s Credit Unions requested the NCUA reduce and streamline the process for credit unions.
WASHINGTON—Congress has cleared the 21st Century ROAD to Housing Act for President Trump's signature, delivering a bipartisan housing package that expands homeownership initiatives while also enacting long-sought credit union governance reforms. Sources familiar with the matter told CUToday.info that Trump is expected to sign the legislation Wednesday morning.
SACRAMENTO, Calif.—Robinhood is facing a proposed class action in California federal court that alleges the online brokerage illegally operates a sports betting platform by marketing event contracts as investments when they are actually unlicensed gambling products that violate state gaming laws, according to court filings reported by Law360.
WASHINGTON, D.C.—A new white paper from the Mortgage Bankers Association warns that demographic shifts and changing housing market conditions could significantly slow U.S. housing demand growth over the next decade, potentially reshaping home prices, construction activity and mortgage lending.
NEW YORK--OpenAI is broadening access to its most advanced cybersecurity AI tools, allowing 30 security vendors and service providers to integrate GPT-5.5 into customer-facing products and services through its new Daybreak Cyber Partner Program, according to BankInfoSecurity.
WASHINGTON--The Defense Credit Union Council is weighing in on a series of congressional hearings, nominations and policy debates this week, urging lawmakers and federal agencies to prioritize military financial readiness, preserve credit union access and advance regulatory reforms it says would strengthen service to servicemembers, veterans and their families.
PHOENIX—Arizona Gov. Katie Hobbs has signed HB 2979 into law, a measure designed to modernize the state's credit union charter and expand operating flexibility for Arizona state-chartered credit unions, according to the GoWest Credit Union Association.
