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.
WASHINGTON--House Rules Committee members continue their work on the budget reconciliation bill. The meeting began at 1 a.m. ET and remains in session as of 7 a.m. ET Wednesday, America's Credit Unions reported.
WASHINGTON—Sen. Roger Marshall (R-KS) has filed an amendment seeking to attach the Credit Card Competition Act (CCCA) to the GENIUS Act (S.1582). ‘
PURCHASE, N.Y.—Mastercard has introduced a new solution to make it easier to make and receive stablecoin payments, saying the move will allow consumers to use stablecoins as easily as the money in their bank and credit union accounts.
WASHINGTON—Remittances are coming under fire from Republicans, according to news reports.
WASHINGTON--CU Student Choice has expanded access to its flexible education line of credit product.
WASHINGTON--A U.S. Court officially dismissed the lawsuit challenging the CFPB’s overdraft rule Friday, a needed legal step after the rule was nullified by passage and signing of the Congressional Review Act into law, America's Credit Unions noted.
WASHINGTON--As the budget reconciliation package heads toward a potential House vote later this week, America’s Credit Unions is actively engaging with House members and staff to emphasize the importance of preserving the credit union tax exemption and its vital role in supporting members and communities.
