WASHINGTON--America's Credit Unions President and CEO Jim Nussle recognized this week's tax fight win, with the House Ways and Means Committee leaving the CU tax exemption intact, but emphasized the battle has not been won.
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NEW YORK—New York Attorney General Letitia James is suing Capital One N.A. and Capital One Financial Corporation for “cheating” its online savings account customers out of millions of dollars in interest payments, the New York AG’s office reported.
WASHINGTON--Credit unions and leagues are making visits with lawmakers on Capitol Hill and in-district to maintain the momentum of America's Credit Unions tax advocacy strategy as the House budget reconciliation bill works its way through the legislative process and towards a House vote.
WASHINGTON--“We have seen the number of mergers rise in recent years as the regulatory burden on community institutions has skyrocketed. Quite simply, it is getting harder to survive as a community financial institution due to these burdens,” America’s Credit Unions President/CEO Jim Nussle wrote in a letter to the House Financial Services Subcommittee on Financial Institutions.
WASHINGTON--The CFPB withdrew another set of regulatory actions, this time proposals that amended Regulation AA and Regulation V, as well as an interpretive rule with changes to the Electronic Fund Transfer Act (EFTA) and Regulation E, America's Credit Unions reported.
LIBERTY LAKE, Wash.—Ezra Eckhardt is no longer serving as president and CEO of the $6-billion Spokane Teachers CU, the credit union announced.
WASHINGTON—The House Ways and Means Committee wrapped up its markup on its reconciliation bill Wednesday morning, leaving the CU tax exemption intact.
ALBANY, N.Y.—New York Governor Kathy Hochul has formally established regulations for buy now, pay later lending in the state, adopting a more assertive approach as the CFPB takes a lighter regulatory stance under the new Administration.
WASHINGTON—Narrow supervisory standards, inconsistent approval timelines and other regulatory impediments are limiting new bank formation and leading to further consolidation in the financial sector, the American Bankers Association stated in comments to lawmakers.
TAMPA, Fla.—The $500-million Trax Credit Union has named Jessica Stevenson CEO.