Fresh Today

WASHINGTON— Senate Republicans on Tuesday released a budget resolution aimed at unlocking the reconciliation process for a new immigration-enforcement funding bill, a procedural move that would allow the GOP to bypass a Democratic filibuster and advance tens of billions of dollars for ICE and Border Patrol with only a simple majority in the Senate.

WASHINGTON— Kevin Warsh used his Senate Banking Committee confirmation hearing Tuesday to signal a more balance-sheet-focused Federal Reserve—telling senators he would protect the central bank’s independence, would not pre-commit to rate cuts and wants “robust” reforms that could matter directly to banks and credit unions through funding costs, securities portfolios and the pace of any future easing.

NAPERVILLE, Ill./RALEIGH, N.C.— FORUM52 said Alloya Corporate Federal Credit Union has agreed to serve as platform sponsor of its leadership network for the next two years, a move the organization said will help expand leadership development and peer collaboration resources for credit union executives, board members and emerging leaders.

WASHINGTON— A federal labor union is pushing back against the CFPB's latest attempt to move forward with sweeping layoffs, telling the U.S. Court of Appeals for the D.C. Circuit that any request to revive the agency’s reduction-in-force plan belongs first before U.S. District Judge Amy Berman Jackson, whose injunction has been blocking mass job cuts, Law360 reported.

WASHINGTON— With the Trump Administration’s FY 2027 budget proposal again putting pressure on federal community development programs, the Defense Credit Union Council is urging Senate appropriators to preserve full funding for the Treasury Department’s Community Development Financial Institutions Fund, warning the program remains critical to credit unions serving military, veteran and underserved communities.

TAMPA--Consumer activity remained strong in March, with ongoing growth in debit and credit card transactions and purchases, according to the April edition of the Velera Payments Index.

ALEXANDRIA, Va.—NCUA on Tuesday unveiled the 10th round of its Deregulation Project, proposing to ease a series of long-standing disclosure, notice and procedural requirements tied to credit union mergers into banks—changes the agency said would eliminate outdated and duplicative rules and give boards more flexibility to exercise business judgment.

WASHINGTON--The House Appropriations Committee will start marking up its FY27 Financial Services and General Government bill Tuesday, and America’s Credit Unions is urging the committee to maintain or increase amounts for several credit union related funds.

WASHINGTON--Two credit union CEOs were elected to serve on the America’s Credit Unions board of directors, the organization announced: Bay Federal Credit Union President/CEO Carrie Birkhofer and Wright-Patt Credit Union President/CEO Tim Mislansky.