WASHINGTON—America’s Credit Unions is asking Treasury to recognize the “far-reaching benefits” of the Community Development Financial Institutions (CDFI) Fund and take steps to ensure its critical functions are preserved.
Fresh Today
WASHINGTON--The Senate confirmed Bill Pulte to be the new director of the Federal Housing Finance Agency (FHFA) by a 56-43 vote.
WASHINGTON—The Defense Credit Union Council has sent a letter to U.S. Treasury Secretary Scott Bessent expressing “deep concern” over President Trump’s recent executive order calling for the elimination of the Community Development Financial Institutions (CDFI) Fund.
FAIRFAX, Va.—The $4.6-billion Apple Federal Credit Union has agreed to a $2.5-million class action lawsuit settlement to resolve claims it charged unfair overdraft fees on ATM withdrawals and transfers and debit card payments, Top Class Actions reported.
SPOKANE, Wash.—The $5.6-billion Gesa Credit Union has purchased the naming rights to the Spokane Pavilion at Riverfront Park for $2.6 million over the next 10 years, Yahoo Finance reported.
WASHINGTON--The Office of the Comptroller of the Currency has taken action to reaffirm that a range of cryptocurrency activities are permissible in the federal banking system.
WASHINGTON—Federal bank regulatory agencies—FDIC, OCC, and Federal Reserve— reported in the 2024 Shared National Credit (SNC) report that credit risk associated with large, syndicated bank loans remains moderate.
WASHINGTON—America’s Credit Unions is calling the Independent Community Bankers of America’s (ICBA) latest attack on the CU tax status “weak.”
LAWRENCEVILLE, Ga.– Spurred by concerns over rising new car prices due to the Trump Administration tariffs, used vehicle valuations increased in February, marking the first hike in 2025.
NASHVILLE—Volunteer Corporate Credit Union is partnering with ACUSi, a credit union service organization (CUSO) wholly owned by Alabama Credit Union in Tuscaloosa, Ala.