WASHINGTON—Credit union assets increased 2.3% from year-end 2023 to year-end 2024, according to NCUA’s latest call report data from the fourth quarter of 2024, America’s Credit Unions reported.
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WASHINGTON—The CFPB has frequently hindered its own mission to protect consumers, Jonathan McKernan stated during a Senate hearing on his nomination to lead the agency, the ABA Banking Journal reported.
TAMPA—It's now simpler and easier for credit unions to become part of the Credit Union Data Exchange (CUDX), according to Trellance Cooperative Holdings, which also recently took steps to make participating in the new data sharing platform easier on CUs’ budgets.
ALEXANDRIA, Va.— NCUA is reminding that credit unions subject to HMDA data collection requirements in calendar year 2024 must submit their loan/application register data using the HMDA Platform by March 3, 2025.
RALEIGH, N.C.— A new bill in this state would give credit unions special rights to serve residents of a banking desert.
CHICAGO—Alliant Credit Union reported a good year in the challenging commercial real estate market, with these loans up 34% over 2023.
WASHINGTON—Ahead of the Senate Small Business Committee’s hearing on managing risk in the Small Business Administration (SBA), America’s Credit Unions wrote a letter describing credit unions’ perspective on measures impacting risk related to SBA’s 7(a) Loan Program.
NEW YORK—Reflecting the Trump Administration’s pro-crypto stance, Bitcoin and digital asset bills have been field in at least 31 state legislatures, according to a Bitcoin Laws website tracking state legislative filings.
NEW YORK—America’s Credit Unions and the New York Credit Union Association, together with American Bankers Association, Bank Policy Institute, and the Clearing House Association, have filed an amicus brief in a case brought by the New York Attorney General against Citibank.
WASHINGTON—Senator Mike Lee (R-UT) is pushing to prohibit the Federal Reserve from establishing a central bank digital currency (CBDC), CardRates.com reported.