WASHINGTON—Small issuers had no voice during Tuesday’s Senate Judiciary Committee hearing focused on the proposed Credit Card Competition Act (CCCA). However, the legislation, according to Washington insiders, gained no traction.
Fresh Today
WASHINGTON—FDIC Chairman Martin Gruenberg plans to retire from the agency, effective Jan. 19, Reuters reported.
TROY, Mich.— Persistently high rates—reaching 6.9% in November—combined with steadily rising housing prices have put a strain on mortgage customers, a new study shows.
BASKING RIDGE, N.J.— A new study reveals families will spend nearly $3,000 more on holiday expenses from Thanksgiving through New Year’s Day.
WASHINGTON—A new study shows that consumers continue to exit cities in favor of country homes.
WASHINGTON—Citing CFPB Director Rohit Chopra’s recent comments regarding a proposed expansion of deposit insurance coverage, the Defense Credit Union Council (DCUC) is urging the CFPB’s leader not to conduct these discussions in a “vacuum” without credit union input.
MADISON, Wis.—The World Council of Credit Unions (WOCCU) has been awarded a $1.8-million grant from the Global Environment Facility (GEF) to launch a climate finance pilot, WOCCU reported.
WASHINGTON—Proposed changes to NCUA’s Call Report (Form 5300)—roughly 30 different changes in all—are concerning, America’s Credit Unions said.
WASHINGTON--Any legislative initiatives to expand the power of the federal government to intervene in the U.S. credit card market would harm small businesses and consumers across the country, America's Credit Unions, the American Bankers Association and six bank and credit union associations said in a joint letter to the Senate Judiciary Committee.
WASHINGTON—As both chambers of Congress return to Washington for the lame duck session and committee hearings, America’s Credit Unions is focused on actions from the CFPB.