WASHINGTON--As national policy discussions focus on affordability and access to financial institutions, new data reinforces that credit unions are a beacon of affordability, significantly outperforming large national banks across key financial metrics due to the not-for-profit, cooperative financial model, America's Credit Unions reported.
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WASHINGTON--The bipartisan Housing for the 21st Century Act — a package designed to expand housing supply and improve affordability — cleared the House of Representatives Monday in a 390–9 vote. The measure now advances to the Senate for further action.
BUTTE, Mont. —The $700-million Frontier Credit Union has completed its purchase of $75-million First Citizens Bank of Butte, finalizing the transaction on Feb. 1 and converting the bank’s customers into Frontier members.
WASHINGTON-- The Treasury Department’s Office of Foreign Assets Control has rolled out a new online portal that will change how financial institutions and other firms report potential sanctions violations, offering a faster, more transparent way to submit voluntary self-disclosures, OFAC said.
WASHINGTON — Federal Reserve Vice Chair Philip Jefferson said artificial intelligence could meaningfully reshape inflation and interest rates in the years ahead, arguing that durable productivity gains from the technology may push the economy’s “neutral” interest rate higher and complicate the path of future rate cuts.
WASHINGTON—America's Credit Unions and the Defense Credit Union Council Monday participated in a nationwide media tour from the National Press Club here featuring DCUC President and CEO Anthony Hernandez ACU President and CEO Scott Simpson in interviews with local and regional radio and television outlets across the country.
WASHINGTON — The FDIC is giving the public three more months to weigh in on its proposed rules governing bank-issued payment stablecoins.
WASHINGTON — It may look like a relatively quiet week on Capitol Hill, but behind the scenes there is plenty keeping credit union advocates occupied, according to America’s Credit Unions.
WASHINGTON--The Federal Reserve’s proposal of a Reserve Bank Payment Account prototype does address a subset of risks, but it also brings concerns, shared America’s Credit Unions in a letter to the Fed.
WASHINGTON--The Defense Credit Union Council has sent a letter to House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters expressing strong support for H.R. 6644, the Housing for the 21st Century Act, and urging swift House passage ahead of an anticipated floor vote.