WASHINGTON— The Defense Credit Union Council and America’s Credit Unions are warning this could be one of the busiest legislative weeks before Congress leaves for its August recess, with lawmakers expected to tackle regulatory relief, NCUA nominations, the National Defense Authorization Act (NDAA), cryptocurrency legislation and several oversight hearings affecting financial institutions.
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WASHINGTON—Monday, the Defense Credit Union Council submitted comments to the House Appropriations Committee ahead of its hearing, "Funding Lapses: Analyzing Shutdown Reform," urging Congress to enact bipartisan reforms that protect servicemembers, Coast Guard personnel, veterans, federal employees, and military families from the financial consequences of future government shutdowns.
WASHINGTON—The Defense Credit Union Council Monday submitted comments to the House Financial Services Subcommittee on Housing and Insurance ahead of its hearing, "Oversight of the Federal Home Loan Bank System.”
WASHINGTON— The Defense Credit Union Council on Monday urged Congress to modernize anti-money laundering oversight, telling a House Financial Services subcommittee that credit unions serving military members and veterans are increasingly on the front lines of combating sophisticated financial crimes.
WASHINGTON—The Defense Credit Union Council Monday announced its support for H.R. 6955, the Main Street Capital Access Act, and urged Congress to pass the legislation.
DENVER—Former FDIC Chairman Martin Gruenberg and former Consumer Financial Protection Bureau Director Richard Cordray are urging the full Tenth Circuit to allow Colorado to enforce its interest-rate limits on loans made to state residents by out-of-state, state-chartered banks.
SYDNEY, Australia—The 2026 World Credit Union Conference officially opened Sunday with its signature Parade of Flags, as more than 2,400 credit union professionals from 39 countries gathered in Sydney for the annual global meeting of the cooperative finance movement.
WASHINGTON--As NCUA works to implement the GENIUS Act, America’s Credit Unions submitted comments on the proposal Friday. NCUA’s proposal contains core operational requirements for agency-licensed permitted payment stablecoin issuers (PPSIs).
MIAMI—Credit card delinquency rates improved across most major U.S. cities over the past year, with St. Louis posting the largest decline, according to a new analysis by WalletHub.
KENNEWICK, Wash.— As the Senate advances confirmation of John Crews as the next NCUA chairman, the Endangered Small Credit Union Defense (ESCUD) has sent a letter calling for immediate relief from what it describes as “examination exhaustion” at the nation’s smallest credit unions.