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WASHINGTON— The CFPB is waiting on White House clearance before it can publish a final rule that would complete its rollback of the agency’s small business lending data-collection regime, according to a new regulatory notice, Law360 reported, signaling that another major change to the Biden-era Section 1071 framework may be close for banks and credit unions.

TAMPA--Consumer activity remained strong in March, with ongoing growth in debit and credit card transactions and purchases, according to the April edition of the Velera Payments Index.

WASHINGTON--The House Appropriations Committee will start marking up its FY27 Financial Services and General Government bill Tuesday, and America’s Credit Unions is urging the committee to maintain or increase amounts for several credit union related funds.

ALEXANDRIA, Va.—NCUA on Tuesday unveiled the 10th round of its Deregulation Project, proposing to ease a series of long-standing disclosure, notice and procedural requirements tied to credit union mergers into banks—changes the agency said would eliminate outdated and duplicative rules and give boards more flexibility to exercise business judgment.

WASHINGTON--Two credit union CEOs were elected to serve on the America’s Credit Unions board of directors, the organization announced: Bay Federal Credit Union President/CEO Carrie Birkhofer and Wright-Patt Credit Union President/CEO Tim Mislansky.