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WASHINGTON--After success in March primary elections and primaries on an April hiatus, America’s Credit Unions PAC and league partners are looking ahead to a busy May and June supporting credit union champions, ACU said.

DCUC letter ahead of icba summit

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WASHINGTON— The Treasury Department said Monday it has launched a review of certified Community Development Financial Institutions to look for potential violations of law or CDFI program requirements, signaling a new oversight push as the Trump Administration simultaneously seeks to sharply reduce funding for the CDFI Fund.

WASHINGTON— Credit union trade groups said Monday they are preparing for a crowded and potentially volatile week on Capitol Hill, with the House expected to take up the Senate-passed budget resolution, lawmakers facing a deadline to renew or temporarily extend Section 702 of the Foreign Intelligence Surveillance Act, continued pressure around Department of Homeland Security funding, and early maneuvering on possibly another round of reconciliation—all while the industry remains alert to any threat to the credit union tax exemption.

WASHINGTON— Kevin Warsh’s nomination to become the next Federal Reserve chair moved closer to a Senate floor vote Monday after the Senate Banking Committee scheduled a Wednesday markup to advance President Trump’s pick, a sign the confirmation process is back on track after a GOP hold that had threatened to delay action.