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WASHINGTON—The top Democrats on the Senate Finance and Senate Small Business committees are demanding answers from the Small Business Administration over what they said was a failure to help small businesses struggling with the financial fallout from President Trump’s tariffs, including companies that allegedly turned to high-cost “predatory” lenders to cover tariff-related costs, Law360 said.

WASHINGTON—America’s Credit Unions and the Defense Credit Union Council said Monday they are closely tracking a fast-moving week on Capitol Hill ahead of the Memorial Day recess, with stablecoin regulation, Bank Secrecy Act reform, housing legislation and interchange battles all emerging as major priorities for credit unions.

WASHINGTON—The Defense Credit Union Council is urging House lawmakers to preserve and expand several long-sought credit union reforms in the final version of the amended “21st Century Housing Act,” warning that the current legislation provides broad relief to community banks while leaving credit unions at a competitive disadvantage.

WASHINGTON—America’s Credit Unions joined four major financial trade groups in urging the Consumer Financial Protection Bureau to move quickly on targeted mortgage regulatory relief tied to President Trump’s March executive order aimed at expanding access to mortgage credit.