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NEW YORK—The federal government’s decision to permanently free U.S. businesses from Corporate Transparency Act (CTA) reporting gives credit unions an opportunity to deliver some welcome news to business members—but it does not eliminate credit unions’ own obligation to identify the people behind the businesses they serve.

WASHINGTON--The Defense Credit Union Council Monday submitted comments to House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters ahead of the Committee’s hearing Wednesday examining policies to promote economic growth, opportunity, competition, and prosperity. 

WASHINGTON—The House voted 370-48 Tuesday to keep federal agencies funded through Dec. 11, averting a government shutdown before the midterm elections and setting up another funding battle at year-end, POLITICO reported.

WASHINGTON—House Republicans have introduced a sweeping CFPB overhaul that would triple the threshold for direct Bureau supervision of banks and credit unions from $10 billion to $30 billion in assets, potentially returning oversight of several large credit unions to the NCUA.