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WASHINGTON--The Defense Credit Union Council has sent a letter to leaders of the House Ways and Means Committee, urging their support for the preservation of credit unions’ federal tax-exempt status.

WASHINGTON — The Consumer Financial Protection Bureau has proposed a rule that would stop financial companies from “forcing” Americans to choose between participating in the financial system or giving up their rights, including those guaranteed by the Constitution, the CFPB said.

WASHINGTON—The Consumer Financial Protection Bureau has released a study of buy now, pay later borrowers, finding that more than one-fifth of consumers with a credit record used BNPL loans in 2022, with most of those consumers having subprime or deep subprime credit scores, the Bureau said.

WASHINGTON—As the CFPB continues to issue a spate of rules and take numerous actions, the Bureau, in fact, recently rolled back one proposal, America’s Credit Unions reported.

CORINTH, Texas—DATCU CEO Glen McKenzie will retire from the $1.6-billion organization in June, the credit union announced.

PROCTOR, Minn.—Members of the $71-million Proctor Federal Credit union here have approved a merger with $245-million Centricity, CU based in Hermantown, Minn., Centricity reported on its website.

WASHINGTON—Mortgage applications increased 33.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Jan. 10, 2025.

WASHINGTON— The Consumer Price Index rose 0.4% in December from November and finished the year up 2.9%, the Bureau of Labor Statistics reported.