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WASHINGTON—House Republican tax writers talked about credit unions’ tax-exempt status during their weekly lunch Wednesday, Punchbowl News reported, citing sources familiar with the meeting.

WASHINGTON—While the credit union industry, including NCUA, expresses concerns about the potential consolidation of the nation’s prudential banking regulators, Treasury Secretary Scott Bessent stated he does not support the idea.

WASHINGTON—Pessimism toward mortgage rates and personal financial situations continues to grow, according to Fannie Mae.

NEW YORK—Federal Reserve Chairman Jerome Powell made it clear that the new Administration’s “significant” policy changes in four distinct areas: trade, immigration, fiscal policy, and regulation will have a sharp impact on the path of monetary policy.

MARION, Ind.—The $577-million Via Credit Union has been hit with a class-action lawsuit over what appears to be a data breach that occurred at the organization between Jan. 18 and Jan. 20,  Bloomberg Law reported.

GREENVILLE, S.C. –The $60-million Secured Advantage FCU has named Katia Marini-Nunez CEO.

NEW YORK—The global light vehicle (LV) sales rate for December reached 95.5 million units, marking the highest monthly level since August 2023, when China's recovery surged, GlobalData reported.

NASHVILLE—The Independent Community Bankers of America (ICBA) has formally announced its new policy toward targeting the credit union tax exemption.