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2023 Doug Wadsworth

Doug Wadsworth

KENNEWICK, Wash.— Doug Wadsworth, president/CEO of the $75-million Tri-CU Federal Credit Union and president of the Endangered Small Credit Union Defense (ESCUD), is pressing both the NCUA and CFPB to give small credit unions broad relief from NMLS/SAFE Act mortgage-loan originator requirements, arguing the rules impose costly compliance burdens with little or no consumer or safety and soundness benefit.

WASHINGTON--The House and Senate have passed slightly different versions of the 21st Century ROAD to Housing Act, a bill to expand available financing for affordable housing. Congress must resolve the differences between the two versions in order to send it to the President’s desk, America's Credit Unions noted.

WASHINGTON— The Securities and Exchange Commission and Commodity Futures Trading Commission said they have entered into a new memorandum of understanding aimed at improving coordination between the two agencies, part of a broader push to reduce overlapping rules, clarify jurisdictional boundaries and support what both regulators described as “lawful innovation” in U.S. financial markets.

AUSTIN, Texas— Federal authorities have arrested a Round Rock man in connection with the alleged armed robbery of Austin Telco Federal Credit Union, where prosecutors say more than $113,000 was stolen during a brazen January holdup.

 

WASHINGTON— Federal Reserve Gov. Stephen Miran said Monday it remains too early to determine how the economic fallout from the U.S.-Iran conflict should affect monetary policy, even as he continued to argue the central bank should keep cutting rates to support a softening labor market.

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