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WASHINGTON—U.S. residential construction activity weakened in October, with housing starts falling sharply even as permits held roughly steady, underscoring continued volatility in the housing market amid higher borrowing costs and affordability pressures.

WASHINGTON--In a win for credit unions and the communities they serve House legislation released over the weekend would appropriate $324 million for Treasury’s Community Development Financial Institution (CDFI) Fund for FY26, America’s Credit Unions reported, noting it has consistently advocated for the amount—the same as FY25—in its work with Congress, including in a recent letter to the House Appropriations Committee.

WASHINGTON--The CFPB today has published a notice withdrawing a joint statement issued in 2023 with the Department of Justice (DOJ).

WASHINGTON--Office of Management and Budget Director Russ Vought has submitted a $145 million request to the Federal Reserve to fund the functions of the CFPB through the second quarter of this year, America's Credit Unions reported.

WASHINGTON—If a nationwide 10% cap on credit card interest rates were ever imposed, the effects would ripple far beyond monthly statements, reshaping who can access credit, how banks and credit unions price risk, and even how consumers spend money across the economy.

NEW YORK— Credit unions’ retention challenge is increasingly structural, not demographic, as rising digital expectations reshape how members judge value and loyalty.

ALBUQUERQUE, N.M. — Marsha Majors has retired as president and CEO of $1.5-billion U.S. Eagle Federal Credit Union, ending a more than 40-year career with one of New Mexico’s largest credit unions, the Albuquerque Journal reported.