WASHINGTON—As credit union leaders gathered for America’s Credit Unions 2026 Governmental Affairs Conference this week, hallway conversations around credit cards and portfolio strategy were almost as prominent as policy debates on Capitol Hill, according to Brian Scott.
Fresh Today
WASHINGTON—President Donald Trump on Wednesday formally nominated Kevin Warsh to serve as Chairman of the Board of Governors of the Federal Reserve System, following through on a promise he made earlier this year to elevate the former central bank official to the top post.
WASHINGTON — Mortgage applications increased 11.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 27.
WASHINGTON--Deregulation is a priority for the Administration, and the NCUA is committed to reducing regulatory burdens for credit unions. A Governmental Affairs Conference breakout session addressed this commitment and the agency’s Deregulation Project with a panel featuring NCUA Office of External Affairs and Communications Director Sierra Robinson, America’s Credit Unions Regulatory Advocacy Senior Counsel Luke Martone, and California and Nevada Credit Union Leagues Vice President of Regulatory Advocacy Lisa Quaranta.
WASHINGTON—Credit unions continue to serve a disproportionate share of Americans with modest incomes and limited wealth—households banks are less likely to reach—according to new analysis shared by America’s Credit Unions Chief Economist Curt Long during a Governmental Affairs Conference session.
DENVER--Kansas City Federal Reserve President Jeffrey Schmid said Tuesday he remains opposed to additional interest-rate cuts, arguing inflation remains too high and the labor market appears balanced, Reuters reported.
WASHINGTON--As the House Financial Services Committee prepares to mark up the Main Street Capital Access Act (H.R. 6955), America’s Credit Unions shared support of several key provisions, while calling for more to address credit union needs.
RIVERSIDE, Calif. — Credit One Bank has agreed to pay $10.2 million to settle allegations it used aggressive and unlawful debt-collection tactics against California consumers, according to reporting by NBC Palm Springs, citing the Riverside County District Attorney’s Office.
COLUMBUS, Ohio--Klarna is turning checkout clicks into full-fledged banking relationships, with new earnings data showing that pay-over-time activity is increasingly converting shoppers into deposit and account customers, according to reporting by PYMNTS.
WASHINGTON—The third day of the Governmental Affairs Conference brought credit union advocates closer to Capitol Hill, with timely remarks from federal officials, including Federal Reserve Bank of New York President/CEO John C. Williams and Sen. Pete Ricketts (NE).